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Senate Bill S6261

2025-2026 Legislative Session

Relates to certain reporting requirements

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Current Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee

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2025-S6261 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd §58, UDC Act

2025-S6261 (ACTIVE) - Summary

Relates to reporting requirements for full-time jobs where an individual is employed by a qualified participant for at least thirty-five hours a week and project hires; provides such report shall include the number of permanent full-time jobs, the number of permanent part-time jobs, the number of full-time equivalents, and the number of project hires.

2025-S6261 (ACTIVE) - Sponsor Memo

2025-S6261 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6261
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 7, 2025
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Corporations,  Authorities
   and Commissions
 
 AN ACT to amend the New York state urban development corporation act, in
   relation to certain reporting measures

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs (d), (e), and (f) of subdivision 1 and  subpara-
 graphs  (iv)  and (v) of paragraph (c) of subdivision 3 of section 58 of
 section 1 of chapter 174 of the laws of 1968, constituting the New  York
 state  urban  development corporation act, as added by section 1 of part
 NNN of chapter 58 of the laws of 2022, are amended to read as follows:
   (d) "FULL-TIME JOB" SHALL  MEAN  A  JOB  IN  WHICH  AN  INDIVIDUAL  IS
 EMPLOYED  BY  A  QUALIFIED  PARTICIPANT FOR AT LEAST THIRTY-FIVE HOURS A
 WEEK.
   (E) "Full-time equivalent" shall mean a unit of measure which is equal
 to one filled, full-time, annual-salaried position.
   [(e)] (F) "Project hires" shall mean a job in which an  individual  is
 hired for a season or for a limited period of time.
   [(f)]  (G)  "Part-time job" shall mean a job in which an individual is
 employed by a qualified participant for less than  thirty-five  hours  a
 week.
   (iv)  the total number of employees at all sites utilizing such aggre-
 gate economic development benefits at the time of the agreement, includ-
 ing the number of [full-time  equivalents,  provided  that  any  project
 hires  or  part-time  jobs  converted  to full-time equivalents shall be
 displayed in separate fields and denoted as such, to the extent  practi-
 cable, and such requirements shall be applied to contracts initiated six
 months  after  the  effective  date of this section] PERMANENT FULL-TIME
 JOBS, THE NUMBER OF PERMANENT PART-TIME JOBS, THE  NUMBER  OF  FULL-TIME
 EQUIVALENTS, AND THE NUMBER OF PROJECT HIRES;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10466-02-5

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