Senate Bill S8548

2017-2018 Legislative Session

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

download bill text pdf

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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2017-S8548 (ACTIVE) - Details

See Assembly Version of this Bill:
A2020
Current Committee:
Senate Corporations, Authorities And Commissions
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-S8548 (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-S8548 (ACTIVE) - Sponsor Memo

2017-S8548 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8548
 
                             I N  S E N A T E
 
                                May 9, 2018
                                ___________
 
 Introduced  by  Sen.  BOYLE  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 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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