Senate Bill S5685

2017-2018 Legislative Session

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

download bill text pdf

Sponsored By

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

2017-S5685 - 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 §3032, Ed L; amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2019-2020: S2184
2021-2022: S3313
2023-2024: S962

2017-S5685 - Summary

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

2017-S5685 - Sponsor Memo

2017-S5685 - 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  Section 104-a of the economic development law is REPEALED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

2017-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 §3032, Ed L; amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2019-2020: S2184
2021-2022: S3313
2023-2024: S962

2017-S5685A (ACTIVE) - Summary

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

2017-S5685A (ACTIVE) - Sponsor Memo

2017-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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