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Senate Bill S7429

2023-2024 Legislative Session

Relates to the definition of small business for the purposes of minority and women-owned business enterprises

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Archive: Last Bill Status - In Senate Committee Procurement And Contracts Committee

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2023-S7429 (ACTIVE) - Details

Current Committee:
Senate Procurement And Contracts
Law Section:
Executive Law
Laws Affected:
Amd §310, Exec L

2023-S7429 (ACTIVE) - Summary

Provides that "small business" for the purposes of minority and women-owned business enterprises shall mean a business which has a significant business presence in the state, is independently owned and operated, not dominant in its field and employs, based on its industry, a certain number of persons as determined by the director, but not to exceed three hundred except for industries otherwise specified by the small business size standards pursuant to 13 CFR 121.201 which shall be determined by the size standard in number of employees.

2023-S7429 (ACTIVE) - Sponsor Memo

2023-S7429 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7429
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 24, 2023
                                ___________
 
 Introduced  by Sen. MARTINEZ -- read twice and ordered printed, and when
   printed to be committed to the Committee on Procurement and Contracts
 
 AN ACT to amend the executive law, in  relation  to  the  definition  of
   small business
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 20 of section 310  of  the  executive  law,  as
 added by chapter 175 of the laws of 2010, is amended to read as follows:
   20.  "Small  business" as used in this section, unless otherwise indi-
 cated, shall mean a business which has a significant  business  presence
 in  the  state, is independently owned and operated, not dominant in its
 field and employs, based on its industry, a certain number of persons as
 determined by the director, but not to exceed  three  hundred,  [taking]
 EXCEPT  FOR  INDUSTRIES  OTHERWISE  SPECIFIED BY THE SMALL BUSINESS SIZE
 STANDARDS PURSUANT TO 13 CFR 121.201 WHICH SHALL BE  DETERMINED  BY  THE
 SIZE  STANDARD  IN  NUMBER  OF  EMPLOYEES.  THE DIRECTOR SHALL TAKE into
 consideration factors which include, but are  not  limited  to,  federal
 small  business administration standards pursuant to 13 CFR part 121 and
 any amendments thereto.  The  director  may  issue  regulations  on  the
 construction of the terms in this definition.
   §  2.  This act shall take effect immediately; provided, however, that
 the amendments to article 15-A of the executive law made  by section one
 of this act shall not affect the repeal of such  article  and  shall  be
 deemed repealed therewith.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11609-01-3

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