Assembly Bill A5932A

2015-2016 Legislative Session

Provides small businesses with grants to commercialize energy and environmental technology innovations in-state

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Sponsored By

Archive: Last Bill Status - In Senate Committee Commerce, Economic Development And Small Business 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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Bill Amendments

co-Sponsors

multi-Sponsors

2015-A5932 - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, UDC Act
Versions Introduced in Other Legislative Sessions:
2013-2014: A8900
2017-2018: A6110, A9872
2019-2020: A2310
2021-2022: A4874, A9309
2023-2024: A7307

2015-A5932 - Summary

Provides small businesses with grants of up to $100,000 to commercialize energy and environmental technology innovations and ideas in-state to stimulate economic development.

2015-A5932 - Bill Text download pdf

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

                                  5932

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 9, 2015
                               ___________

Introduced  by  M.  of  A.  PICHARDO, CRESPO, BROOK-KRASNY, SCARBOROUGH,
  SEPULVEDA, BUCHWALD, SANTABARBARA, HEVESI, COLTON,  WALKER  --  Multi-
  Sponsored  by  --  M.  of  A. GOODELL, SIMANOWITZ, SKARTADOS, SOLAGES,
  THIELE -- read once and referred to the Committee on Small Business

AN ACT to amend the New York state urban development corporation act, in
  relation to creating the New York state innovative energy and environ-
  mental technology program

  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 the success of innovative energy and  environmental  tech-
nology-oriented  businesses  with  growth  potential is essential to the
continued economic health and security of New York state. It is  further
found  that  the development of new products to assist mature industries
undergoing dramatic changes or facing increasing international  competi-
tion  with  reducing energy costs and complying with environmental regu-
lations, can serve to retain, and even increase, employment.    However,
commercialization  of  these  products  is  restrained as numerous small
businesses are limited by lack of early stage financing.
  Therefore, the legislature seeks to provide early stage funds,  via  a
grants program, to stimulate the creation of a substantial number of new
businesses and jobs in the energy and environmental sector.
  S  2.  Section  1 of chapter 174 of the laws of 1968, constituting the
New York state urban development corporation act, is amended by adding a
new section 16-x to read as follows:
  S 16-X. NEW YORK STATE INNOVATIVE ENERGY AND ENVIRONMENTAL  TECHNOLOGY
PROGRAM.  1.  DEFINITIONS.  AS USED IN THIS SECTION, THE FOLLOWING WORDS
AND TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  (A) "INNOVATIVE ENERGY TECHNOLOGIES" SHALL MEAN ALL  METHODS  USED  TO
PRODUCE,  DISTRIBUTE,  CONSERVE  AND  STORE ENERGY BY METHODS WHICH HAVE
SIGNIFICANT POTENTIAL FOR COMMERCIALIZATION, WITH EMPHASIS ON  RENEWABLE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06558-02-5
              

co-Sponsors

multi-Sponsors

2015-A5932A (ACTIVE) - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-x, UDC Act
Versions Introduced in Other Legislative Sessions:
2013-2014: A8900
2017-2018: A6110, A9872
2019-2020: A2310
2021-2022: A4874, A9309
2023-2024: A7307

2015-A5932A (ACTIVE) - Summary

Provides small businesses with grants of up to $100,000 to commercialize energy and environmental technology innovations and ideas in-state to stimulate economic development.

2015-A5932A (ACTIVE) - Bill Text download pdf

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

                                 5932--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 9, 2015
                               ___________

Introduced  by  M.  of  A.  PICHARDO,  CRESPO,  BROOK-KRASNY, SEPULVEDA,
  BUCHWALD, SANTABARBARA, HEVESI, COLTON, WALKER, ROBINSON,  WOERNER  --
  Multi-Sponsored by -- M. of A. DAVILA, GOODELL, SIMANOWITZ, SKARTADOS,
  SOLAGES,  THIELE  --  read once and referred to the Committee on Small
  Business -- reported and referred to the Committee on Ways  and  Means
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee

AN ACT to amend the New York state urban development corporation act, in
  relation to creating the New York state innovative energy and environ-
  mental technology program

  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 the success of innovative energy and  environmental  tech-
nology-oriented  businesses  with  growth  potential is essential to the
continued economic health and security of New York state. It is  further
found  that  the development of new products to assist mature industries
undergoing dramatic changes or facing increasing international  competi-
tion  with  reducing energy costs and complying with environmental regu-
lations, can serve to retain, and even increase, employment.    However,
commercialization  of  these  products  is  restrained as numerous small
businesses are limited by lack of early stage financing.
  Therefore, the legislature seeks to provide early stage funds,  via  a
grants program, to stimulate the creation of a substantial number of new
businesses and jobs in the energy and environmental sector.
  S  2.  Section  1 of chapter 174 of the laws of 1968, constituting the
New York state urban development corporation act, is amended by adding a
new section 16-x to read as follows:
  S 16-X. NEW YORK STATE INNOVATIVE ENERGY AND ENVIRONMENTAL  TECHNOLOGY
PROGRAM.  1.  DEFINITIONS.  AS USED IN THIS SECTION, THE FOLLOWING WORDS
AND TERMS SHALL HAVE THE FOLLOWING MEANINGS:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06558-03-5
              

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