Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 07, 2018 |
tabled vetoed memo.274 |
Nov 26, 2018 |
delivered to governor |
Jun 18, 2018 |
returned to assembly passed senate 3rd reading cal.1849 substituted for s6855a |
Jun 18, 2018 |
substituted by a2804a ordered to third reading cal.1849 committee discharged and committed to rules |
Jun 13, 2018 |
print number 6855a |
Jun 13, 2018 |
amend and recommit to corporations, authorities and commissions |
Jan 03, 2018 |
referred to corporations, authorities and commissions |
Aug 21, 2017 |
referred to rules |
Senate Bill S6855A
Vetoed By Governor2017-2018 Legislative Session
Sponsored By
(D) 36th Senate District
Archive: Last Bill Status Via A2804 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2017-S6855 - Details
2017-S6855 - Sponsor Memo
BILL NUMBER: S6855 TITLE OF BILL : An act to amend the New York state urban development corporation act and the economic development law, in relation to the creation of micro-business worker cooperatives upon transfer of ownership PURPOSE OR GENERAL IDEA OF BILL : This bill would provide for assistance in the creation of micro-business worker cooperatives upon transfer of ownership of an existing business. SUMMARY OF PROVISIONS : This bill would add a new paragraph (o) to subdivision 1 of section 16-m of the New York State Urban Development Corporation Act that would make micro-business worker cooperatives upon transfer of ownership of an existing business, eligible to apply for assistance under the Economic Development Fund. Further, this legislation would amend section 104-a of the Economic Development Law relating to Department of Economic Development to provide assistance to micro-business worker cooperatives by expanding the State entities that the Department must work in cooperation with to include Office for New Americans and the Empire State Development
2017-S6855 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6855 2017-2018 Regular Sessions I N S E N A T E August 21, 2017 ___________ Introduced by Sen. BAILEY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the New York state urban development corporation act and the economic development law, in relation to the creation of micro-bu- siness worker cooperatives upon transfer of ownership 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 ELIGIBLE ENTITIES PURSUANT TO ARTICLE FIVE-A OF THE COOPERATIVE CORPORATIONS LAW TO PROVIDE FINANCING IN THE FORM OF LOANS, LOAN GUARANTEES, AND INTEREST SUBSIDY GRANTS TO SUBSIDIZE LOANS FROM FEDERALLY CHARTERED INSTRUMENTALITIES AND STATE AND PRIVATE LENDING INSTITUTIONS TO FACILITATE THE CREATION OF WORKER COOPERATIVES THAT PROMOTE CONTINUATION OF EXISTING MICRO-BUSINESSES EITHER AS A PART OF A PREEXISTING BUSINESS SUCCESSION OF OWNERSHIP PLAN OR AS ALTERNATIVE OPTION IF A BUSINESS IS BEING OFFERED FOR SALE OR TRANSFER BY THE CURRENT OWNER OR THE HEIRS OR ESTATE OF A DECEASED OWNER. FOR THE PURPOSES OF THIS SECTION, A MICRO-BUSINESS SHALL BE DEFINED AS A BUSI- NESS WITH FIVE OR LESS FULL-TIME OR FULL-TIME EQUIVALENT EMPLOYEES. ALL ELIGIBLE ENTITIES SHALL BE REQUIRED TO SUBMIT A BUSINESS PLAN WITH THEIR APPLICATION REQUESTING ASSISTANCE. § 2. The opening paragraph of section 104-a of the economic develop- ment law, as added by chapter 788 of the laws of 1983, is amended to read as follows: With respect to employee ownership assistance loans provided for in subtitle six of title eight of article eight of the public authorities law AND PARAGRAPH (O) OF SUBDIVISION ONE OF SECTION SIXTEEN-M OF SECTION ONE OF CHAPTER ONE HUNDRED SEVENTY-FOUR OF THE LAWS OF NINETEEN HUNDRED EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2017-S6855A (ACTIVE) - Details
2017-S6855A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6855A SPONSOR: BAILEY TITLE OF BILL: An act to amend the New York state urban development corporation act and the economic development law, in relation to the creation of micro-busi- ness worker cooperatives upon transfer of ownership PURPOSE OR GENERAL IDEA OF BILL: This bill would provide for assistance in the creation of micro-business worker cooperatives upon transfer of ownership of an existing business. SUMMARY OF PROVISIONS: This bill would add a new paragraph (o) to subdivision 1 of section 16-m of the New York State Urban Development Corporation Act that would make micro-business worker cooperatives upon transfer of ownership of an existing business, eligible to apply for assistance under the Economic Development Fund.
2017-S6855A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6855--A 2017-2018 Regular Sessions I N S E N A T E August 21, 2017 ___________ Introduced by Sen. BAILEY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- recommitted to the Committee on Corporations, Authorities and Commissions in accord- ance with Senate Rule 6, sec. 8 -- 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 and the economic development law, in relation to the creation of micro-bu- siness worker cooperatives upon transfer of ownership 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 ELIGIBLE ENTITIES PURSUANT TO ARTICLE FIVE-A OF THE COOPERATIVE CORPORATIONS LAW TO PROVIDE FINANCING IN THE FORM OF LOANS, LOAN GUARANTEES, AND INTEREST SUBSIDY GRANTS TO SUBSIDIZE LOANS FROM FEDERALLY CHARTERED INSTRUMENTALITIES AND STATE AND PRIVATE LENDING INSTITUTIONS TO FACILITATE THE CREATION OF WORKER COOPERATIVES THAT PROMOTE CONTINUATION OF EXISTING MICRO-BUSINESSES EITHER AS A PART OF A PREEXISTING BUSINESS SUCCESSION OF OWNERSHIP PLAN OR AS ALTERNATIVE OPTION IF A BUSINESS IS BEING OFFERED FOR SALE OR TRANSFER BY THE CURRENT OWNER OR THE HEIRS OR ESTATE OF A DECEASED OWNER. FOR THE PURPOSES OF THIS SECTION, A MICRO-BUSINESS SHALL BE DEFINED AS A BUSI- NESS WITH FIVE OR LESS FULL-TIME OR FULL-TIME EQUIVALENT EMPLOYEES. ALL ELIGIBLE ENTITIES SHALL BE REQUIRED TO SUBMIT A BUSINESS PLAN WITH THEIR APPLICATION REQUESTING ASSISTANCE. § 2. The opening paragraph of section 104-a of the economic develop- ment law, as added by chapter 788 of the laws of 1983, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08416-09-8
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