Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to governmental operations |
May 10, 2023 |
referred to governmental operations |
Assembly Bill A7050
2023-2024 Legislative Session
Sponsored By
CUNNINGHAM
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
Actions
2023-A7050 (ACTIVE) - Details
- Current Committee:
- Assembly Governmental Operations
- Law Section:
- Executive Law
- Laws Affected:
- Amd §§310 & 314, Exec L
- Versions Introduced in 2025-2026 Legislative Session:
-
A4256
2023-A7050 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7050 2023-2024 Regular Sessions I N A S S E M B L Y May 10, 2023 ___________ Introduced by M. of A. CUNNINGHAM -- read once and referred to the Committee on Governmental Operations AN ACT to amend the executive law, in relation to authorizing not-for- profit corporation inclusion as minority and women-owned enterprises THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1, 7 and 15 of section 310 of the executive law, subdivision 1 as added by chapter 261 of the laws of 1988, subdivi- sions 7 and 15 as amended by chapter 22 of the laws of 2014, paragraph (e) of subdivision 7 and paragraph (e) of subdivision 15 as amended by chapter 96 of the laws of 2019, and paragraph (a) of subdivision 15 as amended by chapter 669 of the laws of 2022, are amended to read as follows: 1. "Certified business" shall mean a business OR NOT-FOR-PROFIT CORPO- RATION verified as a minority or women-owned business enterprise pursu- ant to section three hundred fourteen of this article. 7. "Minority-owned business enterprise" shall mean: (A) a business enterprise, including a sole proprietorship, partner- ship, limited liability company or corporation that is: [(a)] (I) at least fifty-one percent owned by one or more minority group members; [(b)] (II) an enterprise in which such minority ownership is real, substantial and continuing; [(c)] (III) an enterprise in which such minority ownership has and exercises the authority to control independently the day-to-day business decisions of the enterprise; [(d)] (IV) an enterprise authorized to do business in this state and independently owned and operated; [(e)] (V) an enterprise owned by an individual or individuals, whose ownership, control and operation are relied upon for certification, with a personal net worth that does not exceed fifteen million dollars, and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10966-01-3
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