Senate Bill S5923B

2017-2018 Legislative Session

Relates to assistance for certain small businesses

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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Bill Amendments

2017-S5923 - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2019-2020: S9071
2021-2022: S3257
2023-2024: S702, S8495

2017-S5923 - Summary

Relates to assistance for certain small businesses including dry cleaners and those that practice nail specialty for necessary code related improvements.

2017-S5923 - Sponsor Memo

2017-S5923 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5923
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                May 5, 2017
                                ___________
 
 Introduced  by  Sen. PERALTA -- 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, in relation to
   assistance for certain small businesses

   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 the urban development
 corporation act is amended by adding a new  paragraph  (o)  to  read  as
 follows:
   (O)  ASSISTANCE TO SMALL BUSINESSES ENGAGED IN DRY CLEANING OR APPEAR-
 ANCE ENHANCEMENT BUSINESSES WHICH PRACTICE NAIL SPECIALTY TO MAKE  CAPI-
 TAL IMPROVEMENTS THROUGH GRANTS AND FLEXIBLE FINANCING PROGRAMS, INCLUD-
 ING,  BUT NOT LIMITED TO, LOAN LOSS RESERVE AND REVOLVING LOAN PROGRAMS,
 WORKING CAPITAL LOANS, WORKING CAPITAL LOAN GUARANTEES, OR OTHER  FLEXI-
 BLE  FINANCING PROGRAMS THAT LEVERAGE TRADITIONAL FINANCING. SUCH FINAN-
 CIAL ASSISTANCE SHALL BE USED TO ASSIST:   (I) DRY  CLEANING  BUSINESSES
 FOR  THE  PURCHASE AND INSTALLATION OF NON-PERCHLORETHYLENE MACHINES AND
 SPRINKLER SYSTEMS TO COMPLY WITH STATE AND LOCAL CODES, RULES AND  REGU-
 LATIONS;  AND (II) APPEARANCE ENHANCEMENT BUSINESSES WHICH PRACTICE NAIL
 SPECIALTY TO MAKE CAPITAL IMPROVEMENTS AND UPGRADES TO MECHANICAL VENTI-
 LATION SYSTEMS THAT ARE NECESSARY TO  COMPLY  WITH  FEDERAL,  STATE  AND
 LOCAL  INDOOR AIR QUALITY CODES, RULES AND REGULATIONS. THE CORPORATION,
 IN CONSULTATION  WITH  THE  ENVIRONMENTAL  FACILITIES  CORPORATION,  THE
 DEPARTMENT  OF  ENVIRONMENTAL CONSERVATION AND THE DEPARTMENT OF HEALTH,
 SHALL PROMULGATE ALL NECESSARY RULES AND REGULATIONS TO  FACILITATE  AND
 ADMINISTER  SUCH ASSISTANCE PROGRAM. FOR THE PURPOSES OF THIS PARAGRAPH,
 "SMALL BUSINESSES" SHALL HAVE THE SAME MEANING AS DEFINED IN SECTION ONE
 HUNDRED THIRTY-ONE OF THE ECONOMIC DEVELOPMENT LAW.
   § 2. This act shall take effect on the ninetieth day  after  it  shall
 have  become a law; provided, however, the amendments to subdivision one
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2017-S5923A - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2019-2020: S9071
2021-2022: S3257
2023-2024: S702, S8495

2017-S5923A - Summary

Relates to assistance for certain small businesses including dry cleaners and those that practice nail specialty for necessary code related improvements.

2017-S5923A - Sponsor Memo

2017-S5923A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5923--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                May 5, 2017
                                ___________
 
 Introduced  by  Sen. PERALTA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and   Commissions  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN ACT to amend the New York state urban development corporation act, in
   relation to assistance for certain small businesses
 
   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) ASSISTANCE TO SMALL BUSINESSES ENGAGED IN DRY CLEANING OR  APPEAR-
 ANCE  ENHANCEMENT BUSINESSES WHICH PRACTICE NAIL SPECIALTY TO MAKE CAPI-
 TAL IMPROVEMENTS THROUGH GRANTS AND FLEXIBLE FINANCING PROGRAMS, INCLUD-
 ING, BUT NOT LIMITED TO, LOAN LOSS RESERVE AND REVOLVING LOAN  PROGRAMS,
 WORKING  CAPITAL LOANS, WORKING CAPITAL LOAN GUARANTEES, OR OTHER FLEXI-
 BLE FINANCING PROGRAMS THAT LEVERAGE TRADITIONAL FINANCING. SUCH  FINAN-
 CIAL  ASSISTANCE  SHALL  BE USED TO ASSIST:  (I) DRY CLEANING BUSINESSES
 FOR THE PURCHASE AND INSTALLATION OF NON-PERCHLORETHYLENE  MACHINES  AND
 SPRINKLER  SYSTEMS TO COMPLY WITH STATE AND LOCAL CODES, RULES AND REGU-
 LATIONS; AND (II) APPEARANCE ENHANCEMENT BUSINESSES WHICH PRACTICE  NAIL
 SPECIALTY TO MAKE CAPITAL IMPROVEMENTS AND UPGRADES TO MECHANICAL VENTI-
 LATION  SYSTEMS  THAT  ARE  NECESSARY  TO COMPLY WITH FEDERAL, STATE AND
 LOCAL INDOOR AIR QUALITY CODES, RULES AND REGULATIONS. THE  CORPORATION,
 IN  CONSULTATION  WITH  THE  ENVIRONMENTAL  FACILITIES  CORPORATION, THE
 DEPARTMENT OF ENVIRONMENTAL CONSERVATION AND THE DEPARTMENT  OF  HEALTH,
 SHALL  PROMULGATE  ALL NECESSARY RULES AND REGULATIONS TO FACILITATE AND
 ADMINISTER SUCH ASSISTANCE PROGRAM. FOR THE PURPOSES OF THIS  PARAGRAPH,
 "SMALL BUSINESSES" SHALL HAVE THE SAME MEANING AS DEFINED IN SECTION ONE
 HUNDRED THIRTY-ONE OF THE ECONOMIC DEVELOPMENT LAW.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2017-S5923B (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2019-2020: S9071
2021-2022: S3257
2023-2024: S702, S8495

2017-S5923B (ACTIVE) - Summary

Relates to assistance for certain small businesses including dry cleaners and those that practice nail specialty for necessary code related improvements.

2017-S5923B (ACTIVE) - Sponsor Memo

2017-S5923B (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5923--B
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                May 5, 2017
                                ___________
 
 Introduced by Sens. PERALTA, STAVISKY -- read twice and ordered printed,
   and  when  printed  to  be committed to the Committee on Corporations,
   Authorities and Commissions --  committee  discharged,  bill  amended,
   ordered  reprinted  as  amended  and  recommitted to said committee --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee
 
 AN ACT to amend the New York state urban development corporation act, in
   relation to assistance for certain small businesses
 
   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)  ASSISTANCE TO SMALL BUSINESSES ENGAGED IN DRY CLEANING OR APPEAR-
 ANCE ENHANCEMENT BUSINESSES WHICH PRACTICE NAIL SPECIALTY TO MAKE  CAPI-
 TAL IMPROVEMENTS THROUGH GRANTS AND FLEXIBLE FINANCING PROGRAMS, INCLUD-
 ING,  BUT NOT LIMITED TO, LOAN LOSS RESERVE AND REVOLVING LOAN PROGRAMS,
 WORKING CAPITAL LOANS, WORKING CAPITAL LOAN GUARANTEES, OR OTHER  FLEXI-
 BLE  FINANCING PROGRAMS THAT LEVERAGE TRADITIONAL FINANCING. SUCH FINAN-
 CIAL ASSISTANCE SHALL BE USED TO ASSIST:   (I) DRY  CLEANING  BUSINESSES
 FOR  THE  PURCHASE AND INSTALLATION OF NON-PERCHLORETHYLENE MACHINES AND
 SPRINKLER SYSTEMS TO COMPLY WITH STATE AND LOCAL CODES, RULES AND  REGU-
 LATIONS;  AND (II) APPEARANCE ENHANCEMENT BUSINESSES WHICH PRACTICE NAIL
 SPECIALTY TO MAKE CAPITAL IMPROVEMENTS AND UPGRADES TO MECHANICAL VENTI-
 LATION SYSTEMS THAT ARE NECESSARY TO  COMPLY  WITH  FEDERAL,  STATE  AND
 LOCAL  INDOOR AIR QUALITY CODES, RULES AND REGULATIONS. THE CORPORATION,
 IN CONSULTATION  WITH  THE  ENVIRONMENTAL  FACILITIES  CORPORATION,  THE
 DEPARTMENT  OF  ENVIRONMENTAL CONSERVATION AND THE DEPARTMENT OF HEALTH,
 SHALL PROMULGATE ALL NECESSARY RULES AND REGULATIONS TO  FACILITATE  AND
 ADMINISTER  SUCH ASSISTANCE PROGRAM. FOR THE PURPOSES OF THIS PARAGRAPH,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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