Assembly Bill A2020

2017-2018 Legislative Session

Relates to businesses impacted or dislocated by state and local infrastructure projects

download bill text pdf

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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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2017-A2020 (ACTIVE) - Details

See Senate Version of this Bill:
S8548
Current Committee:
Assembly Ways And Means
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd §16-m, UDC Act; amd §213, St Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: A10238
2019-2020: S821

2017-A2020 (ACTIVE) - Summary

Relates to businesses impacted or dislocated by state and local infrastructure projects; authorizes loans to certain businesses impacted or dislocated by state and local infrastructure projects.

2017-A2020 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2020
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 17, 2017
                                ___________
 
 Introduced  by  M. of A. SCHIMMINGER, McKEVITT -- read once and referred
   to the Committee on Economic Development
 
 AN ACT to amend the urban development  corporation  act  and  the  state
   finance law, in relation to businesses impacted or dislocated by state
   and local infrastructure projects

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. 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, is amended by adding a new paragraph  (o)  to  read  as
 follows:
   (O)  LOANS,  LOAN  GUARANTEES  AND  GRANTS  INCLUDING INTEREST SUBSIDY
 GRANTS TO BUSINESSES IMPACTED OR DISLOCATED BY STATE AND  LOCAL  INFRAS-
 TRUCTURE  PROJECTS INCLUDING, BUT NOT LIMITED TO, HIGHWAY, BRIDGE, WATER
 TREATMENT AND SEWER PROJECTS.
   § 2. Subdivision 11 of section 213 of the state finance law is amended
 by adding a new paragraph (h) to read as follows:
   (H) ANY BUSINESS THAT IS SIGNIFICANTLY IMPACTED OR DISLOCATED BY STATE
 AND LOCAL INFRASTRUCTURE PROJECTS INCLUDING, BUT NOT LIMITED  TO,  HIGH-
 WAY,  BRIDGE, WATER TREATMENT AND SEWER PROJECTS, IS INDEPENDENTLY OWNED
 AND OPERATED, EMPLOYS ONE HUNDRED OR FEWER PERSONS ON A FULL-TIME  BASIS
 WITHIN  THE  STATE,  AND  BY  SEEKING FINANCING THROUGH THE PROGRAM OR A
 PROJECT, WILL RESULT IN THE RETENTION OR CREATION OF  PERMANENT  PRIVATE
 SECTOR JOBS WITHIN THE STATE.
   §  3.  This act shall take effect immediately; provided, however, that
 the amendments to section 16-m of the urban development corporation  act
 made  by section one of this act shall not affect the expiration of such
 section and shall be deemed to expire therewith.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05806-01-7

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