Assembly Bill A3928

2015-2016 Legislative Session

Relates to the New York state biomedical and biotechnological translational research and entrepreneurship initiative

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Archive: Last Bill Status - In Assembly 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

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2015-A3928 (ACTIVE) - Details

See Senate Version of this Bill:
S4053
Current Committee:
Assembly Economic Development
Law Section:
Economic Development Law
Laws Affected:
Add Art 22 §§441 - 449, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9000, S6555
2017-2018: A1801

2015-A3928 (ACTIVE) - Summary

Relates to the New York state biomedical and biotechnological translational research and entrepreneurship initiative.

2015-A3928 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3928

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 28, 2015
                               ___________

Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
  tee on Economic Development

AN ACT to amend the economic development law, in  relation  to  the  New
  York  state biomedical and biotechnological translational research and
  entrepreneurship initiative

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Legislative  intent.  The  legislature  hereby  finds and
declares that a coordinated program of research,  entrepreneurship,  and
public-private  partnerships and collaborations centered in and with the
state's public and private medical schools  can  significantly  increase
the  speed  and  amount  of  commercialization  of  research from lab to
market, materially expanding economic and job opportunities for all  New
Yorkers in this high growth sector and increasing the likelihood of high
impact healthcare breakthroughs, which will improve the health and well-
being of New Yorkers and potentially reduce health care costs.
  The  legislature further finds that although New York state's biomedi-
cal and biotechnological research and infrastructure  includes  many  of
the  nation's top institutions, researchers and scientists, and has many
natural advantages compared to  other  states,  development  has  lagged
behind  the nation as a whole and many states in job growth and economic
activity for a decade; and further, that as other  states  make  signif-
icant  and  targeted  investments  to  recruit  top  tier scientists and
researchers, and develop incentives that are creating rapid growth,  the
gap between New York and other states will increase, along with a poten-
tial  migration  of  scientific  and  research talent to other states in
search of opportunity and professional advancement.
  The legislature further finds that recent changes that have  made  New
York's  economic development programs more sophisticated and competitive
can be combined  with  other  statutory  approaches  and  precedents  to
support  and incentivize an effective plan for development of biomedical

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04542-01-5
              

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