|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 18, 2022||referred to finance|
senate Bill S8386
Archive: Last Bill Status - In Senate Committee Finance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S8386 (ACTIVE) - Details
S8386 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8386 SPONSOR: HOYLMAN TITLE OF BILL: An act to amend the labor law, in relation to establishing the restau- rant and restaurant worker recovery loan program; to amend the state finance law, in relation to establishing the restaurant and restaurant worker recovery fund; making an appropriation therefor; and to provide for the repeal of such provisions upon the expiration thereof PURPOSE OR GENERAL IDEA OF BILL: To create the Restaurant Recovery Fund, which would provide forgivable loans to those restaurants that pay a full minimum wage plus tips to their restaurant workers. SUMMARY OF PROVISIONS: Section 1 of the bill names the act "restaurant and restaurant worker recovery act of 2022"
S8386 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8386 I N S E N A T E February 18, 2022 ___________ Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the labor law, in relation to establishing the restau- rant and restaurant worker recovery loan program; to amend the state finance law, in relation to establishing the restaurant and restaurant worker recovery fund; making an appropriation therefor; and to provide 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. This act shall be known and may be cited as the "restaurant and restaurant worker recovery act of 2022". § 2. The labor law is amended by adding a new section 198-f to read as follows: § 198-F. RESTAURANT AND RESTAURANT WORKER RECOVERY LOAN PROGRAM. 1. THERE IS ESTABLISHED IN THE DEPARTMENT A RESTAURANT AND RESTAURANT WORK- ER RECOVERY FUND LOAN PROGRAM FOR THE PURPOSES OF SUPPORTING RESTAURANTS IN THE STATE OF NEW YORK AND THEIR EMPLOYEES TO SURVIVE THE FINANCIAL HARDSHIPS CREATED BY THE COVID-19 PANDEMIC BY PROVIDING LOANS TO QUALI- FYING RESTAURANTS TO ASSIST IN COVERING UNANTICIPATED LABOR COSTS INCURRED AS A RESULT OF THE STATE OF EMERGENCY THAT WAS EXECUTED IN EXECUTIVE ORDER NO. 202 ON MARCH 7, 2020, AND TO ENCOURAGE THE PROVISION OF A LIVABLE WAGE FOR RESTAURANT WORKERS WHO RECEIVE GRATUITIES. 2. AS USED IN THIS SECTION: (A) "EQUITY TRAINING" MEANS TRAINING AS DESCRIBED IN SUBDIVISION FIVE OF THIS SECTION. (B) "RESTAURANT AND RESTAURANT WORKER RECOVERY FUND" OR "FUND" MEANS THE RESTAURANT AND RESTAURANT WORKER RECOVERY FUND CREATED BY SECTION NINETY-SEVEN-II OF THE STATE FINANCE LAW. (C) "QUALIFYING RESTAURANT" MEANS A RESTAURANT THAT MEETS THE CRITERIA ESTABLISHED IN SUBDIVISION THREE OF THIS SECTION. (D) "SMALL NEW YORK-BASED RESTAURANT" MEANS A RESTAURANT LOCATED WITH- IN THE STATE THAT IS A SMALL BUSINESS AS DEFINED BY SECTION ONE HUNDRED THIRTY-ONE OF THE ECONOMIC DEVELOPMENT LAW. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14650-02-2
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