senate Bill S5349A

Signed By Governor
2017-2018 Legislative Session

Relates to establishing an advisory panel on employee-owned enterprises within the division of small business services

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 29, 2017 approval memo.26
signed chap.435
Nov 17, 2017 delivered to governor
Jun 21, 2017 returned to senate
passed assembly
ordered to third reading rules cal.659
substituted for a8179
Jun 15, 2017 referred to small business
delivered to assembly
passed senate
Jun 14, 2017 ordered to third reading cal.1759
committee discharged and committed to rules
Jun 05, 2017 print number 5349a
Jun 05, 2017 amend (t) and recommit to education
Mar 22, 2017 referred to education

Co-Sponsors

S5349 - Details

See Assembly Version of this Bill:
A8179
Law Section:
Economic Development Law
Laws Affected:
Add §139, Ec Dev L

S5349 - Summary

Relates to establishing an advisory panel on employee-owned enterprises; provides such panel shall consist of twelve members who shall report and make recommendations on how best to support existing employee-owned enterprises and promote new employee-owned enterprises.

S5349 - Sponsor Memo

S5349 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5349

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             March 22, 2017
                               ___________

Introduced by Sen. ALCANTARA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education

AN  ACT to amend the education law, in relation to employee-owned enter-
  prises; to amend the cooperative  corporations  law,  in  relation  to
  creating  an  advisory  panel on the viability of increasing employee-
  owned enterprises; and to amend the tax law, in relation to a  capital
  gains exemption

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Paragraph (a) of subdivision 4  of  section  3032  of  the
education law, as amended by chapter 683 of the laws of 1986, is amended
to read as follows:
  (a)  Employer specific skill training grant programs shall be designed
to support, supplement and contribute to the expansion  and  maintenance
of the economy of the state. Local education agencies shall apply to the
commissioner  for grants for conducting employer specific skill training
programs. Application for funds by local education agencies for training
programs shall be in a manner consistent with  the  application  process
for  business  and  industry  specific training programs under the voca-
tional education act of 1963 and the job training partnership  act;  the
sum of such grants per region shall not exceed the total funds allocated
or  reallocated  to  the  region  for such purposes. Such programs shall
provide retraining and upgrading to existing or potential  personnel  in
order  to improve technology, quality control, production efficiency, or
to adapt to other changes in the labor  market,  or  to  provide  unique
training  programs  to  meet  the  emerging needs and occupations of the
state's business and industry or providing training  to  individuals  to
promote  the  successful  management  and/or  operation  of  [a business
purchased by such individuals to provide for their continued  employment
through the formation of a worker owned cooperative or an employee stock
ownership  plan]  EMPLOYEE-OWNED  ENTERPRISES, AS DEFINED BY SUBDIVISION

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

Co-Sponsors

S5349A (ACTIVE) - Details

See Assembly Version of this Bill:
A8179
Law Section:
Economic Development Law
Laws Affected:
Add §139, Ec Dev L

S5349A (ACTIVE) - Summary

Relates to establishing an advisory panel on employee-owned enterprises; provides such panel shall consist of twelve members who shall report and make recommendations on how best to support existing employee-owned enterprises and promote new employee-owned enterprises.

S5349A (ACTIVE) - Sponsor Memo

S5349A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5349--A

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             March 22, 2017
                               ___________

Introduced  by  Sens. ALCANTARA, HAMILTON, PERALTA, SAVINO -- read twice
  and ordered printed, and when printed to be committed to the Committee
  on Education -- committee discharged, bill amended, ordered  reprinted
  as amended and recommitted to said committee

AN  ACT to amend the economic development law, in relation to establish-
  ing an advisory panel on employee-owned enterprises within  the  divi-
  sion  of small business services; and providing for the repeal of such
  provisions upon expiration thereof

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  economic  development law is amended by adding a new
section 139 to read as follows:
  § 139. ADVISORY PANEL ON EMPLOYEE-OWNED ENTERPRISES. 1.    DEFINITION.
AS USED IN THIS SECTION, THE TERM "EMPLOYEE-OWNED ENTERPRISE" SHALL MEAN
A  BUSINESS  IN  WHICH  THE EMPLOYEES CONTROL THE MAJORITY OF THE VOTING
STOCK, OR IF THE BUSINESS IS HELD IN A TRUST WHICH CONTROLS THE MAJORITY
OF THE VOTING STOCK, THE TRUSTEES ARE ELECTED BY THE EMPLOYEES. THE TERM
"EMPLOYEE-OWNED ENTERPRISE" SHALL ALSO REFER TO A WORKER COOPERATIVE  AS
DEFINED IN SECTION EIGHTY-ONE OF THE COOPERATIVE CORPORATIONS LAW.
  2.  ESTABLISHMENT  OF  ADVISORY  PANEL.  AN  ADVISORY  PANEL IS HEREBY
CREATED WITHIN THE DEPARTMENT FOR THE PURPOSE OF  REVIEWING  STATE  LAWS
AND  PROGRAMS IN ORDER TO REPORT AND MAKE RECOMMENDATIONS ON HOW BEST TO
SUPPORT EXISTING EMPLOYEE-OWNED ENTERPRISES, PROMOTING THE FORMATION  OF
NEW  EMPLOYEE-OWNED  ENTERPRISES,  AND PROMOTING THE CONTINUED GROWTH OF
SUCH BUSINESSES IN THE STATE.
  3. COMPOSITION OF ADVISORY PANEL. (A) THE ADVISORY PANEL SHALL CONSIST
OF TWELVE MEMBERS, INCLUDING:
  (I) THE COMMISSIONER, OR HIS OR HER DESIGNEE, WHO SHALL BE  DESIGNATED
AS CHAIR OF THE ADVISORY PANEL;
  (II) THE COMMISSIONER OF LABOR, OR HIS OR HER DESIGNEE;
  (III) THE COMMISSIONER OF TAX AND FINANCE, OR HIS OR HER DESIGNEE; AND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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