assembly Bill A2310

2019-2020 Legislative Session

Provides small businesses with grants to commercialize energy and environmental technology innovations in-state

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Sponsored By

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

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to small business
Jan 22, 2019 referred to small business

Co-Sponsors

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A2310 (ACTIVE) - Details

Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-bb, UDC Act
Versions Introduced in Other Legislative Sessions:
2013-2014: A8900
2015-2016: A5932
2017-2018: A6110, A9872
2021-2022: A4874

A2310 (ACTIVE) - Summary

Provides small businesses with grants of up to $100,000 to commercialize energy and environmental technology innovations and ideas in-state to stimulate economic development.

A2310 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2310

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2019
                               ___________

Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
  tee on Small Business

AN ACT to amend the New York state urban development corporation act, in
  relation to creating the New York state innovative energy and environ-
  mental technology program

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Legislative  intent.  The  legislature  hereby  finds  and
declares  that  the success of innovative energy and environmental tech-
nology-oriented businesses with growth potential  is  essential  to  the
continued  economic health and security of New York state. It is further
found that the development of new products to assist  mature  industries
undergoing  dramatic changes or facing increasing international competi-
tion with reducing energy costs and complying with  environmental  regu-
lations,  can  serve to retain, and even increase, employment.  However,
commercialization of these products  is  restrained  as  numerous  small
businesses are limited by lack of early stage financing.
  Therefore,  the  legislature seeks to provide early stage funds, via a
grants program, to stimulate the creation of a substantial number of new
businesses and jobs in the  energy  and  environmental  sectors  of  New
York's economy.
  §  2.  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 16-bb to read as follows:
  § 16-BB. NEW YORK STATE INNOVATIVE ENERGY AND ENVIRONMENTAL TECHNOLOGY
PROGRAM. 1. DEFINITIONS. AS USED IN THIS SECTION,  THE  FOLLOWING  WORDS
AND TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  (A)  "INNOVATIVE  ENERGY  TECHNOLOGIES" SHALL MEAN ALL METHODS USED TO
PRODUCE, DISTRIBUTE, CONSERVE AND STORE ENERGY  BY  METHODS  WHICH  HAVE
SIGNIFICANT  POTENTIAL FOR COMMERCIALIZATION, WITH EMPHASIS ON RENEWABLE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06351-01-9