S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2241
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2019
                                ___________
 
 Introduced  by  M. of A. KIM, VANEL, D'URSO -- read once and referred to
   the Committee on Small Business
 
 AN ACT to amend the New York state urban development corporation act, in
   relation to assistance for certain small businesses
 
   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 SMALL BUSINESSES ENGAGED IN DRY CLEANING OR  APPEAR-
 ANCE  ENHANCEMENT BUSINESSES WHICH PRACTICE NAIL SPECIALTY TO MAKE CAPI-
 TAL IMPROVEMENTS THROUGH GRANTS AND FLEXIBLE FINANCING PROGRAMS, INCLUD-
 ING, BUT NOT LIMITED TO, LOAN LOSS RESERVE AND REVOLVING LOAN  PROGRAMS,
 WORKING  CAPITAL LOANS, WORKING CAPITAL LOAN GUARANTEES, OR OTHER FLEXI-
 BLE FINANCING PROGRAMS THAT LEVERAGE TRADITIONAL FINANCING. SUCH  FINAN-
 CIAL  ASSISTANCE  SHALL  BE USED TO ASSIST:  (I) DRY CLEANING BUSINESSES
 FOR THE PURCHASE AND INSTALLATION OF NON-PERCHLORETHYLENE  MACHINES  AND
 SPRINKLER  SYSTEMS TO COMPLY WITH STATE AND LOCAL CODES, RULES AND REGU-
 LATIONS; AND (II) APPEARANCE ENHANCEMENT BUSINESSES WHICH PRACTICE  NAIL
 SPECIALTY TO MAKE CAPITAL IMPROVEMENTS AND UPGRADES TO MECHANICAL VENTI-
 LATION  SYSTEMS  THAT  ARE  NECESSARY  TO COMPLY WITH FEDERAL, STATE AND
 LOCAL INDOOR AIR QUALITY CODES, RULES AND REGULATIONS. THE  CORPORATION,
 IN  CONSULTATION  WITH  THE  ENVIRONMENTAL  FACILITIES  CORPORATION, THE
 DEPARTMENT OF ENVIRONMENTAL CONSERVATION AND THE DEPARTMENT  OF  HEALTH,
 SHALL  PROMULGATE  ALL NECESSARY RULES AND REGULATIONS TO FACILITATE AND
 ADMINISTER SUCH ASSISTANCE PROGRAM. FOR THE PURPOSES OF THIS  PARAGRAPH,
 "SMALL BUSINESSES" SHALL HAVE THE SAME MEANING AS DEFINED IN SECTION ONE
 HUNDRED THIRTY-ONE OF THE ECONOMIC DEVELOPMENT LAW.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law; provided, however, the amendments to subdivision  one
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD03964-01-9

 A. 2241                             2
 
 of section 16-m of section 1 of chapter 174 of the laws of 1968, consti-
 tuting  the  New  York  state urban development corporation act, made by
 section one of this act, shall not affect the expiration of such section
 and  shall  be  deemed  to expire therewith; provided, further, however,
 that effective immediately, the addition, amendment,  and/or  repeal  of
 any  rule  or regulation necessary for the implementation of this act on
 its effective date are authorized to be made and completed on or  before
 such effective date.