Senate Bill S8459

2019-2020 Legislative Session

Establishes the COVID-19 recovery commission

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Commerce, Economic Development And Small Business 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-S8459 (ACTIVE) - Details

See Assembly Version of this Bill:
A10362
Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§460 - 463, Ec Dev L
Versions Introduced in 2021-2022 Legislative Session:
S1600, A3460

2019-S8459 (ACTIVE) - Summary

Establishes the COVID-19 recovery commission to determine how much funding to seek and new issuances that will be sold to the Federal Reserve Municipal Liquidity Facility and to gather information, testimony, advice and other input to make allocation decisions in respect of the new funding and recovery efforts related to novel coronavirus, COVID-19; requires the commission to report its findings to the governor and legislature monthly.

2019-S8459 (ACTIVE) - Sponsor Memo

2019-S8459 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8459
 
                             I N  S E N A T E
 
                               June 3, 2020
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Commerce, Economic  Devel-
   opment and Small Business
 
 AN  ACT to amend the economic development law, in relation to establish-
   ing the COVID-19 Recovery Commission
 
   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
                       COVID-19 RECOVERY COMMISSION
 
 SECTION 460. COVID-19 RECOVERY COMMISSION.
         461. POWERS AND DUTIES OF THE COMMISSION.
         462. REPORTING.
         463. ASSISTANCE OF OTHER AGENCIES.
   § 460. COVID-19 RECOVERY COMMISSION. 1. THERE IS HEREBY ESTABLISHED IN
 THE DEPARTMENT A COMMISSION,  TO  BE  KNOWN  AS  THE  COVID-19  RECOVERY
 COMMISSION.
   2.  SUCH  COMMISSION  SHALL CONSIST OF THE DIRECTOR OF THE BUDGET, THE
 PRESIDENT OF THE EMPIRE STATE DEVELOPMENT CORPORATION,  THE  SUPERINTEN-
 DENT  OF  THE  DEPARTMENT  OF  FINANCIAL  SERVICES, THE PRESIDENT OF THE
 METROPOLITAN TRANSPORTATION AUTHORITY, THE PRESIDENT OF THE PORT AUTHOR-
 ITY, THE PRESIDENT OF THE DORMITORY AUTHORITY, THE COMMISSIONER  OF  THE
 DEPARTMENT  OF  HEALTH  AND  ALL  OTHER STATE COMMISSIONERS IN CHARGE OF
 FINANCING AS DETERMINED BY  THE  GOVERNOR.  THE  COMMISSION  SHALL  ALSO
 INCLUDE REPRESENTATIVES OF THE STATE'S PRINCIPAL SUBDIVISIONS AND APPRO-
 PRIATE  PUBLIC  FINANCE  PERSONNEL  APPOINTED  AS FOLLOWS: THREE MEMBERS
 SHALL BE APPOINTED BY THE GOVERNOR, TWO MEMBERS SHALL  BE  APPOINTED  BY
 THE TEMPORARY PRESIDENT OF THE SENATE, TWO MEMBERS SHALL BE APPOINTED BY
 THE SPEAKER OF THE ASSEMBLY, ONE MEMBER SHALL BE APPOINTED BY THE MINOR-
 ITY  LEADER  OF  THE  SENATE,  AND  ONE MEMBER SHALL BE APPOINTED BY THE
 MINORITY LEADER OF THE ASSEMBLY.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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