Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 05, 2018 |
referred to rules delivered to senate passed assembly |
May 31, 2018 |
advanced to third reading cal.1004 |
May 30, 2018 |
reported |
Jan 03, 2018 |
referred to ways and means |
Jun 06, 2017 |
reported referred to ways and means |
May 30, 2017 |
referred to economic development |
Assembly Bill A8117
2017-2018 Legislative Session
Sponsored By
SCHIMMINGER
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
co-Sponsors
Anthony D'Urso
2017-A8117 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6491
- Current Committee:
- Senate Rules
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §217, St Fin L
2017-A8117 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8117 2017-2018 Regular Sessions I N A S S E M B L Y May 30, 2017 ___________ Introduced by M. of A. SCHIMMINGER -- (at request of the Empire State Development) -- read once and referred to the Committee on Economic Development AN ACT to amend the state finance law, in relation to the Excelsior Linked Deposit Program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 217 of the state finance law, as amended by section 1 of part H of chapter 60 of the laws of 2011, is amended to read as follows: § 217. Linked loans. Linked loans shall be made by lenders pursuant to the program only to eligible businesses in connection with eligible projects. [A linked loan shall be limited to a maximum amount of two million dollars.] An eligible business may receive more than one linked loan. During the life of the linked loan program, the total amount of money that a business can borrow from the linked program is [two] FIVE million dollars. The credit decision for making a linked loan shall be made solely by the lender. Notwithstanding the length of the term of a linked loan, the linked deposit relating to the linked loan shall be for a period of not more than four years. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09962-01-7
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.