senate Bill S8181A

Signed By Governor
2019-2020 Legislative Session

Establishes a state disaster emergency loan program

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Sponsored By

Current Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 17, 2020 signed chap.109
Jun 05, 2020 delivered to governor
May 27, 2020 returned to senate
passed assembly
ordered to third reading rules cal.32
substituted for a10294a
referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.646
May 26, 2020 reported and committed to rules
May 24, 2020 print number 8181a
May 24, 2020 amend (t) and recommit to corporations, authorities and commissions
Apr 13, 2020 referred to corporations, authorities and commissions

Votes

view votes

May 26, 2020 - Corporations, Authorities and Commissions committee Vote

S8181A
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: May 26, 2020

May 24, 2020 - Rules committee Vote

S8181A
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Co-Sponsors

S8181 - Details

See Assembly Version of this Bill:
A10294
Law Section:
Public Authorities Law
Laws Affected:
Amd §858, add §859-c, Gen Muni L

S8181 - Summary

Establishes a state disaster emergency loan program to be administered by industrial development agencies for small businesses and small not-for-profit corporations.

S8181 - Sponsor Memo

S8181 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8181

                            I N  S E N A T E

                             April 13, 2020
                               ___________

Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT to amend the public authorities law, in relation to establishing
  the industrial development agency public  health  state  of  emergency
  loan program

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Article 9 of the  public  authorities  law  is  amended  by
adding a new title 7-A to read as follows:
                                TITLE 7-A
               INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH
                     STATE OF EMERGENCY LOAN PROGRAM
SECTION 2928. INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH STATE OF 
                EMERGENCY LOAN PROGRAM.
  § 2928. INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH STATE OF EMERGENCY
LOAN  PROGRAM.  1.  DEFINITIONS.  AS USED IN THIS SECTION, THE FOLLOWING
TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  (A) "AFFECTED BUSINESS OR ORGANIZATION"  MEANS  AND  INCLUDES  BOTH  A
SMALL  BUSINESS  AND  A SMALL NOT-FOR-PROFIT ORGANIZATION LOCATED WITHIN
THIS STATE DURING A STATE OF EMERGENCY;
  (B) "GRACE PERIOD" MEANS THE SIXTY-DAY PERIOD AFTER A STATE  OF  EMER-
GENCY IS OVER;
  (C)  "INDUSTRIAL  DEVELOPMENT  AGENCY"  OR  "IDA" MEANS ANY INDUSTRIAL
DEVELOPMENT AGENCY ESTABLISHED PURSUANT TO THIS CHAPTER, BY SPECIAL  ACT
OR BY ANY OTHER PROVISION OF LAW.
  (D) "SMALL BUSINESS" MEANS A BUSINESS WITH NOT MORE THAN FIFTY EMPLOY-
EES;
  (E)  "SMALL NOT-FOR-PROFIT ORGANIZATION" MEANS A NOT-FOR-PROFIT ORGAN-
IZATION WITH NOT MORE THAN FIFTY EMPLOYEES; AND
  (F) "STATE OF EMERGENCY" MEANS THE PERIOD BEGINNING WITH A DECLARATION
BY THE GOVERNOR THAT A PUBLIC HEALTH STATE OF EMERGENCY EXISTS.
  2. INDUSTRIAL DEVELOPMENT AGENCY PUBLIC HEALTH STATE OF EMERGENCY LOAN
PROGRAM. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, ANY IDA MAY  ADMIN-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

Co-Sponsors

view additional co-sponsors

S8181A (ACTIVE) - Details

See Assembly Version of this Bill:
A10294
Law Section:
Public Authorities Law
Laws Affected:
Amd §858, add §859-c, Gen Muni L

S8181A (ACTIVE) - Summary

Establishes a state disaster emergency loan program to be administered by industrial development agencies for small businesses and small not-for-profit corporations.

S8181A (ACTIVE) - Sponsor Memo

S8181A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 8181--A

                            I N  S E N A T E

                             April 13, 2020
                               ___________

Introduced  by  Sens. MAY, BIAGGI -- read twice and ordered printed, and
  when printed to be committed to the Committee on Corporations, Author-
  ities and Commissions -- committee discharged, bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the general municipal law, in relation to establishing a
  state disaster emergency loan program; and providing for the repeal of
  such provisions upon the expiration thereof

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivisions 16 and 17 of section 858 of the general munic-
ipal law, as added by chapter 1030 of the laws of 1969 and as renumbered
by chapter 356 of the laws of 1993, are amended to read as follows:
  (16) To establish and re-establish its fiscal year; [and]
  (17) TO PROVIDE LOANS TO SMALL  BUSINESSES  OR  NOT-FOR-PROFIT  CORPO-
RATIONS  AS  AUTHORIZED  IN  SECTION  EIGHT HUNDRED FIFTY-NINE-C OF THIS
TITLE; AND
  (18) TO PROVIDE GRANTS TO SMALL BUSINESSES AND  NOT-FOR-PROFIT  CORPO-
RATIONS, AS DEFINED IN SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE,
FOR THE PURPOSE OF ACQUIRING PERSONAL PROTECTIVE EQUIPMENT OR INSTALLING
FIXTURES NECESSARY TO PREVENT THE SPREAD OF NOVEL CORONAVIRUS, COVID-19,
DURING  THE PERIOD IN WHICH EXECUTIVE ORDER TWO HUNDRED TWO OF TWO THOU-
SAND TWENTY, AS AMENDED, IS IN EFFECT. IN ORDER TO  BE  ELIGIBLE  FOR  A
GRANT  PURSUANT  TO THIS SUBDIVISION, A SMALL BUSINESS OR NOT-FOR-PROFIT
CORPORATION MUST MEET THE REQUIREMENTS OF  PARAGRAPH  A  OF  SUBDIVISION
THREE  OF  SECTION  EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE.  NO INDUS-
TRIAL DEVELOPMENT AGENCY MAY PROVIDE A SMALL BUSINESS OR  NOT-FOR-PROFIT
CORPORATION  WITH MORE THAN TEN THOUSAND DOLLARS PURSUANT TO THIS SUBDI-
VISION; AND
  (19) To do all  things  necessary  or  convenient  to  carry  out  its
purposes and exercise the powers expressly given in this title.
  §  2.  The  general  municipal  law is amended by adding a new section
859-c to read as follows:
  § 859-C. STATE DISASTER EMERGENCY LOAN PROGRAM.   1. FOR  PURPOSES  OF
THIS SECTION:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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