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Assembly Bill A4920

2015-2016 Legislative Session

Authorizes grants and loans to businesses impacted or dislocated by state or local highway and bridge contracts

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Archive: Last Bill Status - In Assembly Committee

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2015-A4920 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd ยง16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2009-2010: A5828
2011-2012: A7525
2013-2014: A5758

2015-A4920 (ACTIVE) - Summary

Authorizes grants, loans, and loan guarantees from the empire state economic development fund to businesses which are impacted or dislocated by local and state highway and bridge projects funded with public monies.

2015-A4920 (ACTIVE) - Bill Text download pdf 

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

                                  4920

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 9, 2015
                               ___________

Introduced by M. of A. McKEVITT, GRAF, KOLB -- read once and referred to
  the Committee on Economic Development

AN ACT to amend the New York state urban development corporation act, in
  relation  to  grants and loans to businesses impacted or dislocated by
  highway and bridge projects

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

  Section 1. Paragraph (n) of subdivision 1 of section 16-m of section 1
of  chapter  174  of  the  laws of 1968, constituting the New York state
urban development corporation act, as added by chapter 298 of  the  laws
of 2012, is amended and a new paragraph (o) is added to read as follows:
  (n)  Loans,  loan  guarantees,  interest subsidies and grants to busi-
nesses, municipalities, industrial development agencies  and  local  and
regional economic development corporations, not-for-profit corporations,
business improvement districts, regional marketing authorities and agri-
cultural cooperatives organized pursuant to the cooperative corporations
law,  and  other entities for the construction, reconstruction, improve-
ment, expansion or rehabilitation of wholesale regional farmers' markets
or food hubs that facilitate the sale and  promotion  of  farm  products
grown or produced in New York state.
  For  the  purposes  of  this  paragraph  a wholesale regional farmers'
market or food hub is a market, business or organization  that  actively
manages the aggregation, distribution and marketing of source-identified
food  products  primarily  from  local  or regional producers to satisfy
wholesale, retail and institutional demand for such products[.]; AND
  (O) LOANS, LOAN GUARANTEES,  AND  GRANTS  INCLUDING  INTEREST  SUBSIDY
GRANTS  TO  BUSINESSES IMPACTED OR DISLOCATED BY STATE AND LOCAL HIGHWAY
AND BRIDGE PROJECTS FUNDED WITH PUBLIC MONIES.
  S 2. This act shall take effect immediately, except  that  the  amend-
ments  to paragraph (n) of subdivision 1 of section 16-m of section 1 of
chapter 174 of the laws of 1968, constituting the New York  state  urban
development  corporation act, made by section one of this act, shall not
affect the expiration of such section and shall  expire  and  be  deemed
repealed therewith.

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