Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 24, 2018 |
signed chap.246 |
Aug 13, 2018 |
delivered to governor |
Jun 19, 2018 |
returned to assembly passed senate 3rd reading cal.1253 substituted for s7961 |
Jun 05, 2018 |
referred to rules delivered to senate passed assembly |
May 31, 2018 |
advanced to third reading cal.1035 |
May 30, 2018 |
reported |
Mar 27, 2018 |
reported referred to ways and means |
Mar 15, 2018 |
referred to economic development |
Assembly Bill A10105
Signed By Governor2017-2018 Legislative Session
Sponsored By
SCHIMMINGER
Archive: Last Bill Status - Signed by Governor
- 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
Votes
co-Sponsors
Donna Lupardo
2017-A10105 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7961
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Amd §16-v, UDC Act
2017-A10105 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10105 I N A S S E M B L Y March 15, 2018 ___________ 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 urban development corporation act, in relation to the New York state business incubator and innovation hot spot support act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (c) of subdivision 2 of section 16-v of section 1 of chapter 174 of the laws of 1968, constituting the urban development corporation act, as added by section 1 of part C of chapter 59 of the laws of 2013, is amended to read as follows: (c) The corporation, subject to appropriations provided for this purpose, may approve and designate [five] TEN New York state incubator hot spots [in fiscal year two thousand thirteen-two thousand fourteen and five additional New York state innovation hot spots in fiscal year two thousand fourteen-two thousand fifteen]. Such designees will be required to demonstrate an affiliation with and the application support of at least one college, university or independent research institution, and that its programs and purposes are consistent with regional economic development strategies. § 2. Paragraph (c) of subdivision 5 of section 16-v of section 1 of chapter 174 of the laws of 1968, constituting the urban development corporation act, as added by section 1 of part C of chapter 59 of the laws of 2013, is amended to read as follows: (c) No deduction. In addition to the foregoing requirements, an incu- bator sponsor shall agree to dedicate all funds from any grants or support received pursuant to this subdivision to the operations of the incubator without deductions for [overhead,] indirect costs[, or facili- ties and administration charges] of such sponsor. IN NO CASE SHALL AN INCUBATOR SPONSOR AGREE TO PROVIDE LESS THAN EIGHTY-FIVE PERCENT OF ALL FUNDS RECEIVED PURSUANT TO THIS SUBDIVISION TO THE OPERATIONS OF THE INCUBATOR WITHOUT EXCEPTION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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