Assembly Bill A10294A

Signed By Governor
2019-2020 Legislative Session

Establishes a state disaster emergency loan program

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Sponsored By

Archive: Last Bill Status Via S8181 - Signed by Governor


  • 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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Votes

Bill Amendments

co-Sponsors

2019-A10294 - Details

See Senate Version of this Bill:
S8181
Law Section:
General Municipal Law
Laws Affected:
Amd §858, add §859-c, Gen Muni L

2019-A10294 - Summary

Establishes a state disaster emergency loan program to be administered by industrial development agencies for small businesses and small not-for-profit corporations.

2019-A10294 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10294
 
                           I N  A S S E M B L Y
 
                              April 15, 2020
                                ___________
 
 Introduced by M. of A. STIRPE -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN  ACT to amend the public authorities law, in relation to establishing
   the industrial development agency public  health  state  of  emergency
   loan program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Article 9 of the  public  authorities  law  is  amended  by
 adding a new title 7-A to read as follows:
                                 TITLE 7-A
                INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH
                      STATE OF EMERGENCY LOAN PROGRAM
 SECTION 2928. INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH STATE OF 
                 EMERGENCY LOAN PROGRAM.
   § 2928. INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH STATE OF EMERGENCY
 LOAN  PROGRAM.  1.  DEFINITIONS.  AS USED IN THIS SECTION, THE FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   (A) "AFFECTED BUSINESS OR ORGANIZATION"  MEANS  AND  INCLUDES  BOTH  A
 SMALL  BUSINESS  AND  A SMALL NOT-FOR-PROFIT ORGANIZATION LOCATED WITHIN
 THIS STATE DURING A STATE OF EMERGENCY;
   (B) "GRACE PERIOD" MEANS THE SIXTY-DAY PERIOD AFTER A STATE  OF  EMER-
 GENCY IS OVER;
   (C)  "INDUSTRIAL  DEVELOPMENT  AGENCY"  OR  "IDA" MEANS ANY INDUSTRIAL
 DEVELOPMENT AGENCY ESTABLISHED PURSUANT TO THIS CHAPTER, BY SPECIAL  ACT
 OR BY ANY OTHER PROVISION OF LAW.
   (D) "SMALL BUSINESS" MEANS A BUSINESS WITH NOT MORE THAN FIFTY EMPLOY-
 EES;
   (E)  "SMALL NOT-FOR-PROFIT ORGANIZATION" MEANS A NOT-FOR-PROFIT ORGAN-
 IZATION WITH NOT MORE THAN FIFTY EMPLOYEES; AND
   (F) "STATE OF EMERGENCY" MEANS THE PERIOD BEGINNING WITH A DECLARATION
 BY THE GOVERNOR THAT A PUBLIC HEALTH STATE OF EMERGENCY EXISTS.
   2. INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH STATE OF EMERGENCY LOAN
 PROGRAM. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, ANY IDA MAY  ADMIN-
 ISTER  AN INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH STATE OF EMERGENCY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

co-Sponsors

2019-A10294A (ACTIVE) - Details

See Senate Version of this Bill:
S8181
Law Section:
General Municipal Law
Laws Affected:
Amd §858, add §859-c, Gen Muni L

2019-A10294A (ACTIVE) - Summary

Establishes a state disaster emergency loan program to be administered by industrial development agencies for small businesses and small not-for-profit corporations.

2019-A10294A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                 10294--A
 
                           I N  A S S E M B L Y
 
                              April 15, 2020
                                ___________
 
 Introduced  by  M.  of  A. STIRPE, OTIS -- read once and referred 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 general municipal law, in relation to establishing a
   state disaster emergency loan program; and providing for the repeal of
   such provisions upon the expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivisions 16 and 17 of section 858 of the general munic-
 ipal law, as added by chapter 1030 of the laws of 1969 and as renumbered
 by chapter 356 of the laws of 1993, are amended to read as follows:
   (16) To establish and re-establish its fiscal year; [and]
   (17) TO PROVIDE LOANS TO SMALL  BUSINESSES  OR  NOT-FOR-PROFIT  CORPO-
 RATIONS  AS  AUTHORIZED  IN  SECTION  EIGHT HUNDRED FIFTY-NINE-C OF THIS
 TITLE; AND
   (18) TO PROVIDE GRANTS TO SMALL BUSINESSES AND  NOT-FOR-PROFIT  CORPO-
 RATIONS, AS DEFINED IN SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE,
 FOR THE PURPOSE OF ACQUIRING PERSONAL PROTECTIVE EQUIPMENT OR INSTALLING
 FIXTURES NECESSARY TO PREVENT THE SPREAD OF NOVEL CORONAVIRUS, COVID-19,
 DURING  THE PERIOD IN WHICH EXECUTIVE ORDER TWO HUNDRED TWO OF TWO THOU-
 SAND TWENTY, AS AMENDED, IS IN EFFECT. IN ORDER TO  BE  ELIGIBLE  FOR  A
 GRANT  PURSUANT  TO THIS SUBDIVISION, A SMALL BUSINESS OR NOT-FOR-PROFIT
 CORPORATION MUST MEET THE REQUIREMENTS OF  PARAGRAPH  A  OF  SUBDIVISION
 THREE  OF  SECTION  EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE.  NO INDUS-
 TRIAL DEVELOPMENT AGENCY MAY PROVIDE A SMALL BUSINESS OR  NOT-FOR-PROFIT
 CORPORATION  WITH MORE THAN TEN THOUSAND DOLLARS PURSUANT TO THIS SUBDI-
 VISION; AND
   (19) To do all  things  necessary  or  convenient  to  carry  out  its
 purposes and exercise the powers expressly given in this title.
   §  2.  The  general  municipal  law is amended by adding a new section
 859-c to read as follows:
   § 859-C. STATE DISASTER EMERGENCY LOAN PROGRAM.   1. FOR  PURPOSES  OF
 THIS SECTION:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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