Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Mar 13, 2020 | print number 1819a |
Mar 13, 2020 | amend and recommit to economic development |
Jan 08, 2020 | referred to economic development |
Jan 17, 2019 | referred to economic development |
Archive: Last Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Bill Amendments
Co-Sponsors
Crystal Peoples-Stokes
Robin Schimminger
Karines Reyes
A1819 - Details
A1819 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1819 2019-2020 Regular Sessions I N A S S E M B L Y January 17, 2019 ___________ Introduced by M. of A. BICHOTTE, PEOPLES-STOKES, SCHIMMINGER -- read once and referred to the Committee on Economic Development AN ACT to amend the urban development corporation act, in relation to allowing businesses to use funds received from the minority and women-owned business development and lending program for the purpose of refinancing existing debt THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraphs (vi) and (vii) of paragraph (c) of subdivi- sion 1 of section 16-c of section 1 of chapter 174 of the laws of 1968, constituting the urban development corporation act, as amended by section 1 of part AA of chapter 55 of the laws of 2014, are amended to read as follows: (vi) overnight lodging facilities[; (vii) refinancing of debt or equity invested in an enterprise or project]. § 2. Subparagraphs (vii) and (viii) of paragraph (d) of subdivision 1 of section 16-c of section 1 of chapter 174 of the laws of 1968, consti- tuting the urban development corporation act, subparagraph (vii) as amended and subparagraph (viii) as added by section 1 of part AA of chapter 55 of the laws of 2014, are amended and a new subparagraph (ix) is added to read as follows: (vii) establish a comprehensive technical assistance program in coop- eration with the department of economic development to assist minority- and women-owned businesses and potential minority and women-entrepren- eurs; [and] (viii) notwithstanding any provision of law to the contrary, establish a minority- and women-owned business investment fund to provide critical financial support to foster the development of new and emerging ideas and products of minority- and women-owned business enterprises as well as to promote the long-term financial performance and success of early EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Co-Sponsors
Crystal Peoples-Stokes
Robin Schimminger
Karines Reyes
A1819A (ACTIVE) - Details
A1819A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1819--A 2019-2020 Regular Sessions I N A S S E M B L Y January 17, 2019 ___________ Introduced by M. of A. BICHOTTE, PEOPLES-STOKES, SCHIMMINGER, REYES -- read once and referred to the Committee on Economic Development -- recommitted to the Committee on Economic Development in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the urban development corporation act, in relation to allowing businesses to use funds received from the minority and women-owned business development and lending program for the purpose of refinancing existing debt THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (vii) of paragraph (c) of subdivision 1 of section 16-c of section 1 of chapter 174 of the laws of 1968, constitut- ing the urban development corporation act, as amended by section 1 of part AA of chapter 55 of the laws of 2014, is amended to read as follows: (vii) refinancing of debt or equity invested in an enterprise or project, UNLESS THE CHAIRPERSON OF THE CORPORATION FINDS THE TERMS OF THE ORIGINAL DEBT TO BE UNREASONABLE AS PROVIDED IN SUBPARAGRAPH (IX) OF PARAGRAPH (D) OF THIS SUBDIVISION. § 2. Subparagraphs (vii) and (viii) of paragraph (d) of subdivision 1 of section 16-c of section 1 of chapter 174 of the laws of 1968, consti- tuting the urban development corporation act, subparagraph (vii) as amended and subparagraph (viii) as added by section 1 of part AA of chapter 55 of the laws of 2014, are amended and a new subparagraph (ix) is added to read as follows: (vii) establish a comprehensive technical assistance program in coop- eration with the department of economic development to assist minority- and women-owned businesses and potential minority and women-entrepren- eurs; [and] EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00792-03-9