Assembly Bill A7930A

2017-2018 Legislative Session

Relates to establishing a certified service-disabled veteran-owned business enterprise development and lending program

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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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Bill Amendments

2017-A7930 - Details

See Senate Version of this Bill:
S5642
Current Committee:
Assembly Economic Development
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-c-1, UDC Act; amd §§210 & 211, Ec Dev L

2017-A7930 - Summary

Directs the corporation for urban development and research of New York to establish programs in conjunction with locally and community based entities to decentralize lending for small loans and loans to start up certified service-disabled veteran-owned business enterprises.

2017-A7930 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7930
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2017
                                ___________
 
 Introduced  by  M.  of  A.  DenDEKKER  --  read once and referred to the
   Committee on Economic Development
 
 AN ACT to amend the New York state urban development corporation act and
   the economic development law, in relation to establishing a  certified
   service-disabled  veteran-owned  business  enterprise  development and
   lending program

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  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-c-1 to read as follows:
   § 16-C-1. CERTIFIED SERVICE-DISABLED VETERAN-OWNED BUSINESS ENTERPRISE
 DEVELOPMENT  AND LENDING PROGRAM.  (1) CERTIFIED SERVICE-DISABLED VETER-
 AN-OWNED BUSINESS ENTERPRISE DEVELOPMENT AND LENDING PROGRAM.  (A) THERE
 IS HEREBY CREATED A CERTIFIED  SERVICE-DISABLED  VETERAN-OWNED  BUSINESS
 ENTERPRISE  DEVELOPMENT AND LENDING PROGRAM FOR THE PURPOSE OF PROVIDING
 FINANCIAL AND TECHNICAL ASSISTANCE TO CERTIFIED SERVICE-DISABLED  VETER-
 AN-OWNED BUSINESS ENTERPRISES.
   (B)  FOR  THE  PURPOSES  OF  THIS SECTION THE FOLLOWING WORDS OR TERMS
 SHALL MEAN AS FOLLOWS:
   (I) "CERTIFIED  SERVICE-DISABLED  VETERAN-OWNED  BUSINESS  ENTERPRISE"
 SHALL  MEAN  A BUSINESS ENTERPRISE, CERTIFIED PURSUANT TO ARTICLE SEVEN-
 TEEN-B OF THE EXECUTIVE LAW.
   (II) "INCUBATOR" SHALL MEAN A FACILITY PROVIDING LOW-COST SPACE, TECH-
 NICAL ASSISTANCE AND SUPPORT SERVICES, INCLUDING, BUT  NOT  LIMITED  TO,
 CENTRAL  SERVICES  SHARED  BY  TENANTS  OF  THE  FACILITY,  TO CERTIFIED
 SERVICE-DISABLED VETERAN-OWNED BUSINESS ENTERPRISES.
   (C) ASSISTANCE SHALL NOT BE PROVIDED UNDER THIS SECTION FOR:
   (I) THE PURCHASE OR REHABILITATION OF REAL  PROPERTY  FOR  SPECULATIVE
 PURPOSES;
   (II) PAYMENT OF ANY TAX OR EMPLOYEE BENEFIT ARREARAGE;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

2017-A7930A (ACTIVE) - Details

See Senate Version of this Bill:
S5642
Current Committee:
Assembly Economic Development
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-c-1, UDC Act; amd §§210 & 211, Ec Dev L

2017-A7930A (ACTIVE) - Summary

Directs the corporation for urban development and research of New York to establish programs in conjunction with locally and community based entities to decentralize lending for small loans and loans to start up certified service-disabled veteran-owned business enterprises.

2017-A7930A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7930--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2017
                                ___________
 
 Introduced  by  M.  of  A.  DenDEKKER  --  read once and referred to the
   Committee on Economic Development -- recommitted to the  Committee  on
   Economic  Development  in  accordance  with Assembly Rule 3, sec. 2 --
   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 and
   the  economic development law, in relation to establishing a certified
   service-disabled veteran-owned  business  enterprise  development  and
   lending program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. 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-c-1 to read as follows:
   § 16-C-1. CERTIFIED SERVICE-DISABLED VETERAN-OWNED BUSINESS ENTERPRISE
 DEVELOPMENT AND LENDING PROGRAM.  (1) CERTIFIED SERVICE-DISABLED  VETER-
 AN-OWNED BUSINESS ENTERPRISE DEVELOPMENT AND LENDING PROGRAM.  (A) THERE
 IS  HEREBY  CREATED  A CERTIFIED SERVICE-DISABLED VETERAN-OWNED BUSINESS
 ENTERPRISE DEVELOPMENT AND LENDING PROGRAM FOR THE PURPOSE OF  PROVIDING
 FINANCIAL  AND TECHNICAL ASSISTANCE TO CERTIFIED SERVICE-DISABLED VETER-
 AN-OWNED BUSINESS ENTERPRISES.
   (B) FOR THE PURPOSES OF THIS SECTION  THE  FOLLOWING  WORDS  OR  TERMS
 SHALL MEAN AS FOLLOWS:
   (I)  "CERTIFIED  SERVICE-DISABLED  VETERAN-OWNED  BUSINESS ENTERPRISE"
 SHALL MEAN A BUSINESS ENTERPRISE, CERTIFIED PURSUANT TO  ARTICLE  SEVEN-
 TEEN-B OF THE EXECUTIVE LAW.
   (II) "INCUBATOR" SHALL MEAN A FACILITY PROVIDING LOW-COST SPACE, TECH-
 NICAL  ASSISTANCE  AND  SUPPORT SERVICES, INCLUDING, BUT NOT LIMITED TO,
 CENTRAL SERVICES  SHARED  BY  TENANTS  OF  THE  FACILITY,  TO  CERTIFIED
 SERVICE-DISABLED VETERAN-OWNED BUSINESS ENTERPRISES.
   (C) ASSISTANCE SHALL NOT BE PROVIDED UNDER THIS SECTION FOR:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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