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Assembly Bill A10864

2025-2026 Legislative Session

Establishes minority youth-owned business enterprises

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Current Bill Status - In Assembly Committee

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2025-A10864 (ACTIVE) - Details

Current Committee:
Assembly Governmental Operations
Law Section:
Executive Law
Laws Affected:
Amd §§310 & 311, add §§313-b, 313-c, 313-d & 313-e, Exec L; amd §6-129, NYC Ad Cd

2025-A10864 (ACTIVE) - Summary

Establishes minority youth-owned business enterprises in the state of New York and the city of New York; creates certain contracting opportunities for members of minority youth-owned business enterprises; establishes an implementation program and oversight committee for minority youth-owned business enterprises.

2025-A10864 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10864
 
                           I N  A S S E M B L Y
 
                               April 8, 2026
                                ___________
 
 Introduced  by M. of A. JACKSON -- read once and referred to the Commit-
   tee on Governmental Operations
 
 AN ACT to amend the executive law and the  administrative  code  of  the
   city  of  New  York,  in relation to establishing minority youth-owned
   business enterprises
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subdivision  7  of  section  310 of the executive law, as
 amended by chapter 22 of the laws of 2014, paragraph (e) as  amended  by
 chapter  96  of  the laws of 2019, is amended and three new subdivisions
 24, 25 and 26 are added to read as follows:
   7. (A) "Minority-owned business  enterprise"  shall  mean  a  business
 enterprise,   including  a  sole  proprietorship,  partnership,  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
 such other amount as the director shall set  forth  in  regulations,  as
 adjusted annually on the first of January for inflation according to the
 consumer price index of the previous year; and
   [(f)] (VI) an enterprise that is a small business pursuant to subdivi-
 sion twenty of this section.
   (B)  "MINORITY-OWNED  BUSINESS  ENTERPRISE"  SHALL  INCLUDE A MINORITY
 YOUTH-OWNED BUSINESS ENTERPRISE, PROVIDED THAT THE PROVISIONS OF  SUBDI-
 VISION TWENTY-FOUR OF THIS SECTION ARE MET.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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