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Senate Bill S8110

2019-2020 Legislative Session

Establishes the small business containment assistance program; and making an appropriation therefor

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Archive: Last Bill Status - In Senate Committee Finance Committee

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2019-S8110 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Appropriations
Laws Affected:
Add §139-a, Ec Dev L

2019-S8110 (ACTIVE) - Summary

Establishes the small business containment assistance program; and making an appropriation therefor.

2019-S8110 (ACTIVE) - Sponsor Memo

2019-S8110 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8110
 
                             I N  S E N A T E
 
                              March 23, 2020
                                ___________
 
 Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 AN ACT to amend the economic development law, in relation to  establish-
   ing  the  small business containment assistance program; and making an
   appropriation therefor
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  economic  development law is amended by adding a new
 section 139-a to read as follows:
   § 139-A. SMALL BUSINESS CONTAINMENT ASSISTANCE  PROGRAM.  SMALL  BUSI-
 NESSES  WITH TEN EMPLOYEES OR LESS THAT ARE LOCATED WITHIN THE CORONAVI-
 RUS, COVID-19 CONTAINMENT AREA OF NEW YORK STATE AS  DESIGNATED  BY  THE
 GOVERNOR ON MARCH TENTH, TWO THOUSAND TWENTY SHALL BE ENTITLED TO GRANTS
 UP  TO  A  MAXIMUM OF TEN THOUSAND DOLLARS PER BUSINESS FOR COMPENSATION
 FOR LOST REVENUE TO ASSIST WITH PAYMENT  OF  RENT  AND  OTHER  OPERATING
 EXPENSES INCLUDING PAYROLL.
   §  2.  The sum of one million dollars ($1,000,000), or so much thereof
 as may be necessary, is hereby appropriated to the department  of  state
 out of any moneys in the state treasury in the general fund to the cred-
 it  of  the small business containment assistance program, not otherwise
 appropriated, and made immediately available, for the purpose of  carry-
 ing  out the provisions of this act. Such moneys shall be payable on the
 audit and warrant of the comptroller on vouchers certified  or  approved
 by the department of state in the manner prescribed by law.
   § 3. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15915-02-0

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