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
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 23, 2020 referred to finance

Co-Sponsors

S8110 (ACTIVE) - Details

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

S8110 (ACTIVE) - Summary

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

S8110 (ACTIVE) - Sponsor Memo

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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