Senate Bill S8884

2019-2020 Legislative Session

Creates the federal contract workers assistance program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules 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

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2019-S8884 (ACTIVE) - Details

See Assembly Version of this Bill:
A5470
Current Committee:
Senate Rules
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§450 - 452, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2021-2022: S3766
2023-2024: S1704

2019-S8884 (ACTIVE) - Summary

Creates the federal contract workers assistance program to permit the state to provide loans to certain small businesses affected by the federal government shutdown.

2019-S8884 (ACTIVE) - Sponsor Memo

2019-S8884 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8884
 
                             I N  S E N A T E
 
                              August 7, 2020
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the economic development law, in  relation  to  creating
   the federal contract workers assistance program
 
   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
 article 23 to read as follows:
                                ARTICLE 23
                         FEDERAL CONTRACT WORKERS
                            ASSISTANCE PROGRAM
 SECTION 450. ELIGIBILITY CRITERIA.
         451. APPLICATION AND APPROVAL PROCESS.
         452. FEDERAL CONTRACT WORKER ASSISTANCE PROGRAM.
   § 450. ELIGIBILITY CRITERIA. 1. IN ORDER TO PARTICIPATE IN THE FEDERAL
 CONTRACT  WORKERS ASSISTANCE PROGRAM, A BUSINESS ENTITY MUST SATISFY THE
 FOLLOWING CRITERIA:
   (A) THE BUSINESS ENTITY MUST BE A SMALL BUSINESS;
   (B) THE BUSINESS ENTITY MUST  DEMONSTRATE  THAT  IT  CURRENTLY  HAS  A
 CONTRACT WITH THE FEDERAL GOVERNMENT; AND
   (C)  THE BUSINESS ENTITY MUST DEMONSTRATE THAT THEIR BUSINESS HAS BEEN
 NEGATIVELY AFFECTED FINANCIALLY DUE TO A FEDERAL GOVERNMENT SHUTDOWN.
   2. FOR PURPOSES OF THIS ARTICLE THE TERM "SMALL BUSINESS"  SHALL  HAVE
 THE SAME MEANING AS SECTION ONE HUNDRED THIRTY-ONE OF THIS CHAPTER.
   §  451.  APPLICATION  AND  APPROVAL PROCESS. 1. A BUSINESS ENTITY MUST
 SUBMIT A COMPLETED APPLICATION IN SUCH FORM AND WITH SUCH INFORMATION AS
 PRESCRIBED BY THE COMMISSIONER.
   2. AS PART OF SUCH APPLICATION, EACH BUSINESS ENTITY MUST:
   (A) PROVIDE SUCH DOCUMENTATION AS  THE  COMMISSIONER  MAY  REQUIRE  IN
 ORDER  FOR  THE  COMMISSIONER  TO  DETERMINE THAT THE BUSINESS ENTITY IS
 ELIGIBLE FOR THE PROGRAM;
   (B) AGREE TO ALLOW THE DEPARTMENT OF TAXATION AND FINANCE TO SHARE ITS
 TAX INFORMATION WITH THE DEPARTMENT. HOWEVER, ANY INFORMATION SHARED  AS
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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