Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to corporations, authorities and commissions returned to senate died in assembly |
Jun 20, 2013 |
referred to small business delivered to assembly passed senate |
May 08, 2013 |
advanced to third reading |
May 07, 2013 |
2nd report cal. |
May 06, 2013 |
1st report cal.542 |
Mar 21, 2013 |
referred to corporations, authorities and commissions |
Senate Bill S4359
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S4359 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6916
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Amd §16-t, UDC Act
- Versions Introduced in 2015-2016 Legislative Session:
-
S4828
2013-S4359 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4359 TITLE OF BILL: An act to amend the urban development corporation act, in relation to the small business revolving loan fund program Purpose of Bill: This bill would enable Empire State Development (ESD) to fully utilize its revolving loan funding by permitting it to reallocate funds to the Small Business Revolving Loan Trust Fund from the Regional Revolving Loan Trust Fund Program, Minority and Women Revolving Loan Trust Fund Program, Micro Enterprise Revolving Loan Trust Fund and Commercial District Revolving Loan Trust fund, provided that loans made with such reallocated funds are made to the types of businesses that would be eligible under the respective program from which the funds were reallocated. Summary of Provisions: Section 1 of the bill would amend the Small Business Revolving Loan Trust Fund Program by adding a new subdivision 16, which permits the reallocation of funding to the Small Business Revolving Loan Trust Fund Program from the Regional Revolving Loan Trust Fund Program. Minority and Women Revolving Loan Trust Fund Program, Micro Enterprise Revolving Loan Trust Fund and Commercial District Revolving Loan Trust fund, provided that loans made with such reallocated funds were made to the types of businesses that would be eligible under the respective program from which the funds were reallocated.
2013-S4359 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4359 2013-2014 Regular Sessions I N S E N A T E March 21, 2013 ___________ Introduced by Sen. RANZENHOFER -- (at request of the Empire State Devel- opment) -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commis- sions AN ACT to amend the urban development corporation act, in relation to the small business revolving loan fund program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 16-t of section 1 of chapter 174 of the laws of 1968, constituting the urban development corporation act, is amended by adding a new subdivision 16 to read as follows: (16) AS PROVIDED IN THIS SUBDIVISION, THE CORPORATION IS AUTHORIZED TO REALLOCATE TO THE PROGRAM FUNDS FROM THE REGIONAL REVOLVING LOAN TRUST FUND, THE MINORITY AND WOMEN REVOLVING LOAN TRUST FUND, THE MICRO ENTER- PRISE REVOLVING LOAN TRUST FUND AND THE COMMERCIAL DISTRICT REVOLVING LOAN TRUST FUND. FOR PROGRAM LOANS MADE WITH SUCH REALLOCATED FUNDS: (A) LOANS PROVIDED WITH FUNDS REALLOCATED FROM THE MINORITY AND WOMEN REVOLVING LOAN TRUST FUND SHALL BE TO MINORITY BUSINESS ENTERPRISES, AS DEFINED IN SUBDIVISION THREE OF SECTION TWO HUNDRED TEN OF THE ECONOMIC DEVELOPMENT LAW, AND WOMEN-OWNED BUSINESS ENTERPRISES, AS DEFINED IN SUBDIVISION FIVE OF SECTION TWO HUNDRED TEN OF THE ECONOMIC DEVELOPMENT LAW; (B) LOANS PROVIDED WITH FUNDS REALLOCATED FROM THE MICRO ENTERPRISE REVOLVING LOAN TRUST FUND SHALL BE MICROLOANS EQUAL TO OR LESS THAN SEVEN THOUSAND DOLLARS TO MINORITY BUSINESS ENTERPRISES, AS DEFINED IN SUBDIVISION THREE OF SECTION TWO HUNDRED TEN OF THE ECONOMIC DEVELOPMENT LAW, AND WOMEN-OWNED BUSINESS ENTERPRISES, AS DEFINED IN SUBDIVISION FIVE OF SECTION TWO HUNDRED TEN OF THE ECONOMIC DEVELOPMENT LAW; (C) LOANS PROVIDED WITH FUNDS REALLOCATED FROM THE COMMERCIAL DISTRICT REVOLVING LOAN TRUST FUND SHALL BE TO RETAIL BUSINESS WITHIN A COMMER- CIAL DISTRICT; (D) TO THE EXTENT FEASIBLE, THE CORPORATION SHALL APPLY THE REALLOCATED FUNDS FROM THE REGIONAL REVOLVING LOAN TRUST FUND SO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08437-01-3
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