Senate Bill S7767

2015-2016 Legislative Session

Requires certain business recipients of state aid to perform an annual assessment of the business' social and environmental impact as assessed against a third party standard

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Sponsored By

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

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2015-S7767 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd §§3, 30 & 30-A, UDC Act; add Art 23 §§450 - 452, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2017-2018: S1788, S7151
2019-2020: S2309
2021-2022: S2953
2023-2024: S2958

2015-S7767 (ACTIVE) - Summary

Requires certain business recipients of state aid to perform an annual assessment of the business' social and environmental impact as assessed against a third party standard.

2015-S7767 (ACTIVE) - Sponsor Memo

2015-S7767 (ACTIVE) - Bill Text download pdf

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

                                  7767

                            I N  S E N A T E

                              May 12, 2016
                               ___________

Introduced  by Sen. SQUADRON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN ACT to amend the New York state urban development corporation act and
  the  economic  development law, in relation to requiring certain busi-
  ness recipients of state aid to perform an annual  assessment  of  the
  business'  social and environmental impact as assessed against a third
  party standard

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

  Section  1. Section 3 of 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 subdivision 31 to read as follows:
  (31)  "THIRD-PARTY  STANDARD".  A  RECOGNIZED  STANDARD  FOR DEFINING,
REPORTING, AND ASSESSING BUSINESS' SOCIAL AND ENVIRONMENTAL  PERFORMANCE
THAT:
  (A)  ASSESSES  THE EFFECTS OF THE BUSINESS AND ITS OPERATIONS UPON THE
FOLLOWING:
  (I) THE EMPLOYEES AND WORK FORCE OF THE  BUSINESS,  ITS  SUBSIDIARIES,
AND ITS SUPPLIERS;
  (II) THE INTERESTS OF CUSTOMERS AS BENEFICIARIES OF THE BUSINESS;
  (III) COMMUNITY AND SOCIETAL FACTORS, INCLUDING THOSE OF EACH COMMUNI-
TY  IN WHICH OFFICES OR FACILITIES OF THE BUSINESS, ITS SUBSIDIARIES, OR
ITS SUPPLIERS ARE LOCATED; AND
  (IV) THE LOCAL AND GLOBAL ENVIRONMENT; AND
  (B) IS DEVELOPED BY AN ENTITY OTHER THAN:
  (I) THE STATE; OR
  (II) THE BUSINESS WHOSE  SOCIAL  AND  ENVIRONMENTAL  IMPACT  IS  BEING
ASSESSED AGAINST THE THIRD PARTY STANDARD; AND
  (III) SUCH ENTITY SHALL:
  (A)  HAVE  ACCESS  TO  NECESSARY EXPERTISE TO ASSESS OVERALL BUSINESS'
SOCIAL AND ENVIRONMENTAL PERFORMANCE; AND
  (B) USE A BALANCED MULTI-STAKEHOLDER APPROACH TO DEVELOP THE STANDARD,
INCLUDING A REASONABLE PUBLIC COMMENT PERIOD; AND

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

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