Senate Bill S3033

2023-2024 Legislative Session

Establishes a temporary state assistance fund to provide legal counsel in certain bankruptcy proceedings and providing for the administration thereof

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance 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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2023-S3033 (ACTIVE) - Details

See Assembly Version of this Bill:
A368
Current Committee:
Senate Finance
Law Section:
Executive Law
Laws Affected:
Add §94-d, Exec L
Versions Introduced in Other Legislative Sessions:
2019-2020: S9022, A11084
2021-2022: S1142, S8111, A5922

2023-S3033 (ACTIVE) - Summary

Establishes a temporary state assistance fund to provide legal counsel for bankruptcy proceedings under chapter eleven of the federal bankruptcy code; provides for the administration thereof.

2023-S3033 (ACTIVE) - Sponsor Memo

2023-S3033 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3033
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2023
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 AN ACT to amend the executive law, in relation to establishing a  tempo-
   rary  state  assistance fund to provide legal counsel in certain bank-
   ruptcy proceedings and providing for the administration thereof

   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 "save merchants and retail tenants (SMART) act".
   § 2. The executive law is amended by adding a new section 94-d to read
 as follows:
   § 94-D. TEMPORARY STATE ASSISTANCE TO FUND LEGAL SERVICES  IN  CERTAIN
 BANKRUPTCY PROCEEDINGS. 1. DEFINITIONS. AS USED IN THIS SECTION:
   (A) "ADMINISTRATOR" MEANS THE NEW YORK OFFICE OF COURT ADMINISTRATION.
   (B) "COVERED BUSINESS" MEANS ANY SMALL BUSINESS, NOT-FOR-PROFIT CORPO-
 RATION,  LIMITED PARTNERSHIP, LIMITED LIABILITY COMPANY, LIMITED LIABIL-
 ITY PARTNERSHIP,  AS  WELL  AS  OTHER  MISCELLANEOUS  BUSINESSES,  WHICH
 CONDUCTS  A  MAJORITY  OF  ITS  BUSINESS  IN THE STATE AND WAS ADVERSELY
 AFFECTED BY COVID-19 OR PUBLIC HEALTH RESTRICTIONS ENFORCED BY THE STATE
 DURING THE COVID-19 PANDEMIC, WHICH ARE ELIGIBLE FOR  RELIEF  UNDER  THE
 FEDERAL SMALL BUSINESS REORGANIZATION ACT, AS AMENDED BY THE CORONAVIRUS
 AID,  RELIEF,  AND  ECONOMIC SECURITY (CARES) ACT OF 2020, AND FILES FOR
 BANKRUPTCY PROTECTION UNDER SUCH ACT PRIOR TO MARCH TWENTY-SEVENTH,  TWO
 THOUSAND TWENTY-FOUR.
   (C)  "BANKRUPTCY  COURT"  MEANS THE UNITED STATES BANKRUPTCY COURT FOR
 THE NORTHERN, SOUTHERN, EASTERN OR WESTERN DISTRICT OF THE STATE.
   (D) "LEGAL SERVICES" MEANS INDIVIDUALIZED LEGAL ASSISTANCE IN A SINGLE
 CONSULTATION AND/OR ONGOING LEGAL REPRESENTATION, PROVIDED  BY  A  LEGAL
 SERVICES PROVIDER TO A COVERED BUSINESS, AND ALL LEGAL ADVICE, ADVOCACY,
 AND ASSISTANCE ASSOCIATED WITH SUCH SERVICE.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02339-01-3
 S. 3033                             2
              

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