Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 19, 2024 |
print number 9801a |
Apr 19, 2024 |
amend (t) and recommit to local governments |
Apr 09, 2024 |
referred to local governments |
Assembly Bill A9801A
2023-2024 Legislative Session
Sponsored By
THIELE
Current 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
Bill Amendments
co-Sponsors
Billy Jones
2023-A9801 - Details
- Current Committee:
- Assembly Local Governments
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §858, add §859-c, Gen Muni L
2023-A9801 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9801 I N A S S E M B L Y April 9, 2024 ___________ Introduced by M. of A. THIELE -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to the powers of the New York state industrial development agency and certain loans and grants to eligible entities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 17 of section 858 of the general municipal law, as renumbered by chapter 356 of the laws of 1993, is renumbered subdivi- sion 19 and two new subdivisions 17 and 18 are added to read as follows: (17) TO PROVIDE LOANS IN ACCORDANCE WITH SECTION EIGHT HUNDRED FIFTY- NINE-C OF THIS ARTICLE, TO ANY ELIGIBLE ENTITY AS DEFINED IN PARAGRAPH A OF SUBDIVISION ONE OF SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE, PROVIDED SUCH LOAN IS MEMORIALIZED IN AN APPROPRIATE LOAN AGREEMENT AND FURTHER PROVIDED THAT THE LOAN PROCEEDS ARE USED IN FURTHERANCE OF THE AGENCY'S CORPORATE PURPOSES; (18) TO PROVIDE GRANTS TO ANY ELIGIBLE ENTITY AS DEFINED IN PARAGRAPH A OF SUBDIVISION ONE OF SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE, PROVIDED SAID GRANT IS MEMORIALIZED IN AN APPROPRIATE GRANT AGREEMENT STIPULATING THE SERVICES TO BE PROVIDED IN FURTHERANCE OF THE AGENCY'S CORPORATE PURPOSES, TO BE PROVIDED IN A MANNER CONSISTENT WITH UNIFORM CRITERIA, AS DEFINED IN SUBDIVISION TWO OF SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE, SAID UNIFORM CRITERIA TO BE ESTABLISHED FOR THE EVALUATION AND SELECTION OF ELIGIBLE ENTITIES; § 2. The general municipal law is amended by adding a new section 859-c to read as follows: § 859-C. UNIFORM CRITERIA FOR EVALUATION AND SELECTION OF ELIGIBLE ENTITIES FOR LOANS. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "ELIGIBLE ENTITY" SHALL MEAN A SMALL BUSINESS OR NOT-FOR-PROFIT WITH NOT MORE THAN FIFTY EMPLOYEES THAT IS PHYSICALLY LOCATED IN THE JURISDICTION OF THE APPLICABLE AGENCY. (B) "SMALL BUSINESS" MEANS A BUSINESS WITH NOT MORE THAN FIFTY EMPLOY- EES. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
Billy Jones
2023-A9801A (ACTIVE) - Details
- Current Committee:
- Assembly Local Governments
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §858, add §859-c, Gen Muni L
2023-A9801A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9801--A I N A S S E M B L Y April 9, 2024 ___________ Introduced by M. of A. THIELE, JONES -- read once and referred to the Committee on Local Governments -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general municipal law, in relation to the powers of industrial development agencies and certain loans and grants to eligi- ble entities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 17 of section 858 of the general municipal law, as renumbered by chapter 356 of the laws of 1993, is renumbered subdivi- sion 19 and two new subdivisions 17 and 18 are added to read as follows: (17) TO PROVIDE LOANS IN ACCORDANCE WITH SECTION EIGHT HUNDRED FIFTY- NINE-C OF THIS ARTICLE, TO ANY ELIGIBLE ENTITY AS DEFINED IN PARAGRAPH A OF SUBDIVISION ONE OF SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE, PROVIDED SUCH LOAN IS MEMORIALIZED IN AN APPROPRIATE LOAN AGREEMENT AND FURTHER PROVIDED THAT THE LOAN PROCEEDS ARE USED IN FURTHERANCE OF THE AGENCY'S CORPORATE PURPOSES; (18) TO PROVIDE GRANTS TO ANY ELIGIBLE ENTITY AS DEFINED IN PARAGRAPH A OF SUBDIVISION ONE OF SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE, PROVIDED SAID GRANT IS MEMORIALIZED IN AN APPROPRIATE GRANT AGREEMENT STIPULATING THE SERVICES TO BE PROVIDED IN FURTHERANCE OF THE AGENCY'S CORPORATE PURPOSES, TO BE PROVIDED IN A MANNER CONSISTENT WITH UNIFORM CRITERIA, AS DEFINED IN SUBDIVISION TWO OF SECTION EIGHT HUNDRED FIFTY-NINE-C OF THIS TITLE, SAID UNIFORM CRITERIA TO BE ESTABLISHED FOR THE EVALUATION AND SELECTION OF ELIGIBLE ENTITIES; § 2. The general municipal law is amended by adding a new section 859-c to read as follows: § 859-C. UNIFORM CRITERIA FOR EVALUATION AND SELECTION OF ELIGIBLE ENTITIES FOR LOANS. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "ELIGIBLE ENTITY" SHALL MEAN A SMALL BUSINESS OR NOT-FOR-PROFIT WITH NOT MORE THAN FIFTY EMPLOYEES THAT IS PHYSICALLY LOCATED IN THE JURISDICTION OF THE APPLICABLE AGENCY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14908-02-4
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