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Assembly Bill A10620A

2019-2020 Legislative Session

Directs the Empire State Development Corporation to allow small businesses, nonprofits, and landlords impacted by 2020 civil rights demonstrations and related civil unrest access to the New York Forward Loan Fund

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

2019-A10620 - Details

Current Committee:
Assembly Economic Development
Law Section:
Economic Development

2019-A10620 - Summary

Authorizes and directs the Empire State Development Corporation to allow small businesses, nonprofits, and landlords impacted by 2020 demonstrations and related civil unrest involving property damage, vandalism, and theft or vandalism for unknown reasons to be eligible for loans under the New York Forward Loan Fund.

2019-A10620 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10620
 
                           I N  A S S E M B L Y
 
                               June 10, 2020
                                ___________
 
 Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Sayegh) --
   read once and referred to the Committee on Economic Development
 
 AN ACT directing the Empire State Development Corporation to allow small
   businesses, nonprofits, and landlords impacted by  2020  civil  rights
   demonstrations  and  related  civil  unrest involving property damage,
   vandalism, and theft to be eligible  for  loans  under  the  New  York
   Forward Loan Fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The Empire State Development Corporation is authorized  and
 directed  to  allow  small  businesses  as defined in section 131 of the
 economic development law, organizations organized under  the  non-profit
 or  not-for-profit  laws  of  this  state,  and possessing a federal tax
 exemption under section 501(c) of  the  Internal  Revenue  Code  of  the
 United  States,  and  landlords  impacted by the 2020 demonstrations and
 related civil unrest which began on May 27,  2020  to  be  eligible  for
 loans under the New York Forward Loan Fund.
   § 2. This act shall take effect immediately.
 
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16613-02-0

co-Sponsors

2019-A10620A (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
Economic Development

2019-A10620A (ACTIVE) - Summary

Authorizes and directs the Empire State Development Corporation to allow small businesses, nonprofits, and landlords impacted by 2020 demonstrations and related civil unrest involving property damage, vandalism, and theft or vandalism for unknown reasons to be eligible for loans under the New York Forward Loan Fund.

2019-A10620A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                 10620--A
 
                           I N  A S S E M B L Y
 
                               June 10, 2020
                                ___________
 
 Introduced  by  COMMITTEE  ON  RULES  -- (at request of M. of A. Sayegh,
   Griffin, Paulin, Bronson, Galef,  Byrne,  Giglio)  --  read  once  and
   referred  to  the  Committee  on  Economic  Development  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT directing the Empire State Development Corporation to allow small
   businesses, nonprofits, and landlords impacted by  2020  civil  rights
   demonstrations  and  related  civil  unrest involving property damage,
   vandalism, and theft or vandalism for unknown reasons to  be  eligible
   for loans under the New York Forward Loan Fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The Empire State Development Corporation is authorized  and
 directed  to  allow  small  businesses  as defined in section 131 of the
 economic development law, organizations organized under  the  non-profit
 or  not-for-profit  laws  of  this  state,  and possessing a federal tax
 exemption under section 501(c) of  the  Internal  Revenue  Code  of  the
 United  States,  and  landlords impacted by: (a) the 2020 demonstrations
 and related civil unrest which began on May 27, 2020 involving  property
 damage, vandalism, and theft; or (b) vandalism for unknown reasons to be
 eligible for loans under the New York Forward Loan Fund.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16613-03-0

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