senate Bill S5685A

2017-2018 Legislative Session

Relates to the establishment of a state university-based center for employee ownership; repealer

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Sponsored By

Archive: Last Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee


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

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 22, 2018 print number 5685a
Jan 22, 2018 amend (t) and recommit to commerce, economic development and small business
Jan 03, 2018 referred to commerce, economic development and small business
Apr 25, 2017 referred to commerce, economic development and small business

S5685 (ACTIVE) - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Economic Development Law
Laws Affected:
Rpld & add §104-a, Ec Dev L; amd §§1836-a, 1836-b, 1836-c, 1836-d & 1836-e, Pub Auth L; amd §612, Tax L
Versions Introduced in 2019-2020 Legislative Session:
S2184

S5685 (ACTIVE) - Summary

Relates to the establishment of a state university-based center for employee ownership.

S5685 (ACTIVE) - Sponsor Memo

S5685 (ACTIVE) - Bill Text download pdf


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

                                  5685

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             April 25, 2017
                               ___________

Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment and Small Business

AN  ACT  to  amend  the economic development law, the public authorities
  law, the education law and the tax law, in relation to the  establish-
  ment of a state university-based center for employee ownership; and to
  repeal  certain  provisions  of  the economic development law relating
  thereto

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

  Section  1.  Section 104-a of the economic development law is REPEALED
and a new section 104-a is added to read as follows:
  § 104-A. ESTABLISHMENT OF A STATE UNIVERSITY-BASED CENTER FOR EMPLOYEE
OWNERSHIP. WITH RESPECT TO  EMPLOYEE  OWNERSHIP,  THE  DEPARTMENT  SHALL
ESTABLISH  A  STATE  UNIVERSITY-BASED CENTER FOR EMPLOYEE OWNERSHIP "THE
CENTER".
  1. THE CENTER SHALL:
  (A) PROVIDE EDUCATION AND OUTREACH TO INFORM BUSINESS OWNERS ABOUT THE
BENEFITS OF EMPLOYEE OWNERSHIP SUCCESSIONS;
  (B)  ORGANIZE  WORKSHOPS  AND  CONFERENCES   ON   EMPLOYEE   OWNERSHIP
SUCCESSIONS;
  (C)  PREPARE  AND  DISTRIBUTE  MATERIALS CONCERNING EMPLOYEE OWNERSHIP
SUCCESSIONS;
  (D) PROVIDE INITIAL CONSULTATION  TO  BUSINESS  OWNERS  EXPLORING  THE
POSSIBILITY OF TRANSFERRING FULL OR PARTIAL OWNERSHIP TO EMPLOYEES;
  (E)  PROVIDE  A  REFERRAL  SERVICE TO HELP BUSINESS OWNERS FIND LEGAL,
FINANCIAL, AND TECHNICAL ADVICE IN CONNECTION  WITH  EMPLOYEE  OWNERSHIP
SUCCESSIONS;
  (F)  PARTNER  WITH  KEY  ORGANIZATIONS, SUCH AS PROFESSIONAL AND TRADE
ASSOCIATIONS,  FINANCIAL  INSTITUTIONS,  UNIONS,  ECONOMIC   DEVELOPMENT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11177-02-7

Co-Sponsors

view additional co-sponsors

S5685A (ACTIVE) - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Economic Development Law
Laws Affected:
Rpld & add §104-a, Ec Dev L; amd §§1836-a, 1836-b, 1836-c, 1836-d & 1836-e, Pub Auth L; amd §612, Tax L
Versions Introduced in 2019-2020 Legislative Session:
S2184

S5685A (ACTIVE) - Summary

Relates to the establishment of a state university-based center for employee ownership.

S5685A (ACTIVE) - Sponsor Memo

S5685A (ACTIVE) - Bill Text download pdf


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

                                 5685--A

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             April 25, 2017
                               ___________

Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment and Small Business -- recommitted to the Committee on Commerce,
  Economic Development and Small Business in accordance with Senate Rule
  6,  sec. 8 -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the economic development law, the public authorities law
  and the tax law, in relation to the establishment of a state universi-
  ty-based  center  for  employee  ownership;  and  to  repeal   certain
  provisions of the economic development law relating thereto

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

  Section 1. Section 104-a of the economic development law  is  REPEALED
and a new section 104-a is added to read as follows:
  § 104-A. ESTABLISHMENT OF A STATE UNIVERSITY-BASED CENTER FOR EMPLOYEE
OWNERSHIP.  WITH  RESPECT  TO  EMPLOYEE  OWNERSHIP, THE DEPARTMENT SHALL
ESTABLISH A STATE UNIVERSITY-BASED CENTER FOR  EMPLOYEE  OWNERSHIP  "THE
CENTER".
  1. THE CENTER SHALL:
  (A) PROVIDE EDUCATION AND OUTREACH TO INFORM BUSINESS OWNERS ABOUT THE
BENEFITS OF EMPLOYEE OWNERSHIP SUCCESSIONS;
  (B)   ORGANIZE   WORKSHOPS   AND  CONFERENCES  ON  EMPLOYEE  OWNERSHIP
SUCCESSIONS;
  (C) PREPARE AND DISTRIBUTE  MATERIALS  CONCERNING  EMPLOYEE  OWNERSHIP
SUCCESSIONS;
  (D)  PROVIDE  INITIAL  CONSULTATION  TO  BUSINESS OWNERS EXPLORING THE
POSSIBILITY OF TRANSFERRING FULL OR PARTIAL OWNERSHIP TO EMPLOYEES;
  (E) PROVIDE A REFERRAL SERVICE TO HELP  BUSINESS  OWNERS  FIND  LEGAL,
FINANCIAL,  AND  TECHNICAL  ADVICE IN CONNECTION WITH EMPLOYEE OWNERSHIP
SUCCESSIONS;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11177-04-8

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