Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 08, 2023 |
approval memo.45 signed chap.699 |
Nov 29, 2023 |
delivered to governor |
Jun 07, 2023 |
returned to senate passed assembly ordered to third reading rules cal.652 substituted for a6716a |
Jun 07, 2023 |
substituted by s1690a rules report cal.652 reported |
Jun 02, 2023 |
amend and recommit to rules 6716a |
May 31, 2023 |
reported referred to rules |
May 23, 2023 |
reported referred to ways and means |
May 15, 2023 |
reference changed to banks |
May 05, 2023 |
referred to economic development |
Assembly Bill A6716A
Signed By Governor2023-2024 Legislative Session
Sponsored By
HUNTER
Current Bill Status Via S1690 - Signed by Governor
- 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
Actions
Votes
Bill Amendments
2023-A6716 - Details
2023-A6716 - Summary
Relates to the capital access program; focuses on minority and women-owned business enterprises and small businesses located in highly distressed areas to assist them in processing and being approved for qualifying program loans; requires the engagement in outreach and marketing to financial institutions to increase awareness of the program.
2023-A6716 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6716 2023-2024 Regular Sessions I N A S S E M B L Y May 5, 2023 ___________ Introduced by M. of A. HUNTER -- read once and referred to the Committee on Economic Development AN ACT to amend the banking law and the New York state urban development corporation act, in relation to the capital access program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 1 of section 212 of the bank- ing law, as amended by chapter 1 of the laws of 1994, is amended to read as follows: (b) The corporation shall undertake the following programs in further- ance of the above objectives: (i) establish regional offices at locations throughout New York, with sufficient staffing to advise, develop and package financial assistance for small and medium sized businesses; (ii) develop a comprehensive outreach program to increase the visibility and awareness of the corporation's programs, including allocating budget and staff to establish and maintain an aggressive and extensive marketing program of the corporation's program of assistance to small and medium sized businesses, providing for specific outreach to minority and women owned enterprises, and entering into cooperative relationships with local chambers of commerce, local development agen- cies, local development corporations and other community based financial intermediaries as set forth in subdivision three of this section; (iii) establish and operate, or affiliate with a small business investment company and a specialized small business investment company; [and] (iv) establish a pilot export financing program, using personnel from the private sector, to evaluate whether the corporation can play a signif- icant role in the growth of the export industry in the state AND (V) ESTABLISH A PROGRAM IN COOPERATION WITH THE EMPIRE STATE DEVELOPMENT CORPORATION THAT SHALL FOCUS ON SMALL BUSINESSES LOCATED IN HIGHLY DISTRESSED AREAS AND MINORITY BUSINESS ENTERPRISES AS SUCH DESIGNATIONS ARE DEFINED BY THE REGULATIONS OF THE NEW YORK STATE URBAN DEVELOPMENT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05985-01-3
2023-A6716A (ACTIVE) - Details
2023-A6716A (ACTIVE) - Summary
Relates to the capital access program; focuses on minority and women-owned business enterprises and small businesses located in highly distressed areas to assist them in processing and being approved for qualifying program loans; requires the engagement in outreach and marketing to financial institutions to increase awareness of the program.
2023-A6716A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6716--A 2023-2024 Regular Sessions I N A S S E M B L Y May 5, 2023 ___________ Introduced by M. of A. HUNTER -- read once and referred to the Committee on Economic Development -- reported and referred to the Committee on Ways and Means -- reported and referred to the Committee on Rules -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the banking law and the New York state urban development corporation act, in relation to the capital access program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 1 of section 212 of the bank- ing law, as amended by chapter 1 of the laws of 1994, is amended to read as follows: (b) The corporation shall undertake the following programs in further- ance of the above objectives: (i) establish regional offices at locations throughout New York, with sufficient staffing to advise, develop and package financial assistance for small and medium sized businesses; (ii) develop a comprehensive outreach program to increase the visibility and awareness of the corporation's programs, including allocating budget and staff to establish and maintain an aggressive and extensive marketing program of the corporation's program of assistance to small and medium sized businesses, providing for specific outreach to minority and women owned enterprises, and entering into cooperative relationships with local chambers of commerce, local development agen- cies, local development corporations and other community based financial intermediaries as set forth in subdivision three of this section; (iii) establish and operate, or affiliate with a small business investment company and a specialized small business investment company; [and] (iv) establish a pilot export financing program, using personnel from the private sector, to evaluate whether the corporation can play a signif- icant role in the growth of the export industry in the state AND (V) ESTABLISH A PROGRAM IN COOPERATION WITH THE EMPIRE STATE DEVELOPMENT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05985-03-3
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