Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 27, 2018 |
referred to rules |
Senate Bill S9140
2017-2018 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
2017-S9140 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Add §53, UDC Act; amd §100, Ec Dev L
2017-S9140 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9140 SPONSOR: BOYLE 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 a searchable database PURPOSE OF THE BILL: This bill would require the Urban Development Corporation to create and maintain a searchable State subsidy and economic development benefits database. SUMMARY OF SPECIFIC PROVISIONS: This bill would require the Urban Development Corporation with the Commissioner of Economic Development to establish a searchable State subsidy and economic development benefits database. The database would include the name and location of the participant, the time span of received economic development benefits, the type of benefit received, the total number of employees at all sites of a project, the number of
2017-S9140 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9140 I N S E N A T E July 27, 2018 ___________ Introduced by Sen. BOYLE -- 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 a search- able database THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 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 section 53 to read as follows: § 53. REPORTING. (1) DEFINITIONS. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN AND INCLUDE THE FOLLOW- ING: (I) AVAILABLE STATE RESOURCES AND/OR FUNDS INCLUDING, BUT NOT LIMITED TO, STATE GRANTS, LOANS, LOAN GUARANTEES, LOAN INTEREST SUBSIDIES, AND/OR SUBSIDIES; AND/OR (II) TAX CREDITS, TAX EXEMPTIONS OR REDUCED TAX RATES AND/OR BENEFITS WHICH ARE APPLIED FOR AND PREAPPROVED OR CERTIFIED BY A STATE AGENCY; AND (A-1) "EMPIRE STATE ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN THOSE ECONOMIC DEVELOPMENT BENEFITS MADE AVAILABLE TO THE URBAN DEVELOPMENT CORPORATION AND/OR THE DEPARTMENT OF ECONOMIC DEVELOPMENT TO AWARD SUCH BENEFITS TO QUALIFIED RECIPIENTS, OR THOSE ECONOMIC DEVELOPMENT BENEFITS WHICH ARE ALLOCATED TO THE CORPORATION AND/OR SUCH DEPARTMENT BUT ARE SUBSEQUENTLY ALLOCATED TO ANOTHER STATE AGENCY OR OTHER INDEPENDENT ENTITIES FOR THEM TO MAKE SUCH AWARDS TO QUALIFIED RECIPIENTS; (A-2) "AGGREGATE ECONOMIC DEVELOPMENT BENEFITS" SHALL MEAN THOSE BENE- FITS PROVIDED FOR IN PARAGRAPHS (A) AND (A-1) OF THIS SUBDIVISION AND DISPLAYED SEPARATELY IN THE DATABASE CREATED PURSUANT TO SUBDIVISION TWO OF THIS SECTION; (B) "QUALIFIED PARTICIPANT" SHALL MEAN AN INDIVIDUAL, BUSINESS, LIMIT- ED LIABILITY CORPORATION OR ANY OTHER ENTITY THAT HAS APPLIED FOR AND RECEIVED APPROVAL FOR AND/OR IS THE BENEFICIARY OF, ANY AGGREGATE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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