NY State Senate Bill 2019-S8110

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

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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 23, 2020	referred to finance

co-Sponsors

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

                                
 
BILL NUMBER: S8110

SPONSOR: MAYER
 
TITLE OF BILL:

An act to amend the economic development law, in relation to establish-
ing the small business containment assistance program; and making an
appropriation therefor

 
PURPOSE OR GENERAL IDEA OF THE BILL:

To provide small businesses within the novel coronavirus, COVID-19
designated containment area grants up to $10,000 per business to help
offset lost revenue due to the impact of being located within the zone.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section one of the bill adds a new section 139-a to economic development
law to provide grants to small businesses with ten employees or less to
help pay for rent and other operating expenses including payroll due to
the impact of the designated containment area as a response to the novel

coronavirus, COVID-19.

Section two appropriates $1,000,000 to the State Department of State to
award grants to impacted small businesses.

Section three of the bill sets the effective date.

 
JUSTIFICATION:

Small businesses are experiencing unprecedented losses due to the impact
of being located in the designated containment zone in Westchester Coun-
ty due to the coronavirus, COVID-19.  While the designated containment
area is intended to abate the rise of the novel coronavirus, COVID-19,
small businesses are inadvertently impacted by revenue losses due to the
decline in activity.  This legislation will provide relief to small
businesses in the impacted containment zone as they grapple with the
economic loss attributed to the novel coronavirus, COVID-19 containment
zone.

 
LEGISLATIVE HISTORY:

New Legislation.

 
FISCAL IMPACT

Appropriates $1,000,000.

 
EFFECTIVE DATE:
This act shall take effect immediately.

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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Senate Bill S8110

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Sponsored By

Shelley B. Mayer