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Assembly Bill A7309

2019-2020 Legislative Session

Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding

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Archive: Last Bill Status - In Assembly Committee

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2019-A7309 (ACTIVE) - Details

See Senate Version of this Bill:
S2846
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §1854, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9983, S6544
2015-2016: A5995, S3082
2017-2018: A4499, S3144

2019-A7309 (ACTIVE) - Summary

Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding.

2019-A7309 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7309
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 22, 2019
                                ___________
 
 Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to requiring the
   payment of small business grants within one  hundred  twenty  days  of
   notification of such funding

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 14 of section 1854 of  the  public  authorities
 law,  as  added by chapter 83 of the laws of 1995, is amended to read as
 follows:
   14. (A) To apply for and to administer federal research  and  develop-
 ment grants and other monies for the benefit of consumers.
   (B)  TO  MAKE  PAYMENTS TO SMALL BUSINESSES, AS DEFINED BY SUBDIVISION
 EIGHT OF SECTION ONE HUNDRED TWO OF THE STATE  ADMINISTRATIVE  PROCEDURE
 ACT,  FOR  GRANTS  ADMINISTERED BY THE AUTHORITY. PAYMENT OF SUCH GRANTS
 SHALL BE MADE NO LATER THAN ONE HUNDRED TWENTY DAYS  AFTER  NOTIFICATION
 OF SUCH FUNDING AWARD.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01620-01-9

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