Senate Bill S6239

2025-2026 Legislative Session

Authorizes the power authority to create the New York State small business development program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Energy And Telecommunications 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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2025-S6239 (ACTIVE) - Details

See Assembly Version of this Bill:
A4722
Current Committee:
Senate Energy And Telecommunications
Law Section:
Public Authorities Law
Laws Affected:
Add §1009-b, Pub Auth L
Versions Introduced in 2023-2024 Legislative Session:
A9346

2025-S6239 (ACTIVE) - Summary

Authorizes the power authority to create the New York State small business development program.

2025-S6239 (ACTIVE) - Sponsor Memo

2025-S6239 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6239
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 7, 2025
                                ___________
 
 Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
   cations
 
 AN  ACT to amend the public authorities law, in relation to allowing the
   power authority to create the New York State small  business  develop-
   ment  program;  and  providing  for the repeal of such provisions upon
   expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  public  authorities  law  is amended by adding a new
 section 1009-b to read as follows:
   § 1009-B. POWER AUTHORITY OF THE STATE  OF  NEW  YORK  SMALL  BUSINESS
 DEVELOPMENT  PROGRAM. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   (A) "AUTHORITY" MEANS THE POWER AUTHORITY OF THE STATE OF NEW YORK AND
 THE CANAL CORPORATION.
   (B) "CHAIRPERSON" MEANS THE CHAIRPERSON OF THE AUTHORITY.
   (C) "SMALL BUSINESS" MEANS  A  BUSINESS  IN  THE  CONSTRUCTION  TRADES
 WHICH:
   (I) IS INDEPENDENTLY OWNED AND OPERATED;
   (II)  HAS  ANNUAL  REVENUES  NOT  EXCEEDING A FISCAL LIMITATION OF TEN
 MILLION DOLLARS OR SUCH LESSER AMOUNT AS ESTABLISHED  BY  THE  AUTHORITY
 PURSUANT TO THIS SECTION; AND
   (III) MEETS ADDITIONAL CRITERIA AS OTHERWISE ESTABLISHED BY THE CHAIR-
 PERSON AND THE HEAD OF SUPPLIER DIVERSITY. THE AUTHORITY SHALL ESTABLISH
 BOTH  GENERAL  AND  SPECIFIC DEFINITIONS FOR DIFFERENT INDUSTRIES TO THE
 EXTENT NECESSARY TO REFLECT DIFFERING CHARACTERISTICS OF  SUCH  SEGMENTS
 BASED  ON THE CRITERIA USED BY THE UNITED STATES SMALL BUSINESS ADMINIS-
 TRATION FOR LOANS TO SMALL BUSINESSES AS SET FORTH IN  SECTIONS  121.301
 THROUGH 121.305, OR FOR AWARDING GOVERNMENT PROCUREMENTS AS SET FORTH IN
 SECTIONS  121.401 THROUGH 121.413, OF SUBPART A OF PART 121 OF CHAPTER I
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08391-01-5
              

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