Senate Bill S3766

2021-2022 Legislative Session

Creates the federal contract workers assistance program

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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2021-S3766 (ACTIVE) - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§450 - 452, Ec Dev L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8884
2023-2024: S1704

2021-S3766 (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.

2021-S3766 (ACTIVE) - Sponsor Memo

2021-S3766 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3766
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2021
                                ___________
 
 Introduced  by  Sen.  COMRIE -- 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 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:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05110-01-1

              

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