Assembly Bill A6317

2021-2022 Legislative Session

Relates to establishing the New York state innovation voucher program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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-A6317 (ACTIVE) - Details

See Senate Version of this Bill:
S205
Current Committee:
Assembly Small Business
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add §16-bb, amd §16-m, UDC Act
Versions Introduced in Other Legislative Sessions:
2013-2014: A10195
2015-2016: A2126, S3894
2017-2018: A1260, A9671, S817, S7546
2019-2020: A45, S4361
2023-2024: A3549, S1862

2021-A6317 (ACTIVE) - Summary

Establishes the New York state innovation voucher program; provides small businesses with access to research and development by colleges and universities, government laboratories and public research institutes in order to assist such businesses in the creation of innovative products or services.

2021-A6317 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6317
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 12, 2021
                                ___________
 
 Introduced   by  M.  of  A.  STERN,  RODRIGUEZ,  FAHY,  LAVINE,  STIRPE,
   J. RIVERA, BENEDETTO, GOODELL, SMITH -- Multi-Sponsored by -- M. of A.
   PALMESANO -- read once and referred to the Committee on Small Business
 
 AN ACT to amend the urban development corporation act,  in  relation  to
   establishing the New York state innovation voucher program

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "New York state innovation voucher program act".
   §  2.  Section  1 of chapter 174 of the laws of 1968, constituting the
 New York state urban development corporation act, is amended by adding a
 new section 16-bb to read as follows:
   § 16-BB. NEW YORK STATE INNOVATION VOUCHER PROGRAM. (1) PROGRAM ESTAB-
 LISHED. THERE IS HEREBY ESTABLISHED A NEW YORK STATE INNOVATION  VOUCHER
 PROGRAM  UNDER  THE PURVIEW OF THE EMPIRE STATE DEVELOPMENT CORPORATION.
 SUCH PROGRAM SHALL PROVIDE SMALL BUSINESSES WITH ACCESS TO RESEARCH  AND
 DEVELOPMENT  BY  COLLEGES  AND UNIVERSITIES, GOVERNMENT LABORATORIES AND
 PUBLIC RESEARCH INSTITUTES IN ORDER TO ASSIST  SUCH  BUSINESSES  IN  THE
 CREATION  OF  INNOVATIVE PRODUCTS OR SERVICES THAT PROVIDE JOB RETENTION
 AND EXPANSION.
   (2) DEFINITIONS. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS
 SHALL HAVE THE FOLLOWING MEANINGS:
   (A) "ELIGIBLE RECIPIENT" SHALL MEAN SMALL  BUSINESSES  AS  DEFINED  IN
 SECTION ONE HUNDRED THIRTY-ONE OF THE ECONOMIC DEVELOPMENT LAW.
   (B)  "ELIGIBLE  PROJECTS"  FOR  VOUCHERS  AUTHORIZED  PURSUANT TO THIS
 SECTION SHALL MEAN RESEARCH AND DEVELOPMENT PROJECTS  LEADING  TO  INNO-
 VATION OF PRODUCTS OR SERVICES. ELIGIBLE COSTS SHALL INCLUDE, BUT NOT BE
 LIMITED TO, THE DEVELOPMENT OF PROTOTYPES, FIELD TESTING, ENGINEERING OR
 OTHER  PROJECTS AUTHORIZED BY THE CORPORATION THAT ENHANCE INNOVATION OF
 PRODUCTS OR SERVICES THAT RESULT IN JOB GROWTH  AND  BUSINESS  EXPANSION
 WITHIN THE STATE.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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