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Assembly Bill A5995

2015-2016 Legislative Session

Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding

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Archive: Last Bill Status - In Assembly Committee

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2015-A5995 (ACTIVE) - Details

See Senate Version of this Bill:
S3082
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง1854, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9983, S6544
2017-2018: A4499, S3144
2019-2020: A7309, S2846

2015-A5995 (ACTIVE) - Summary

Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding.

2015-A5995 (ACTIVE) - Bill Text download pdf 

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

                                  5995

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 9, 2015
                               ___________

Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
  Committee on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation to requiring the
  payment of small business grants within one  hundred  twenty  days  of
  notification of such funding

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

  Section 1. Subdivision 14 of section 1854 of  the  public  authorities
law,  as  added by chapter 83 of the laws of 1995, is amended to read as
follows:
  14. (A) To apply for and to administer federal research  and  develop-
ment grants and other monies for the benefit of consumers.
  (B)  TO  MAKE  PAYMENTS TO SMALL BUSINESSES, AS DEFINED BY SUBDIVISION
EIGHT OF SECTION ONE HUNDRED TWO OF THE STATE  ADMINISTRATIVE  PROCEDURE
ACT,  FOR  GRANTS  ADMINISTERED BY THE AUTHORITY. PAYMENT OF SUCH GRANTS
SHALL BE MADE NO LATER THAN ONE HUNDRED TWENTY DAYS  AFTER  NOTIFICATION
OF SUCH FUNDING AWARD.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08508-01-5

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