Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 08, 2020 |
referred to corporations, authorities and commissions |
Jan 09, 2019 |
referred to corporations, authorities and commissions |
Senate Bill S821
2019-2020 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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
2019-S821 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Amd §16-m, UDC Act; amd §213, St Fin L
- Versions Introduced in 2017-2018 Legislative Session:
-
S8548
2019-S821 (ACTIVE) - Sponsor Memo
BILL NUMBER: S821 SPONSOR: BOYLE TITLE OF BILL: An act to amend the urban development corporation act and the state finance law, in relation to businesses impacted or dislocated by state and local infrastructure projects PURPOSE OR GENERAL IDEA OF BILL: This legislation would allow for qualifying small businesses to receive loans or grants under the Economic Development Fund and low-interest loans through the linked deposit program in order to mitigate any impact state or local infrastructure projects might have had on such busi- nesses. SUMMARY OF PROVISIONS: Section one amends the Urban Development Corporation Act by adding the ability for businesses impacted by state or local infrastructure
2019-S821 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 821 2019-2020 Regular Sessions I N S E N A T E January 9, 2019 ___________ Introduced by Sen. BOYLE -- 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 and the state finance law, in relation to businesses impacted or dislocated by state and local infrastructure projects 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) LOANS, LOAN GUARANTEES AND GRANTS INCLUDING INTEREST SUBSIDY GRANTS TO BUSINESSES IMPACTED OR DISLOCATED BY STATE AND LOCAL INFRAS- TRUCTURE PROJECTS INCLUDING, BUT NOT LIMITED TO, HIGHWAY, BRIDGE, WATER TREATMENT AND SEWER PROJECTS. § 2. Subdivision 11 of section 213 of the state finance law is amended by adding a new paragraph (h) to read as follows: (H) ANY BUSINESS THAT IS SIGNIFICANTLY IMPACTED OR DISLOCATED BY STATE AND LOCAL INFRASTRUCTURE PROJECTS INCLUDING, BUT NOT LIMITED TO, HIGH- WAY, BRIDGE, WATER TREATMENT AND SEWER PROJECTS, IS INDEPENDENTLY OWNED AND OPERATED, EMPLOYS ONE HUNDRED OR FEWER PERSONS ON A FULL-TIME BASIS WITHIN THE STATE, AND BY SEEKING FINANCING THROUGH THE PROGRAM OR A PROJECT, WILL RESULT IN THE RETENTION OR CREATION OF PERMANENT PRIVATE SECTOR JOBS WITHIN THE STATE. § 3. This act shall take effect immediately; provided, however, that the amendments to section 16-m of the 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06025-01-9
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