Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 04, 2020 |
referred to economic development delivered to assembly passed senate |
Feb 24, 2020 |
advanced to third reading |
Feb 13, 2020 |
2nd report cal. |
Feb 12, 2020 |
1st report cal.429 |
Jan 08, 2020 |
referred to corporations, authorities and commissions returned to senate died in assembly |
Jun 17, 2019 |
referred to economic development delivered to assembly passed senate ordered to third reading cal.1417 committee discharged and committed to rules |
Jun 12, 2019 |
print number 2296a |
Jun 12, 2019 |
amend and recommit to corporations, authorities and commissions |
Jan 23, 2019 |
referred to corporations, authorities and commissions |
Senate Bill S2296A
2019-2020 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2019-S2296 - Details
- See Assembly Version of this Bill:
- A1819
- Current Committee:
- Assembly Economic Development
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Amd §16-c, UDC Act
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A8037
2013-2014: A4350
2015-2016: S5737, A4212, A7719
2017-2018: S3218, A491
2021-2022: S571, A6420
2019-S2296 - Sponsor Memo
BILL NUMBER: S2296 SPONSOR: SANDERS TITLE OF BILL: 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 refi- nancing existing debt PURPOSE: Allows businesses to use funds received from minority and women-owned business development and lending program for the purpose of refinancing existing debt. SUMMARY OF PROVISIONS: Section 1. Subparagraphs (vi) and (vii) of paragraph (c) of subdivision 1 of section 16-c of section 1 of chapter 174 of the laws of 1968, constituting the urban development corporation act, as added by chapter
2019-S2296 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2296 2019-2020 Regular Sessions I N S E N A T E January 23, 2019 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D, IP, WF) Senate District
2019-S2296A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1819
- Current Committee:
- Assembly Economic Development
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Amd §16-c, UDC Act
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A8037
2013-2014: A4350
2015-2016: S5737, A4212, A7719
2017-2018: S3218, A491
2021-2022: S571, A6420
2019-S2296A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2296A Revised 3/4/2020 SPONSOR: SANDERS TITLE OF BILL: 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 refi- nancing existing debt PURPOSE: Allows businesses to use funds received from Minority and Women-Owned Business Development and Lending Program of the Empire State Development Corporation for the purpose of refinancing existing debt. SUMMARY OF PROVISIONS: Section 1. Subparagraphs (vi) and (vii) of paragraph (c) of subdivision 1 of section 16-c of section 1 of Chapter 174 of the Laws of 1968, constituting the urban development corporation act, as added by chapter
2019-S2296A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2296--A 2019-2020 Regular Sessions I N S E N A T E January 23, 2019 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions -- 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] (viii) notwithstanding any provision of law to the contrary, establish a minority- and women-owned business investment fund to provide critical EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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