Regular Session - January 31, 1994

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         8                       ALBANY, NEW YORK

         9                       January 31, 1994

        10                          3:01 p.m.

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        13                       REGULAR SESSION

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        17       SENATOR HUGH T. FARLEY, Acting President

        18       STEPHEN F. SLOAN, Secretary

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         1                      P R O C E E D I N G S

         2                      ACTING PRESIDENT FARLEY:  The

         3       Senate will come to order, Senators will find

         4       their places.  Will you please rise with me for

         5       the Pledge of Allegiance to the Flag.

         6                      (The assemblage repeated the

         7       Pledge of Allegiance to the Flag. )

         8                      Today, in the absence of visiting

         9       clergy, we'll bow our heads for a moment of

        10       silence.

        11                      (A moment of silence was

        12       observed. )

        13                      ACTING PRESIDENT FARLEY: The

        14       Secretary will begin by reading the Journal.

        15                      THE SECRETARY:  In Senate,

        16       Sunday, January 30th.  The Senate met pursuant

        17       to adjournment, Senator Farley in the Chair upon

        18       designation of the Temporary President.  The

        19       Journal of Saturday, January 29th, was read and

        20       approved.  On motion, Senate adjourned.

        21                      ACTING PRESIDENT FARLEY:  Hearing

        22       no objection, the Journal will stand approved as

        23       read.











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         1                      Presentation of petitions.

         2                      Messages from the Assembly.

         3                      Messages from the Governor.

         4                      Reports of standing committees.

         5                      Reports of select committees.

         6                      Communications and reports from

         7       state officers.

         8                      Motions and resolutions.

         9                      Senator Present.

        10                      SENATOR PRESENT:  Mr. President,

        11       in behalf of Senator Libous, on page 12, I offer

        12       the following amendments to Calendar 104, Senate

        13       Print 6490-A, and ask that said bill retain its

        14       place on the Third Reading Calendar.

        15                      ACTING PRESIDENT FARLEY:  The

        16       bill is amended.  The bill will retain its

        17       place.

        18                      Senator Present.

        19                      SENATOR PRESENT:  Mr. President,

        20       I'd like to call an immediate meeting of the

        21       Rules Committee in Room 332.

        22                      ACTING PRESIDENT FARLEY:  There

        23       will be an immediate meeting of the Rules











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         1       Committee in Room 332.

         2                      SENATOR PRESENT:  And I ask that

         3       the Senate stand at ease.

         4                      ACTING PRESIDENT FARLEY:  The

         5       Senate will stand at ease pending the Rules

         6       Committee report.

         7                      (The Senate stood at ease from

         8       3:04 p.m. until 3:24 p.m.)

         9                      ACTING PRESIDENT KUHL:  The

        10       Senate will come to order.

        11                      Senator Present.

        12                      SENATOR PRESENT:  I believe we

        13       have a report of a standing committee, please.

        14                      ACTING PRESIDENT KUHL:  Clerk

        15       will read a report of a standing committee.

        16                      THE SECRETARY:  Senator Marino,

        17       from the Committee on Rules, reports the

        18       following bills directly for third reading:

        19                      Assembly Bill Number 9071-A -

        20       excuse me, Assembly Bill Number 9071-A, Senate

        21       Reprint Number 21006, an act -- the Omnibus

        22       Consumer Protection and Banking Deregulation Act

        23       of 1994.











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         1                      Also Senator Skelos, from the

         2       Committee on Aging, reports the following bills

         3       directly for third reading:  Senate Bill Number

         4       6548, by Senator Skelos, an act to amend Chapter

         5       208 of the Laws of 1992, relating to

         6       establishing the Alzheimer's Disease task

         7       force.

         8                      Both bills reported directly to

         9       third reading.

        10                      ACTING PRESIDENT KUHL:  Without

        11       objection, third reading.

        12                      Senator Present.

        13                      SENATOR PRESENT:  Mr. President,

        14       can we return to motions and resolutions.

        15                      ACTING PRESIDENT KUHL:  Senator

        16       Farley.

        17                      SENATOR FARLEY:  Thank you, Mr.

        18       President.

        19                      On behalf of Senator Cook, on

        20       page 10, Calendar Number 92, Senate Print 3026,

        21       I ask -- I offer the following amendments, and I

        22       ask that it retain its place.

        23                      ACTING PRESIDENT KUHL:  So











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         1       ordered.

         2                      SENATOR FARLEY:  On behalf of

         3       Senator Cook -- Johnson, I'm sorry, on behalf of

         4       Senator Johnson, on page 10, Calendar Number 91,

         5       Senate Print 2999, I offer the following

         6       amendments, and I ask the bill retain its

         7       place.

         8                      On behalf of Senator Cook, on

         9       page 5, Calendar 37, Senate Print 2640, I offer

        10       the following amendments and ask that the bill

        11       retain its place.

        12                      On behalf of Senator Levy, on

        13       page 7, I offer the following amendments to

        14       Calendar 73, Senate Print 324, and I ask that

        15       that bill retain its place.

        16                      On behalf of Senator Skelos, on

        17       page 8, I offer the following amendments to

        18       Calendar 76, Senate Print 1605, and I ask that

        19       that bill retain its place.

        20                      On behalf of Senator Johnson, on

        21       page 8, I offer the following amendments to

        22       Calendar Number 80, Senate Print 2802, and I ask

        23       that that bill retain its place.











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         1                      On behalf of Senator Velella, on

         2       page 6, I offer the following amendments to

         3       Calendar 59, Senate Print 2599-A, and I ask that

         4       that bill retain its place.

         5                      On behalf of Senator Farley, on

         6       page 9, I offer the following amendments to

         7       Calendar 85, Senate Print 6183, and I ask that

         8       that bill retain its place.

         9                      On behalf of Senator Johnson, Mr.

        10       President, I move that the following bills be

        11       discharged from their respective committees and

        12       recommitted with instructions to strike the

        13       enacting clause: Senate Print 909, Senate Print

        14       1189, 5541, and 5654.

        15                      ACTING PRESIDENT KUHL:  Without

        16       objection, so ordered.

        17                      Senator Present.

        18                      SENATOR PRESENT:  Mr. President,

        19       I move that the following bill be discharged

        20       from its respective committee and be recommitted

        21       with instructions to strike the enacting

        22       clause:  Senate Print 1892-A.

        23                      ACTING PRESIDENT KUHL:  Without











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         1       objection, so ordered.

         2                      THE SECRETARY:  On page 11 of

         3       today's calendar, Senator Farley moves to

         4       discharge the Committee on Banks from Assembly

         5       Bill Number 7782-A and substitute it for the

         6       identical Third Reading 100.

         7                      ACTING PRESIDENT KUHL:

         8       Substitution is ordered.

         9                      Senator Present.

        10                      SENATOR PRESENT:  Mr. President,

        11       I'd like to call up Senate Reprint 21006.

        12                      ACTING PRESIDENT KUHL:  Clerk

        13       will read.

        14                      THE SECRETARY:  Calendar Number

        15       110, by the Assembly Committee on Rules,

        16       Assembly Bill Number 9071-A, with a Senate

        17       Reprint Number of 21,006, an act to enact the

        18       Omnibus Consumer Credit Disclosure and

        19       Deregulation Act of 1994, to amend the Banking

        20       Law.

        21                      SENATOR GOLD:  Yeah, excuse me.

        22                      ACTING PRESIDENT KUHL:  Last

        23       section.











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         1                      SENATOR GOLD:  No.  No.  Will

         2       Senator Farley yield to a question?

         3                      SENATOR FARLEY:  Yes.

         4                      ACTING PRESIDENT KUHL:  Senator

         5       Farley.

         6                      SENATOR GOLD:  Senator Farley, it

         7       seems that as much as we try, we wind up with

         8       this same silly predicament year after year.

         9       Now, today is the last day, I believe, for this

        10       issue to be resolved.  It's my understanding

        11       from what you said in the Rules Committee

        12       meeting, that there is not as yet three-way

        13       agreement on a bill.  It's 3:30 in the

        14       afternoon.  What -- why at this point are we

        15       passing a non-agreed upon bill?

        16                      SENATOR FARLEY:  Let me give an

        17       explanation of the bill, and then I think you'll

        18       understand why we're passing this bill.

        19                      This is the omnibus banking bill

        20       and consumer protection bill, one that we have

        21       had under negotiation for over a year, and I

        22       mean active negotiation.  It is basically the

        23       Governor's bill.  It is 98.6 agreed to.  There's











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         1       one point that is not agreed to by one house.  I

         2       believe the Governor agrees with us on this.  I

         3       don't want to speak for him, but that's what he

         4       told me.

         5                      Let me just explain what this

         6       bill does and what it is.  Incidentally, when

         7       you talk about a banking deregulation bill, it's

         8       really a misnomer because it's the entire

         9       Banking Law for the state of New York.  We have

        10       put it on a sunset and every now and then it

        11       keeps expiring and we keep coming back.

        12                      This year we're trying to make it

        13       permanent.  Everybody wants to make it perman

        14       ent, all two houses and the Governor, but in

        15       order to make it permanent, we have put a lot of

        16       things in it, and let me tell you some of the

        17       things that are in it that have been -- all of

        18       these things are agreed to.  I'll tell you the

        19       one thing that is not agreed to.

        20                      It prohibits geographic

        21       restrictions.  It prevents banks from refusing

        22       to open a deposit account simply because the

        23       depositor does not live in the same city or











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         1       county which is ever larger.

         2                      It has lifeline checking.  It

         3       requires banks to offer lower -- lower cost

         4       checking accounts.  The account will provide for

         5       eight monthly checks or other withdrawal

         6       transaction.  The maximum monthly fee, the

         7       minimum balance and deposit required will be set

         8       by the Banking Board.

         9                      Small -- incidentally, on that, I

        10       would suspect that they may follow this -- the

        11       New Jersey lifeline checking rules and regs

        12       which have been quite successful.

        13                      It also provides for credit card

        14       information program.  It establishes a toll-free

        15       telephone number for the Banking Department for

        16       consumer -- where consumers can compare the in

        17       formation on credit cards.  It requires current

        18       issuers to provide notice to their customers of

        19       this service.  Notice will be provided on appli

        20       cations, solicitation and monthly billing.

        21                      It also provides small business

        22       loan figures.  It collects and makes readily

        23       available to the public information on aggregate











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         1       numbers and amounts of small business and small

         2       farm loans being made by New York State

         3       institutions.

         4                      It gives credit card parity.  It

         5       revises New York State's credit card laws to

         6       provide New York issuers with greater parity for

         7       competing with the out-of-state issuers who are

         8       dominant in this market.

         9                      These four restrictions provide

        10       specific authority for credit card introductory

        11       rates and rate sales, authorizes certain limited

        12       fees, provides flexibility in mailing

        13       arrangements in order to prevent credit card

        14       theft and fraud, and it strengthens New York's

        15       law to ensure that the provisions of the New

        16       York law can be exported to customers in other

        17       states.

        18                      It also contains a provision

        19       which the press has written much about, and

        20       there's agreement on it, motor vehicle leasing.

        21       It enacts -- what that has to do with banking

        22       always befuddles me, but it is in here.  It

        23       enacts the Motor Vehicle Leasing Act which











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         1       provides provision for increased disclosures,

         2       prompt refunds, a process for determining

         3       liability for early termination and a process

         4       for resolving any disputes over excess wear and

         5       damages.

         6                      It also provides, which is a very

         7       significant part of the bill, for small business

         8       investment companies.  It establishes two small

         9       business investment companies, one general for

        10       every small business in this state, for every

        11       one, and one that is specialized for certain

        12       disadvantaged persons.  The banking industry,

        13       over time, will contribute up to $23 million to

        14       this.  These funds will, in turn, leverage over

        15       70 million, for a total of 93 million, to

        16       provide loans and equity capital to the needs of

        17       small businesses.

        18                      We're talking about two different

        19       companies -- companies.  One company, the Small

        20       Business Investment Company, again, is open to

        21       everyone.  That is all agreed to.  The one

        22       disagreement in the bill is as to the New York

        23       Specialized Small Business Investment Company.











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         1       That's where we have a disagreement.

         2                      The Governor, in his proposal,

         3       said that -- used the federal language which

         4       said -- let me find this here.  Said that "***

         5       federal law provides that they may only invest

         6       in small businesses owned by persons whose par

         7       ticipation in the free enterprise system is

         8       hampered because of social or economic

         9       disadvantages.  Although economically and

        10       socially disadvantaged is not specifically

        11       defined, federal guidance documents note that

        12       consideration should be given to minorities,

        13       handicapped persons, persons in economically

        14       deprived areas and persons of *** income or

        15       limited education."

        16                      The Governor's program bill,

        17       which this bill is still the Governor -- at the

        18       request of the Governor, was received early in

        19       January, provided for the purposes of this

        20       company they shall serve the needs of socially

        21       and economically disadvantaged persons pursuant

        22       to Section 301 (d) including minority-owned

        23       business enterprises and small businesses











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         1       located in the neighborhood-based alliance

         2       communities, economic development zones and

         3       highly distressed areas, individuals with

         4       disabilities, persons unable to compete

         5       effectively in a marketplace because of

         6       prevailing restrictive practices.

         7                      The Assembly bill, and this is

         8       our area of disagreement, would provide only for

         9       minorities, businesses, persons in highly

        10       distressed areas and persons who reside in a

        11       neighborhood-based alliance.

        12                      The Senate preferred the

        13       Governor's language.  However, we took the

        14       Assembly list to broaden it -- that's what's in

        15       this bill -- to include -- just broadened it,

        16       used their language to include persons eligible

        17       for the income tax credit, the working poor.

        18                      It's that simple.  90 percent of

        19       the geography of this state is excluded from

        20       participation in this company unless they are

        21       minority under the Assembly language.

        22                      I think this is reasonable.  I

        23       think it's something that we can work out.  The











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         1       Governor has proposed three different -- I don't

         2       want to get into the negotiations too much here,

         3       but he's proposed three different additions,

         4       addendums to the language here, instead of

         5       making it just for minority businesses.

         6                      You have to realize that minority

         7       businesses have no means test, no means test at

         8       all.  He would like to include it and so would

         9       we, to either the earned income tax credit being

        10       added on there or the economic opportunity zone

        11       added in there, one or any of them, or to use

        12       his original language, which I prefer.

        13                      Let me share with you, I had

        14       concern about their language, whether it would

        15       meet the test of the federal legislation.  My

        16       director of the Banks Committee called the

        17       deputy counsel.  He said, "No way would we

        18       approve that language.  There would be

        19       nothing."  We told that to the Assembly in

        20       negotiations.  The next day a whole load of

        21       calls were made.  Guess what?  Somebody said,

        22       "We'll approve it."

        23                      I'm worried that we may be











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         1       jeopardizing the whole program.  What we're

         2       trying to do is to make it a little bit more

         3       inclusive for the rest of New York State.  That

         4       simple.  It's a bill that is 98 or 99 percent

         5       agreed to.  Yes, we are still in disagreement.

         6       The Assembly, it's my understanding, has just

         7       put out a three-year extender.  I don't want an

         8       extender.  "Denny" Farrell has said to me a

         9       thousand times he doesn't want an extender.  The

        10       Governor told me not more than two hours ago, No

        11       way will I sign an extender.  We should be doing

        12       this; we should have done it a long time ago.

        13                      Let me say that we've had

        14       agreement on scores of occasions and every time

        15       something new pops onto the table from the other

        16       house.  They had to have the Comptroller on the

        17       board.  They had to have the Comptroller on the

        18       board.  Finally somebody said, "Has anybody

        19       asked the Comptroller?"  So they asked the

        20       Comptroller.  He says, "I don't want to be on

        21       the board."

        22                      Then, well, they wanted one thing

        23       after another, but let me say this and it was











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         1       concern too -- Senator Ohrenstein and the other

         2       side and to the Minority, we have put in this

         3       legislation giving the Minority of both houses

         4       appointments on all the boards.  That's a first,

         5       something that I support and everybody.  I know

         6       that there was concern expressed in the Banking

         7       Committee, and Senator Ohrenstein will have an

         8       appointment on this board, on all the boards,

         9       all three of them.

        10                      ACTING PRESIDENT KUHL:  Senator

        11       Gold, you still have the floor.

        12                      SENATOR GOLD:  Senator -

        13                      SENATOR FARLEY:  Yes, sir.

        14                      SENATOR GOLD:  Is there a memo on

        15       this bill, Senator Farley?

        16                      SENATOR FARLEY:  Yes, there is.

        17                      SENATOR GOLD:  The -- I realize

        18       it's reported out of committee a few minutes ago

        19       and limited to only 54 pages, but I thought it

        20       would be interesting to see if there was a

        21       memo.

        22                      SENATOR FARLEY:  There certainly

        23       is.  Let me hand deliver a memo to the Acting











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         1       Minority Leader.

         2                      SENATOR GOLD:  If the record

         3       would reflect that we each walked halfway and he

         4       hand delivered the message.

         5                      ACTING PRESIDENT KUHL:  I thought

         6       Senator Farley went three-quarters of the way

         7       there, Senator Gold.

         8                      SENATOR FARLEY:  I've gone 90

         9       percent of the way on this.

        10                      SENATOR GOLD:  Based upon the

        11       merits of the bill, he should have gone 90

        12       percent of the way.

        13                      Senator Farley, I appreciate

        14       your giving me the memoranda and there

        15       may be some other questions by other people, but

        16       maybe we can cut through a little of it.  You

        17       say the bill deals with low cost checking.

        18       How do you define "low cost checking"?  You said

        19       eight transactions or something?

        20                      How do you define "low cost

        21       checking"?

        22                      SENATOR FARLEY:  The Banking

        23       Board will set the fees.  Incidentally, in their











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         1       bill that we had to correct -

         2                      SENATOR GOLD:  In other words,

         3       low cost checking means where the Banking Board

         4       sets the fees?

         5                      SENATOR FARLEY:  That's correct.

         6                      SENATOR GOLD:  So, in other

         7       words, wherever they set the fees.

         8                      SENATOR FARLEY:  You want to set

         9       the fee in statute?

        10                      SENATOR GOLD:  No, no, I'm asking

        11       you what "low cost checking" is.  You say that's

        12       checking that the Banking Board -

        13                      SENATOR FARLEY:  We have directed

        14       the Banking Board to -

        15                      SENATOR GOLD:  Can you get it

        16       when we're both talking at the same time?

        17                      ACTING PRESIDENT KUHL:

        18       Gentlemen, just so that we keep this so the

        19       stenographer can take this all down, I'd ask

        20       that you direct your questions and answers

        21       through the Chair up here.  Senator Gold, you

        22       had a question.

        23                      SENATOR GOLD:  Yeah, I'm trying











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         1       to get the whole question out so that we could

         2       be more specific.

         3                      ACTING PRESIDENT KUHL:  You

         4       asking Senator Farley to yield to a question?

         5                      SENATOR GOLD:  I'm asking what

         6       you're defining as "low cost checking", as

         7       opposed to high cost checking.

         8                      SENATOR FARLEY:  That means a fee

         9       for a checking account that would be

        10       substantially lower than a monthly checking

        11       account.  The New Jersey plan for lifeline

        12       checking has been very successful.  I mentioned

        13       that in my remarks and I suspect that the

        14       Banking Board will set -- will follow the New

        15       Jersey experience.

        16                      SENATOR GOLD:  You -- you said

        17       that there will be a credit card information

        18       program.  Is that the 800 number?

        19                      SENATOR FARLEY:  That's correct.

        20                      SENATOR GOLD:  And do you know

        21       how that works? I mean we have a number of 800

        22       numbers now in the state, and a lot of them are

        23       useless because we don't fund them and you can't











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         1       get through on them anyway.  One 800 number with

         2       one phone and you've got millions of people

         3       calling, and it doesn't do much good.

         4                      SENATOR FARLEY:  That was not my

         5       idea, Senator Gold, and I had trepidations about

         6       it also, but it was an absolute insistence on

         7       the part of the Assembly to have this 800 number

         8       which would give you credit card information

         9       which we hope is up to date and which we hope is

        10       accurate and which we hope that they'll answer.

        11                      SENATOR GOLD:  Well, I think it's

        12       a great idea.  I'm just trying to find out

        13       whether we're funding it.  I give the Assembly

        14       credit for giving this great idea.  Now, I want

        15       to know whether the Senate gets any credit for

        16       funding it.

        17                      SENATOR FARLEY:  Yes, that

        18       probably will be added in, in the budget, which

        19       we're working on right now.

        20                      SENATOR GOLD:  O.K. You said that

        21       the bill has credit card parity so we get

        22       greater parity with other states.  How does that

        23       work?











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         1                      SENATOR FARLEY:  How that works

         2       is that basically I would venture to say that

         3       the credit card that you have in your pocket is

         4       not a New York-based credit card.  I'll bet you

         5       a nickel or more, whatever you wish.  What this

         6       does -

         7                      SENATOR GOLD:  Who's got credit

         8       cards?

         9                      SENATOR FARLEY:  What this does

        10       is allow the few -- and boy, are we few -

        11       credit card companies that are still operating

        12       in New York State and not in Delaware or South

        13       Dakota, it allows -- it has four revisions

        14       here.

        15                      They've had a lot of problems

        16       with credit cards being stolen, fraud and

        17       theft.  It allows them to mail the credit cards

        18       out to customers from different locations.  It

        19       also provides for certain limited fees.  It's

        20       similar to the score of other credit cards that

        21       are issued out of state and it provides for

        22       specific authority for credit card introductory

        23       rates and rate sales.  In other words, that's











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         1       where it -- they'll give you a very low interest

         2       for a very short period of time or something

         3       like that.  In other words, you know how a home

         4       equity line is that the first year you pay two

         5       percent and after that it goes up.

         6                      There are basically four

         7       revisions which all of the credit card companies

         8       that do not operate in New York State have.

         9       We've done that before.

        10                      SENATOR GOLD:  Well, may -- if

        11       the Senator will yield to a question.  Does it

        12       affect the interest rate that's put on it?

        13                      SENATOR FARLEY:  Does it affect

        14       the interest rate? No, it does not, as far as I

        15       know.  Does it affect the interest rate? No.  We

        16       do nothing about the interest rate.

        17                      SENATOR GOLD:  All right.

        18                      SENATOR FARLEY:  That's a very

        19       competitive industry.

        20                      SENATOR GOLD:  So when you say,

        21       if I understand you -- when you say "parity,"

        22       are you saying that the parity comes from these

        23       basically promotional ideas, the initial











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         1       starting rate and the lower interest, the short

         2       period of time?

         3                      SENATOR FARLEY:  Basically, what

         4       it does in that area is gives them the same law

         5       that -- it conforms the laws that are in the

         6       other states, in Delaware and South Dakota

         7       basically, where all the credit cards are issued

         8       where their operations are.

         9                      SENATOR GOLD:  Yeah, but,

        10       Senator, that's what I'm talking about.  You are

        11       well aware, Senator Farley, and I know you're a

        12       professor of law here, so you're doubly aware

        13       that our Constitution does not allow us to pass

        14       legislation just by referring to other states.

        15       We have to put it in language.  So I'm asking

        16       you:  What is the language; what is it that the

        17       other states have statutorily that we are

        18       conforming to?

        19                      SENATOR FARLEY:  Hold on.  We do

        20       not reference other laws.

        21                      SENATOR GOLD:  No, I know you

        22       don't.

        23                      SENATOR FARLEY:  Just a -- let me











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         1       finish.  On page 13 of the bill, it spells out

         2       the answer to your question.  I -- this is a

         3       summation, I won't read it to you, but the fees

         4       and charges permitted under this subdivision are

         5       interest under New York law and all terms and

         6       conditions and provisions of a retail install

         7       ment credit including that without limitation

         8       credit card charges, and fees, and so forth.

         9                      SENATOR GOLD:  What does that

        10       mean?  Senator, I don't want you to read it to

        11       me; I want you to tell me what it means.

        12       There's a reference to a section of the United

        13       States Code.

        14                      SENATOR FARLEY:  It says -- well,

        15       if I can generalize, it says that credit card

        16       rates are deregulated because that's what New

        17       York State law says.  It refers to New York

        18       State law; isn't that correct?

        19                      SENATOR GOLD:  Well, Senator -

        20                      SENATOR FARLEY:  We know, the

        21       interest rate in New York State is deregulated.

        22       In essence, that's what it says.

        23                      SENATOR GOLD:  Yeah, if the











                                                              239

         1       Senator will yield to a question.

         2                      SENATOR FARLEY:  Yeah.

         3                      SENATOR GOLD:  Senator, you just

         4       referred me to that page.  I didn't pick the

         5       page out and ask you what it meant.  What I'd

         6       like you to just tell me, when you say that

         7       we're creating parity and doing what other

         8       states do, what is -- what are other states

         9       doing that this bill will now do?  You pointed

        10       me to the section, which makes no sense to me in

        11       answer to that question.

        12                      SENATOR FARLEY:  Basically,

        13       Senator Gold, other states have deregulated the

        14       entire banking industry.  We're not an island

        15       and we're deregulating -- deregulated also,

        16       that's basically what it is.  It's the -- it

        17       means that it will conform to New York law.

        18                      Should we put -- should we put in

        19       a ceiling on credit card rates, this bill -

        20       this provision would -- would not negate that.

        21       Excuse me.  This provision just says it will

        22       conform to New York State interest laws.

        23                      SENATOR GOLD:  Senator, as I -











                                                              240

         1       if the Senator will yield to a question, Mr.

         2       President.

         3                      ACTING PRESIDENT KUHL:  Senator

         4       will.

         5                      SENATOR GOLD:  Senator, I hear

         6       the words.  I do hear your words.  I just don't

         7       understand them in relationship to my question.

         8       You said that the bill creates credit card

         9       parity so that, when you deal with credit cards

        10       in New York State, they'll be competitive.

        11       Other states are getting all our credit card

        12       business, and all I want to know -

        13                      SENATOR FARLEY:  That's only -

        14       all right.  Go ahead.

        15                      SENATOR GOLD:  Can I finish the

        16       question, Mr. President? All I want to know,

        17       Senator Farley, in plain English is what is the

        18       parity; what does it actually do that they will

        19       now be able to do in New York State that they're

        20       allowed to do in the other states that will make

        21       our credit card business competitive?  That's

        22       all I'm asking.

        23                      SENATOR FARLEY:  O.K. Let me try











                                                              241

         1       again.  I thought I explained this when I

         2       spoke.  Incidentally, "credit card parity",

         3       quote, is just a term that I used to try to say

         4       that we want to conform the credit card issuers

         5       that are in this state with the 90 percent of

         6       the other credit cards that are around the

         7       country.  A lot of New York banks have their

         8       operations in Delaware and South Dakota.

         9                      SENATOR GOLD:  What do we have to

        10       do that?

        11                      SENATOR FARLEY:  Let me finish,

        12       and then you can start reasking your question.

        13       What we're trying to do here is to give our

        14       credit card issuers, the employees that work in

        15       these credit card industries in New York State,

        16       a chance to keep working and not be

        17       non-competitive.  We have had a terrible problem

        18       in New York State in certain areas in your city

        19       where credit cards have been stolen, where

        20       there's been terrific fraud, and we want to be

        21       able to vary where they can mail it from.

        22                      That's one of the provisions in

        23       this.  All of these provisions that are in the











                                                              242

         1       credit card, quote "parity", and I wish I hadn't

         2       used the word if it gets you so upset, is that

         3       we're trying to conform the laws or conform our

         4       credit card industry with the 90 percent of all

         5       credit cards that are issued around the United

         6       States.

         7                      SENATOR GOLD:  O.K. Great, Mr.

         8       President, I want to thank him for that answer.

         9                      ACTING PRESIDENT KUHL:  Senator

        10       Gold.

        11                      SENATOR GOLD:  I want the record

        12       to indicate I'm in favor of that.  Senator

        13       Farley, will you yield to one question?

        14                      SENATOR FARLEY:  Yes.

        15                      SENATOR GOLD:  How do we do it?

        16       How does this bill do that?  How does this bill

        17       conform it in 90 percent of the way? You're

        18       telling me you want to do it.  I'm not arguing.

        19       You tell me you want to put people to work.  I'm

        20       not arguing.  Aside from allowing them to mail

        21       the cards from different locations, what else

        22       does the bill do?  It's got 54 pages.  It must

        23       do something.











                                                              243

         1                      SENATOR FARLEY:  O.K.  O.K. One

         2       provision was that they could only mail

         3       something from New York State, O.K.?

         4                      SENATOR GOLD:  Yeah.

         5                      SENATOR FARLEY:  They could only

         6       mail something from New York State.  That was in

         7       our law.  What this does, it gives them

         8       flexibility.  They can mail it from New Jersey,

         9       a close neighbor of Senator Marchi's.  They can

        10       mail it from Connecticut, if they wish to.

        11                      SENATOR GOLD:  I love that.

        12                      SENATOR FARLEY:  They can vary

        13       it.  That's one of the changes.  There's no

        14       restriction, and I guess there's no restriction

        15       on other credit card companies as to where they

        16       have to mail the stuff.

        17                      SENATOR GOLD:  I appreciate -- is

        18       there any other conforming?

        19                      SENATOR FARLEY:  Yes, there is.

        20                      SENATOR GOLD:  The parity comes

        21       from the mailing, or is there anything else?

        22                      SENATOR FARLEY:  It allows them

        23       specific authority for credit card introductory











                                                              244

         1       rates.  In other words, they can give you, and

         2       we couldn't do that before, our issuers could

         3       not.  They now can have, if you want an intro

         4       ductory rate for a credit card and they can give

         5       you a very low interest for a short period of

         6       time, I guess, or maybe a long period of time if

         7       they wish to.  They couldn't do that before.

         8       Other credit card issuers can do that.

         9                      Let me just say something to my

        10       colleagues, including you, Senator Gold.  Last

        11       July -

        12                      ACTING PRESIDENT KUHL:  Senator

        13       Farley, this is in response to Senator Gold's

        14       question?

        15                      SENATOR GOLD:  Yes.

        16                      SENATOR FARLEY:  Well, it's a

        17       little bit non-germane.

        18                      SENATOR GOLD:  I don't mind.  If

        19       it's important for you to say, I'm willing to

        20       hear it.

        21                      ACTING PRESIDENT KUHL:  Senator

        22       Farley.

        23                      SENATOR FARLEY:  I would like to











                                                              245

         1       thank my colleagues in this house, and Senator

         2       Onorato and quite a few others.  We passed in

         3       July a bill, 54 to 5, that was just a clean

         4       extension of the Banking Law.  We had none of

         5       these provisions in it, and I thank my

         6       colleagues for that, because it helped us in

         7       negotiation.

         8                      SENATOR GOLD:  Good.  Mr.

         9       President.

        10                      ACTING PRESIDENT KUHL:  Senator

        11       Gold.

        12                      SENATOR GOLD:  Will the Senator

        13       yield to a question?

        14                      ACTING PRESIDENT KUHL:  Senator

        15       Farley, do you yield?  Senator Gold.

        16                      SENATOR GOLD:  Senator Farley, I

        17       think we're making real progress on this parity

        18       issue, and I know it's your word.  We allow them

        19       to mail from any place outside of New York and

        20       we allow them to use introductory interest rates

        21       and promotional interest rates.  Is there

        22       anything else in that area that we do that you

        23       would put under this category of parity?











                                                              246

         1                      SENATOR FARLEY:  Yes.  There is.

         2       To give you an example, if you lose three credit

         3       cards -- and I know that you would never do that

         4        -- if you lose three credit cards, they can

         5       charge you to give you a fourth one.  That's one

         6       other item.

         7                      SENATOR GOLD:  Anything else? I

         8       mean let's get it all out so we know what we're

         9       voting on.

        10                      SENATOR FARLEY:  That's about it,

        11       Senator.  There's not an awful lot.  We have -

        12       I suppose you can come up with some more.  If I

        13       can find some more parity things, I'd be willing

        14       to give it to our credit card issuers because we

        15       need the jobs.

        16                      SENATOR GOLD:  Yeah, I'm for

        17       that.  Will the Senator yield to one more

        18       question?

        19                      ACTING PRESIDENT KUHL:  Senator

        20       will.

        21                      SENATOR GOLD:  This also refers

        22       to what you described as the Motor Vehicle

        23       Leasing Act.  How does that part of it work,











                                                              247

         1       Senator?

         2                      SENATOR FARLEY:  That is

         3       something that I have not been enthusiastic

         4       over, not because of regulating the leasing

         5       companies is not a good idea.  That's really a

         6       bill that was in Consumer Affairs over there in

         7       the Assembly.  Basically it's the Assembly's

         8       bill with a little -- with a couple wrinkles

         9       that have been changed, and we have agreed to

        10       allow it in the banking bill, and the change

        11       basically is the disclosures that would be

        12       involved.

        13                      Just a moment.  The bill would

        14       add a new Article 9 to the Personal Property Law

        15       to require that every lessor to inform the

        16       consumer of the monthly payment, the number of

        17       months in the term, any payment due at the start

        18       of the lease, the residual value of the vehicle,

        19       the purchase option price formula, the

        20       disposition fee, the number of miles assumed

        21       under the lease, and the per mile charge for

        22       exceeding the assumed mileage and the formula

        23       under which a lessor would apply to determine a











                                                              248

         1       consumer's early termination liability.

         2                      A consumer would also be informed

         3       of the cost of the insurance, the administrative

         4       fees, taxes, title charges and other fees.

         5       These would be available in a sample lease which

         6       would be made available to the consumer upon

         7       request, so that the consumer could compare the

         8       costs of the different leases.

         9                      If the lease application is

        10       rejected, the payment that the consumer made

        11       must be refunded within 15 days of rejection.

        12       If a consumer withdraws their offer, any vehicle

        13       that the consumer traded in and any payment that

        14       might have been made must be returned promptly.

        15                      A lessor may not transfer any

        16       vehicle offered in the trade until the lease is

        17       executed.  A consumer would receive a complete

        18       and conspicuous notice separate from the lease

        19       itself, setting forth the consumer's obligation

        20       if the car is a total loss as a result of the

        21       theft or damage.

        22                      The bill would also permit the

        23       provision of gap insurance which would protect











                                                              249

         1       consumers against financial liability for the

         2       difference between what they owe and what the

         3       car's insured worth is when it is deemed to be a

         4       total loss through the theft or damage.

         5                      The bill also provides for a

         6       dispute resolution process subject to the

         7       regulation by the Attorney General and permits

         8       consumers to bring suits in dispute.

         9                      SENATOR GOLD:  Thank you.  Will

        10       the Senator yield to another question?

        11                      ACTING PRESIDENT KUHL:  Senator

        12       Farley will.

        13                      SENATOR GOLD:  I'm trying,

        14       Senator, to listen to you and also digest the

        15       memo at the same time and do my best.  On page 3

        16       of your memo, it talks about -- it says Chapter

        17       548 of 1987 provided that banking and other

        18       financial institutions which offered checking

        19       accounts shall offer an account on which

        20       canceled checks are returned to the customer.

        21       What -- what is that supposed to mean in

        22       reference to it?  I know there's some banks -

        23                      SENATOR FARLEY:  I still -











                                                              250

         1                      SENATOR GOLD:  There are some

         2       banks where they have -

         3                      SENATOR FARLEY:  That's the

         4       current law, Senator Gold.

         5                      SENATOR GOLD:  I understand it.

         6       But what is the purpose of referencing it here?

         7       Was there some reason?

         8                      SENATOR FARLEY:  It says you have

         9       to return checks.

        10                      SENATOR GOLD:  What?

        11                      SENATOR FARLEY:  You have to

        12       return checks.  Banks have to return your

        13       checks.

        14                      SENATOR GOLD:  That's not what it

        15       says.  They must offer you that kind of an

        16       account.  In other words, the bank can have that

        17       kind and another kind, is that correct?

        18                      SENATOR FARLEY:  No.  I guess

        19       they can have both, but don't they return

        20       checks?

        21                      SENATOR GOLD:  Well, what I'm

        22       trying to understand, Senator, and as I say, I'm

        23       going -











                                                              251

         1                      SENATOR FARLEY: Well, my point of

         2       it is they can offer you an account where you

         3       don't want the checks returned.  You say don't

         4       clutter up my house with canceled checks.  If

         5       that's what you prefer, they can do that to you,

         6       but they have to offer to return your checks.

         7                      SENATOR GOLD:  Right, but when

         8       you say, Senator, it's in the law today, that's

         9       what the memo says.  The memo says Chapter 548

        10       of 1987 voided that.  What is -- why is the

        11       reference in here? In other words, if we don't

        12       pass this bill today, that would lapse, is that

        13       correct?

        14                      SENATOR FARLEY:  That's correct.

        15                      SENATOR GOLD:  All right.  That's

        16       one of the provisions that would lapse.  On page

        17       4, it talks about authorizing the making of

        18       variable rate closed end installment loans and

        19       also I guess there's provisions for open ended.

        20       Can you tell me what -- what is that difference?

        21       I'm a layman on that.  What is the difference,

        22       and how does this law affect that?

        23                      SENATOR FARLEY:  You know what











                                                              252

         1       I'll do, Senator Gold.  I can understand your

         2       real interest in all of these specifics.  That

         3       is the current Banking Law which you voted for a

         4       number of years ago.  It's been on the books for

         5       a long time.  I'll be happy to send you a copy

         6       of the entire Banking Law as it exists.

         7                      We're not changing any of that.

         8       We're just allowing it not to expire and, of

         9       course, if this keeps up, it may expire.

        10                      SENATOR GOLD:  Yeah, it might.

        11       Mr. President, at this point -

        12                      ACTING PRESIDENT KUHL:  Senator

        13       Gold.

        14                      SENATOR GOLD:  -- if I could

        15       yield to Senator Dollinger.  You have some

        16       questions?  Yeah, I want to yield to Senator

        17       Dollinger.  I'll read the memo in the meantime.

        18                      ACTING PRESIDENT KUHL:  Senator

        19       Dollinger.

        20                      SENATOR DOLLINGER:  Senator yield

        21       to a question?

        22                      SENATOR FARLEY:  I'd be happy to,

        23       Senator Dollinger.











                                                              253

         1                      SENATOR DOLLINGER:  First of all,

         2       by way of reference, I'd like to commend the

         3       chairman of the Committee on Banks.  I know it's

         4       quite frustrating to get to the Ivory soap point

         5       where it's 99 and 44/100ths pure, but you don't

         6       have the final.

         7                      SENATOR FARLEY:  I took 98.6 but

         8       I'll take -

         9                      SENATOR DOLLINGER:  It sounds to

        10       me like you're at the 99 and 44/100ths.  What

        11       I'd like do through you, by way of question, Mr.

        12       President, is it my understanding that page 7,

        13       lines 6 through 18, are the provision that the

        14       chairman of the Banking Committee discussed that

        15       are currently in dispute with our colleagues in

        16       the Assembly, is that correct?

        17                      SENATOR FARLEY:  7, line 6.  Just

        18       a second.

        19                      SENATOR DOLLINGER:  I'm trying to

        20       make sure that I understand the provision that

        21       is currently contested.

        22                      SENATOR FARLEY:  Yes, yes.

        23                      SENATOR DOLLINGER:  O.K. Through











                                                              254

         1       you again, Mr. President, I just want to make

         2       sure I understand the -- the way this works.

         3       Dealing with section (b) starting at line 6, it

         4       says, The purposes of the SBIC sheets are to

         5       provide, in effect, to facilitate small business

         6       ownership by minorities.  Is the term

         7       "minorities" defined in the act?

         8                      SENATOR FARLEY:  It would be -

         9       it's, Senator, that it's my understanding

        10       applies to the federal law, what the federal law

        11       allows as minorities.

        12                      SENATOR DOLLINGER:  O.K., but

        13       there's no reference in the act, is there, to

        14       the federal definition of that term?

        15                      SENATOR FARLEY:  No, there is

        16       not.  Incidentally, just for your information,

        17       the federal law does not include women.

        18                      SENATOR DOLLINGER:  Excuse me?

        19                      SENATOR FARLEY:  It does not

        20       include women.

        21                      SENATOR DOLLINGER:  Does not

        22       include women?

        23                      SENATOR FARLEY:  The federal law











                                                              255

         1       does not include women under the definition of

         2       "minority".

         3                      SENATOR DOLLINGER:  Again through

         4       you, Mr. President, another question of the

         5       speaker, if the speaker will yield.

         6                      ACTING PRESIDENT KUHL:  Senator

         7       Farley, will you yield?

         8                      SENATOR FARLEY:  Sure.

         9                      SENATOR DOLLINGER:  Where by

        10       reference do we incorporate the definition

        11       section of the federal law?

        12                      SENATOR FARLEY:  Well, -- well,

        13       here's the problem.  I think -- the original -

        14       the original language of the Governor's program

        15       bill, which this is at the request of the

        16       Governor, this particular bill, used the federal

        17       language almost in total.  The Assembly has

        18       really changed that substantially.  We have been

        19       desperately trying to make it more inclusive.

        20                      SENATOR DOLLINGER:  Right.

        21                      SENATOR FARLEY:  And this

        22       particular language, the only difference in this

        23       and the Assembly bill is that it might include











                                                              256

         1       persons eligible for the earned income tax

         2       credit.  That's basically the only thing that

         3       we're plugging into the Assembly language.

         4                      SENATOR DOLLINGER:  Correct.

         5       Again through you, Mr. President.

         6                      ACTING PRESIDENT KUHL:  Senator

         7       Farley continue to yield?

         8                      SENATOR FARLEY:  Sure.

         9                      SENATOR DOLLINGER:  The purpose

        10       of my question is, as I look downstream in this

        11       particular language, and I've got several other

        12       questions that deal with the particulars of it,

        13       is just to try to clarify what the terms mean so

        14       that, if this is some day challenged, that there

        15       will be some sense among the members of this

        16       body in passing this bill what those specific

        17       terms mean.

        18                      Is it my -- correct in my

        19       understanding that the intention here is to

        20       incorporate the federal SBIC law definition of

        21       the term "minorities"?

        22                      SENATOR FARLEY:  Yes, and you

        23       have to be licensed by the federal -- by the











                                                              257

         1       fed's before you can participate.

         2                      SENATOR DOLLINGER:  O.K. So we're

         3       going to adopt, incorporate then federal

         4       definitions; is that correct?

         5                      SENATOR FARLEY:  That's correct.

         6                      SENATOR DOLLINGER:  All right.

         7       Through you, Mr. President, if the sponsor will

         8       continue to yield.

         9                      ACTING PRESIDENT KUHL:  Senator

        10       Farley continue to yield?

        11                      SENATOR FARLEY:  Yes.

        12                      ACTING PRESIDENT KUHL:  He does.

        13                      SENATOR DOLLINGER:  Senator, it's

        14       my understanding that minorities will continue

        15       to be eligible and then there's a second group

        16       of people that reside in highly distressed areas

        17       or highly distressed as defined in other

        18       sections of the act.

        19                      SENATOR FARLEY:  Correct.

        20                      SENATOR DOLLINGER:  And then

        21       through you, Mr. President.

        22                      SENATOR FARLEY:  Of course, it

        23       excludes almost all of your Senate District.











                                                              258

         1                      SENATOR DOLLINGER:  I'll take the

         2       chairman's word for that.

         3                      SENATOR FARLEY:  The highly

         4       distressed area excludes about 90 percent of New

         5       York State.

         6                      SENATOR DOLLINGER:  And then -

         7                      ACTING PRESIDENT KUHL:  Senator

         8       Farley continue to yield?

         9                      SENATOR FARLEY:  I certainly do.

        10                      SENATOR DOLLINGER:  Through you,

        11       Mr. President.  And then there's a third group

        12       of people, and those are the people entitled to

        13       an earned income tax credit, and it -- under an

        14       act -- it says under an enactment under -- under

        15       the Internal Revenue Code.  What does that

        16       mean?

        17                      SENATOR FARLEY:  That's just a

        18       reference to an act where that came from.

        19                      SENATOR DOLLINGER:  O.K.

        20                      SENATOR FARLEY:  Simply it allows

        21       people, poor people, to participate and possibly

        22       get into a small business.  They're excluded

        23       without that language.











                                                              259

         1                      SENATOR DOLLINGER:  Again through

         2       you, Mr. President.

         3                      ACTING PRESIDENT KUHL:  Senator

         4       Farley continue to yield?

         5                      SENATOR FARLEY:  Yes.

         6                      SENATOR DOLLINGER:  Would the

         7       eligibility for the earned income tax credit

         8       apply in a single year?

         9                      SENATOR FARLEY:  Yes.

        10                      SENATOR DOLLINGER:  Just through

        11       you, Mr. President, for clarification, if you

        12       had something -

        13                      SENATOR FARLEY:  It's on an

        14       individual return basis, yes.

        15                      SENATOR DOLLINGER:  How long

        16       would the period of eligibility last?

        17                      SENATOR FARLEY:  Well -- it would

        18        -- it would last in the year, let's hope that

        19       after they get into business, they won't need

        20       that, but I would presume it would be in the

        21       year in which they're applying they would take

        22       their earned income tax credit information and

        23       apply for a loan.











                                                              260

         1                      SENATOR DOLLINGER:  O.K. Again

         2       through you, Mr. President.

         3                      ACTING PRESIDENT KUHL:  Senator

         4       Farley continue to yield?

         5                      SENATOR FARLEY:  Yes.

         6                      ACTING PRESIDENT KUHL:  He does.

         7                      SENATOR DOLLINGER:  Senator

         8       Farley, if I understand the purpose of this

         9       provision, I may be in agreement with it.  My

        10       concern is you become eligible to apply for this

        11       assistance when you qualify for the earned

        12       income tax credit, is that correct?

        13                      SENATOR FARLEY:  Yes.

        14                      SENATOR DOLLINGER:  What happens

        15       if the first year you're in business you make

        16       enough money so you no longer qualify?

        17                      SENATOR FARLEY:  You've already

        18       got the loan.

        19                      SENATOR DOLLINGER:  So you can

        20       make repayments on the loan even though you

        21       qualify for the tax credit.

        22                      SENATOR FARLEY:  I assume so.

        23                      SENATOR DOLLINGER:  Is that











                                                              261

         1       correct?

         2                      SENATOR FARLEY:  That's correct.

         3                      SENATOR DOLLINGER:  Was there any

         4       discussion during the deliberations on this bill

         5        -- Mr. President, again through you, Mr.

         6       President -- of the question of averaging on a

         7       five-year period of the earned income tax

         8       credit?  They could -

         9                      SENATOR FARLEY:  Good point.  We

        10       can't even get the Assembly to even discuss it.

        11       The Governor thought it was a good idea.

        12                      SENATOR DOLLINGER:  I'm not

        13       suggesting that it isn't.  I'm simply trying to

        14       find out.  The current language says that if you

        15       qualify for the EITC one year, you're then

        16       eligible to apply and regardless of your past or

        17       future income, you would apply for a loan

        18       through the SBIC or SSBIC and be able to qualify

        19       for the loan, is that correct?

        20                      SENATOR FARLEY:  That's correct.

        21                      SENATOR DOLLINGER:  O.K. The last

        22       question I have on that language, if Senator

        23       Farley will continue to yield.











                                                              262

         1                      ACTING PRESIDENT KUHL:  Senator

         2       Farley continue to yield?

         3                      SENATOR FARLEY: For one last

         4       question.

         5                      SENATOR DOLLINGER:  For one last

         6       question.

         7                      ACTING PRESIDENT KUHL:  The

         8       Senator does.

         9                      SENATOR DOLLINGER:  There's a

        10       language used immediately after the earned

        11       income tax credit which states whose

        12       participation in the free enterprise system is

        13       hampered to compete effectively in a marketplace

        14       because of prevailing restrictive lending

        15       practices.

        16                      SENATOR FARLEY:  That's federal

        17       language.

        18                      SENATOR DOLLINGER:  O.K. Is that

        19       clause designed to apply to all three categories

        20       of the people?

        21                      SENATOR DOLLINGER:  Again through

        22       you, Mr. President, if Senator Farley would

        23       yield for one more question.











                                                              263

         1                      ACTING PRESIDENT KUHL:  Senator

         2       Farley continue to yield for one more question?

         3       Senator does.

         4                      SENATOR FARLEY:  The Board -- and

         5       on the question, I know what your question is

         6       going to be.  Senator Ohrenstein will have an

         7       appointment -

         8                      SENATOR DOLLINGER:  My further

         9       question, again through you, Mr. President, is

        10       how do they make that determination; is it made

        11       on the basis of each single application that

        12       comes in?

        13                      SENATOR FARLEY:  Sure.

        14                      SENATOR DOLLINGER:  And if so,

        15       again through you, Mr. President, what proof

        16       would be considered in determining whether or

        17       not an applicant who meets the EITC or a

        18       minority applicant or an applicant in an

        19       economically distressed area, what criteria

        20       would be applied to trigger the language that

        21       they have been denied effective participation in

        22       the capital system because of past restrictive

        23       practices?











                                                              264

         1                      I'm specifically making reference

         2       to the fact that this creates a need for a

         3       Richmond study to determine whether or not there

         4       have been discriminatory and restrictive

         5       practices sufficient to trigger the right of

         6       government to intervene on these bases in making

         7       these awards.

         8                      SENATOR FARLEY:  That's

         9       determined by the criteria that is given to the

        10       board, somewhat of a judgment call, I would say,

        11       wouldn't you?

        12                      SENATOR DOLLINGER:  Well, I guess

        13       I'm -- again through you, Mr. President.

        14                      ACTING PRESIDENT KUHL:  Senator

        15       Farley, you continue to yield?  Senator does.

        16                      SENATOR FARLEY:  Yeah, I'll

        17       yield.

        18                      SENATOR DOLLINGER:  So that my

        19       understanding, again through you, Mr. President,

        20       that the determination of whether or not a

        21       specific individual who is attempting to qualify

        22       for the earned income tax credit, the board in

        23       making its determination would have to decide











                                                              265

         1       that that person had been unable to compete

         2       effectively for capital in the marketplace due

         3       to prevailing or past restrictive practices.

         4                      SENATOR FARLEY:  Senator

         5       Dollinger, you're making my point.  That is why

         6       it was better off to start with the -- to use

         7       the federal language in here because we're in

         8       uncharted waters many times with these -- with

         9       this language.

        10                      As I said earlier, I don't know

        11       whether you were here, there was a deputy

        12       counsel said that there's no way we would

        13       approve this language.  I -- that bothers me.

        14       The Governor said to me that just, I guess

        15       several hours ago now, that he -- that his

        16       original language was the better way to go.  It

        17       followed -- it tracked the federal language.  I

        18       think that they may be gummin' up the works with

        19       this, but we've got to have a banking bill.

        20                      SENATOR DOLLINGER:  I

        21       appreciate.  Through you, Mr. President.

        22                      SENATOR FARLEY:  How much do we

        23       have to give?











                                                              266

         1                      SENATOR DOLLINGER:  Through you,

         2       Mr. President.

         3                      ACTING PRESIDENT KUHL:  Senator

         4       Dollinger.

         5                      SENATOR DOLLINGER:  I'm not

         6       disagreeing with Senator Farley.  I'm simply

         7       trying to elucidate if there's a point at some

         8       time in the future as to what we intended in

         9       passing this bill and whether or not we intended

        10       to incorporate federal rules, whether or not we

        11       intended to incorporate the concept of creating

        12       a criteria, having to prove that you were a

        13       victim of prevailing or past restrictive

        14       practices as a criteria for eligibility on the

        15       basis of either income status or minority

        16       status.  We may be required to do that as a

        17       matter of law.  The board may be required to do

        18       it as a matter of law in order to justify it

        19       under the Richmond case from the United States

        20       Supreme Court.

        21                      If I could ask one more question

        22       through you.

        23                      ACTING PRESIDENT KUHL:  Senator











                                                              267

         1       Farley, do you yield to another question?

         2                      SENATOR FARLEY:  You're on your

         3       third last question.

         4                      ACTING PRESIDENT KUHL:  Senator

         5       Farley yields, Senator Dollinger.

         6                      SENATOR DOLLINGER:  Well, I'm

         7       taking it from Senator Gold.  Through you, Mr.

         8       President, I am familiar with the operation of

         9       small business investment companies under the

        10       federal rules.  Those operations under the

        11       federal system have tended to try to leverage

        12       private capital to achieve small business in

        13       vestment goals.  Do I understand correctly in

        14       this bill that the goal is to bring bank capital

        15       to work rather than private capital to work to

        16       achieve the goals of the SBICs?

        17                      SENATOR FARLEY:  Well, yes, bank

        18       capital is private capital.

        19                      SENATOR DOLLINGER:  Well, but -

        20                      SENATOR FARLEY:  But they're

        21       going to put up what, 23 million? 23 million and

        22       will leverage about 70 million.

        23                      SENATOR DOLLINGER:  Through you











                                                              268

         1       again, Mr. President.

         2                      ACTING PRESIDENT KUHL:  Senator

         3       Dollinger asks Senator Farley to yield.  Do you

         4       continue to yield?

         5                      SENATOR FARLEY:  Yes, I will.

         6                      ACTING PRESIDENT KUHL:  Senator

         7       does.

         8                      SENATOR DOLLINGER:  Just explain

         9       to me, if you would, how that 23 million

        10       translates into 70 million; where does the other

        11       47 million come from?

        12                      SENATOR FARLEY:  Well, it's three

        13       to one, isn't it? There's a federal matching

        14       grant.  Currently the SBIC can obtain a

        15       three-to-one leverage, the first 15 million

        16       obtained in private capital, the additional

        17       leverage is obtained for any private capital

        18       invested up to 45 million.  The 45 million

        19       private investment will leverage the maximum

        20       amount of 90 million.  We have asked -- we have

        21       set this up so it can leverage the maximum

        22       amount of money from the federal government.

        23                      SENATOR DOLLINGER:  Now, so I











                                                              269

         1       understand it, the other match is coming from

         2       the federal government; it's not coming from

         3       private sources?

         4                      SENATOR FARLEY:  That's correct.

         5                      SENATOR DOLLINGER:  O.K. Just one

         6       final question.  This will be my final

         7       question.  Did -- in the deliberations in the -

         8       the deliberations of the Committee and the

         9       discussions with our other colleagues in the

        10       other house, was the concept of allowing

        11       privately funded small business investment

        12       corporations who do not have bank resources but

        13       would use federal tie-in dollars in what I would

        14       call truly private capital dollars, not a bank

        15       coalition putting the cash in but instead

        16       private investors putting the cash in, was that

        17       considered as an option to take -

        18                      SENATOR FARLEY:  Of course, you

        19       can already do that, Senator Dollinger.  You can

        20       do that without this law.

        21                      SENATOR DOLLINGER:  Well, I

        22       believe under the federal system but not

        23       necessarily under the state system.











                                                              270

         1                      SENATOR FARLEY:  That's correct.

         2                      SENATOR DOLLINGER:  Would there

         3       be no advantage in doing that under the state

         4       system?

         5                      SENATOR FARLEY:  Because that can

         6       already be done privately.  For instance, a

         7       small business person goes into a bank and gets

         8       a small business loan.

         9                      SENATOR DOLLINGER:  I'm -

        10                      SENATOR FARLEY:  Maybe I'm mis

        11       understanding you.

        12                      SENATOR MENDEZ:  Mr. President.

        13                      SENATOR DOLLINGER:  I have just

        14       one more question, Olga, to clarify this.

        15                      SENATOR FARLEY:  We're not

        16       setting up a state system.  We're just trying to

        17       leverage some federal money.

        18                      SENATOR DOLLINGER:  O.K. I

        19       believe Senator Gold yielded.

        20                      ACTING PRESIDENT KUHL:  Senator

        21       Dollinger, you still have the floor.

        22                      SENATOR DOLLINGER:  Mr.

        23       President, I believe I took the floor from











                                                              271

         1       Senator Gold.  I will offer it back.

         2                      SENATOR GOLD:  Yes, if you're

         3       finished, I know Senator Montgomery, Senator

         4       Mendez, whoever all, you've got it.

         5                      SENATOR DOLLINGER:  If I could

         6       ask you to yield for one split second.

         7                      ACTING PRESIDENT KUHL:  Senator

         8       Dollinger on the bill.

         9                      SENATOR DOLLINGER:  I hope it's

        10       clear my colloquy with Senator Farley was just

        11       an attempt to elucidate the proposal that's in

        12       the bill and that I see being advanced in this

        13       house.

        14                      I generally favor the concept of

        15       a broader reach of this bill.  I think that

        16       there are some technical problems with respect

        17       to the EITC and when it's used, whether it's

        18       averaged over a period of time which maybe could

        19       have effected a more direct linkage between the

        20       population attempting to be served and the funds

        21       we wanted to put into this system to attack

        22       these problems of under-development.

        23                      So I think there may be some











                                                              272

         1       other options.  I think this moves in a better

         2       direction, but my hope is that further

         3       discussion will produce a compromise with our

         4       colleagues across the way.  I know it's been

         5       difficult.  I commend the chairman of the

         6       committee for his hard work.

         7                      ACTING PRESIDENT KUHL:  Senator

         8       Montgomery.

         9                      SENATOR MONTGOMERY:  Thank you,

        10       Mr. President.

        11                      I'd just like to ask the sponsor

        12       a couple of questions.

        13                      ACTING PRESIDENT KUHL: Senator

        14       Farley, do you yield?

        15                      SENATOR FARLEY:  Yep.

        16                      ACTING PRESIDENT KUHL:  Senator

        17       Farley yields.

        18                      SENATOR MONTGOMERY:  Thank you,

        19       Senator Farley.

        20                      Senator Farley, I realize that

        21       you are -- the purpose is directed specifically

        22       at minority business entrepreneurs, and in

        23       distressed areas, as you say, in particular.  Is











                                                              273

         1       there a definition that you have for small

         2       businesses; the size in particular?

         3                      SENATOR FARLEY:  Yes.  This,

         4       again, is a federal definition.

         5                      SENATOR MONTGOMERY:  O.K.

         6                      SENATOR FARLEY:  And it is one -

         7       it is a business with a net worth of less than 6

         8       million and an average net income which would

         9       not exceed 2 million for the preceding two

        10       years.

        11                      SENATOR MONTGOMERY:  Would not

        12       exceed 2 million.

        13                      SENATOR FARLEY:  For the

        14       preceding two years.

        15                      SENATOR MONTGOMERY:  Is there -

        16       and there is no indication of the size other

        17       than that?  In other words -

        18                      SENATOR FARLEY:  Well, that's an

        19       indication of the size.

        20                      SENATOR MONTGOMERY:  It's

        21       defined.

        22                      SENATOR FARLEY:  It's the federal

        23       Small Business Administration generally defines











                                                              274

         1       it to mean those businesses with a net worth of

         2       less than $6 million and an average net income

         3       which did not exceed 2 million for the preceding

         4       two years.

         5                      SENATOR MONTGOMERY:  Do you know,

         6       for instance, in New York State, how many small

         7       businesses there are that fit into that

         8       category?

         9                      SENATOR FARLEY:  I have -

        10                      SENATOR MONTGOMERY:  That are

        11       minority in particular.

        12                      SENATOR FARLEY:  I have no idea.

        13                      SENATOR MONTGOMERY:  Do we have

        14       any record of that?

        15                      SENATOR FARLEY:  I have no idea.

        16       I have no idea.  I do know it's the only area of

        17       growth really in this state.

        18                      SENATOR MONTGOMERY:  In minority

        19       businesses?

        20                      SENATOR FARLEY:  No, small

        21       businesses.

        22                      SENATOR MONTGOMERY:  Small

        23       business.











                                                              275

         1                      Senator, do you -- is there any

         2       indication as to what categories of businesses

         3       we would primarily be targeting this -

         4                      SENATOR FARLEY:  No.

         5                      SENATOR MONTGOMERY:  There's no

         6       limit, in other words, any -- any small

         7       business?

         8                      SENATOR FARLEY:  Your imagination

         9       is your opportunity.

        10                      SENATOR MONTGOMERY:  Including

        11       retail businesses, services.

        12                      SENATOR FARLEY:  Retail,

        13       wholesale.

        14                      SENATOR MONTGOMERY:  Service

        15       businesses?

        16                      SENATOR FARLEY:  Yes, any

        17       business you've got in mind.

        18                      SENATOR MONTGOMERY:  That's good

        19       to know.  I didn't see that indicated in here.

        20                      Senator Farley, on the -- I see

        21       where one of the areas that the Small Business

        22       Investment Company, the investment company is

        23       made up of two-thirds of the -- of the board of











                                                              276

         1       people who will be, in fact, investing, putting

         2       up the money?

         3                      SENATOR FARLEY:  That's correct.

         4                      SENATOR MONTGOMERY:  So those are

         5       either individuals or institutions?

         6                      SENATOR FARLEY:  That's correct.

         7                      SENATOR MONTGOMERY:  O.K. And the

         8       other third comes from where, did you say?

         9                      SENATOR FARLEY:  Government;

        10       comes from our friend, the government.

        11                      SENATOR MONTGOMERY:  So the state

        12       will be putting in another third of the money?

        13                      SENATOR FARLEY:  That's correct.

        14                      SENATOR MONTGOMERY:  And two

        15       thirds of the board will consist of the

        16       private.

        17                      SENATOR FARLEY:  The private

        18       sector.

        19                      SENATOR MONTGOMERY:  And the

        20       other third will consist of appointees by the

        21       Majority Leader, the Speaker?

        22                      SENATOR FARLEY:  The Governor,

        23       the Majority Leader, Senator Ohrenstein -- the











                                                              277

         1       Minority Leader, excuse me, Mr. Rappleyea.

         2                      SENATOR MONTGOMERY:  All right.

         3       Can we assume then that the two-thirds investors

         4       will -- would primarily be people who are

         5       already involved in -- in the banking community

         6       by and large?

         7                      SENATOR FARLEY:  It's going to be

         8       banking institutions that decide to

         9       participate.

        10                      SENATOR MONTGOMERY:  So these -

        11       in other words we're talking about people who

        12       are part of the establishment banking industry

        13       by and large?

        14                      SENATOR FARLEY:  We're talking

        15       about people who would be making a loan

        16       probably.

        17                      SENATOR MONTGOMERY:  O.K. All

        18       right.

        19                      SENATOR FARLEY:  They're anxious

        20       to participate in this.  It's very nice to be

        21       able to lend the government's money.

        22                      SENATOR MONTGOMERY:  You -

        23                      ACTING PRESIDENT KUHL:  Senator











                                                              278

         1       Farley, you continue to yield?

         2                      SENATOR MONTGOMERY:  Oh, I'm

         3       sorry, Senator Farley.  Will you yield?

         4                      ACTING PRESIDENT KUHL:  Senator

         5       Farley, you continue to yield?

         6                      SENATOR FARLEY:  Yes, I will.

         7                      ACTING PRESIDENT KUHL:  Senator

         8       does.

         9                      SENATOR MONTGOMERY:  Senator, on

        10       this page, the bill talks about -- I do have a

        11       memo, I'm sorry.  The bill talks about the fact

        12       of the small business, this Small Business In

        13       vestment Company will participate in

        14       coordination with local -- with other state

        15       agencies, and banking -- other banking

        16       facilities, science and technology, UDC.  Are we

        17        -- do we, is that not what the Small Business

        18       Centers do now? Is that -- that's what they do

        19       primarily?

        20                      SENATOR FARLEY:  Give me that

        21       question again.

        22                      SENATOR MONTGOMERY:  You have -

        23       this refers to, on page 8, line 40, beginning at











                                                              279

         1       line 40, 41, the investment companies will as

         2       sist in coordination with assistance from local

         3       bankers, local economic development corpora

         4       tions, state Department of Economic Development

         5       and Job Development Authority.

         6                      SENATOR FARLEY:  That's called

         7       spreading the word.

         8                      SENATOR MONTGOMERY:  And do we -

         9       we already do that, do we not?

        10                      SENATOR FARLEY:  We like to think

        11       we do.

        12                      SENATOR MONTGOMERY:  Yes.

        13                      SENATOR FARLEY:  But what the

        14       purpose of that is to get that information out

        15       there so the people can participate.

        16                      SENATOR MONTGOMERY:  O.K. The -

        17       Senator Farley, I'd just like to ask you

        18       regarding -- Mr. President, if I may raise

        19       another question with Senator Farley?

        20                      ACTING PRESIDENT KUHL:  Senator

        21       Farley, do you continue to yield?

        22                      SENATOR FARLEY:  Yes, sir.

        23                      ACTING PRESIDENT KUHL:  Senator











                                                              280

         1       does.

         2                      SENATOR MONTGOMERY:  It says on

         3       page 10, Senator Farley, line 3, the corporation

         4       may contact -- contract or otherwise affiliate

         5       with local development corporations and other

         6       local development organizations, including but

         7       not limited to not-for-profit corporations

         8       established pursuant to Article 9, so forth and

         9       so on.  Does that mean that, for instance, there

        10       is a not-for-profit, and -- me rephrase that.  I

        11       don't know if it's not-for-profit.

        12                      There is a community credit union

        13       that was recently chartered in my district and

        14       one of the activities of that credit union is to

        15       function as a local lending entity.  It's -- and

        16       its board is made up of people who live in the

        17       area as well as who are -- who have various

        18       areas of expertise, and they do some small

        19       business lending primarily -

        20                      SENATOR FARLEY:  Yes, I would

        21       think that under that clause that what you speak

        22       of, not knowing precisely the -- I think they

        23       could work with that community -- with that











                                                              281

         1       credit union.

         2                      SENATOR MONTGOMERY:  In other

         3       words, can the investment company make loans

         4       through that -- that credit union or that

         5       community credit union, or how would that work?

         6                      SENATOR FARLEY:  No, they could

         7       make it to that credit union, but not through

         8       it.

         9                      SENATOR MONTGOMERY:  But it is

        10       itself a lending institution.

        11                      SENATOR FARLEY:  Yeah, but I

        12       don't think they're participating in it.

        13                      SENATOR MONTGOMERY:  Does it -

        14                      SENATOR FARLEY:  They could work

        15       with it, but no, I don't think they could make

        16       loans under this.

        17                      SENATOR MONTGOMERY:  So does that

        18       credit union now have to compete with the SBIC

        19       in terms of access to funding which it then can

        20        -- can make loans?

        21                      SENATOR FARLEY:  I guess you

        22       could -

        23                      SENATOR MONTGOMERY:  Continue to











                                                              282

         1       make loans?

         2                      SENATOR FARLEY:  You could look

         3       at it from that perspective, but these are,

         4       generally speaking, providing funding to

         5       businesses which are viewed too risky by banking

         6       institutions.  They're -- it's providing loans

         7       to people and small businesses that generally

         8       can't get loans.  I mean if you mean that your

         9        -- I think that's a positive thing.

        10                      I think that your credit union

        11       that you're talking about would be delighted to

        12       see some of your larger banking institutions

        13       making loans to -- to poor people to start a

        14       business, don't you?

        15                      SENATOR MONTGOMERY:  Well, they

        16       make loans to poor people too; that's the reason

        17       for their being.  That's what I'm concerned

        18       about in terms of this bill.

        19                      SENATOR FARLEY: Well, I'll tell

        20       you, we need more like your credit union then.

        21                      SENATOR MONTGOMERY:  Senator -

        22                      ACTING PRESIDENT KUHL:  Senator

        23       Farley, you continue to yield? Senator does.











                                                              283

         1                      SENATOR MONTGOMERY:  Yes, Mr.

         2       President.  Let me just make a statement on it.

         3       Thank you, Senator Farley.

         4                      ACTING PRESIDENT KUHL:  The floor

         5       is yours, Senator Montgomery.

         6                      SENATOR MONTGOMERY:  Let me just

         7       say that I am very pleased, and I certainly hope

         8       that this -- that the results of this bill will

         9       be as -- as intended, once all of the small -

        10       the minor disagreements are worked out.

        11                      I would just like to go on

        12       record, being on record in saying that up until

        13       this point, our attempts in the state have been

        14       very, very disappointing to say the least as it

        15       relates to trying to direct money, direct access

        16       to resources to small businesses, minority

        17       business in particular, and part of that is, as

        18       I understand it, based on speaking to the state

        19       agency people who have been charged with that

        20       mission, as well as small business people

        21       themselves.

        22                      Part of the problem is one that

        23       the small businesses in our -- that we're











                                                              284

         1       talking about, the small business that I'm

         2       talking about, minority businesses in my

         3       district, are one and two people oftentimes and

         4       three people.  It's the one guy who is

         5       struggling desperately.  He's a wonderful

         6       designer of hats.  He makes his own hats, and he

         7       goes out and markets his own hats, and when he

         8       sells that bunch -- that batch, then he has to

         9       go back and make some more through his own

        10       manufacturing entity and what have you.

        11                      He's -- granted, he needs a lot

        12       of assistance, but certainly he does not often

        13       fit into the small business category that we're

        14       talking about when we say, you know, not more

        15       than 6 million and not more than 2 million in

        16       the last year.  You know, he doesn't begin to

        17       fit that.  It's one and two businesses who make

        18       leather garments and sell a few, would like to

        19       expand, people who really are at the very, very,

        20       very beginning rudiments of business

        21       development.

        22                      We have not been able to help

        23       those people, and I think that's where a lot of











                                                              285

         1       the growth can take place if we're able to

         2       provide the kind of assistance that is -- that

         3       will allow them to grow.  There is a mind set by

         4       the lending institutions and the people who have

         5       grown up in that atmosphere of mistrust, and so

         6       we have high risk loan -- revolving loan funds

         7       in the state of New York which never make it to

         8       the hands of the high risk businesses because

         9       the people making the loans have a mind set of

        10       the -- that does not include high risk

        11       businesses.

        12                      So I'm afraid that if we're

        13       establishing the board two-thirds with people

        14       from the industry, from the community where

        15       we've experienced the problem already, I'm not

        16       sure that they're going to be able to make that

        17       flip and be able to accommodate the various

        18       nuances of really little bitty businesses that I

        19       think about when I say small business.

        20                      So that certainly is a concern of

        21       mine, and I would hope that, as we look at what

        22       happens with the funding, I don't know where the

        23       funding will go when it's not used, but what











                                                              286

         1       we've generally done is that it ends up being

         2       eaten up by something else because we blame the

         3       victim.  The small businesses didn't get it,

         4       they didn't get it because they didn't deserve

         5       it somehow; they weren't eligible to receive

         6       it.  The money is still sitting there, we

         7       weren't able to lend it.  So it goes back into

         8       the pot, and it gets redirected, and I -- I'm

         9       not able to track it always, and I don't know, I

        10       always say it gets stolen by, you know, it's the

        11       food of the minnows being stolen by the whales.

        12       That happens too often, and I certainly hope

        13       that we won't allow that to happen to this

        14       program in terms of small business.

        15                      So, Senator Farley, I commend you

        16       but, as you can see, I do have some concerns

        17       about it and it's based on having worked very

        18       closely, being frustrated for many years with

        19       the economic development entities of our state

        20       who, with every good intention, do not, in fact,

        21       offer assistance to small businesses and the

        22       whole issue of the marketing and the coordinat

        23       ing and the workshops and all of these little











                                                              287

         1       things that supposedly they do with the dog and

         2       pony shows with those small business centers.

         3                      I can tell you in no uncertain

         4       terms they do not serve small business people,

         5       people who have a bakery shop who need a loan to

         6       expand their bakery shop, or who have these

         7       kinds of problems do not have the time to go and

         8       sit and have a lecture and attend a workshop and

         9       travel up and down the state and receive

        10       certificates for being the wonderful business

        11       person of the year.  They just don't have time.

        12       They're out there trying to eke out a living,

        13       and if we can't figure out how to help those

        14       people, then the whole issue of the state

        15       helping small businesses is a charade.

        16                      So I hope this doesn't end up

        17       being in that category.

        18                      Thank you, Mr. President.

        19                      ACTING PRESIDENT KUHL:  Senator

        20       Mendez.

        21                      SENATOR MENDEZ:  Senator Farley

        22       yield for a question?

        23                      ACTING PRESIDENT KUHL:  Senator











                                                              288

         1       Farley, will you yield to a question?  Senator

         2       does.

         3                      SENATOR MENDEZ:  Senator Farley,

         4       about the effect of your bill, the small

         5       business investment, small business investment

         6       business community will give -- let me start

         7       over again.  The SBIC will provide businesses

         8       monies lending -- would lend money to small

         9       businesses throughout the state of New York and

        10       the SSBIC will provide loans to small businesses

        11       that are located in very distressed or minority

        12       or poor areas.

        13                      O.K. My question along those

        14       lines is, if there is a small businessman

        15       located or a small businesswoman located in a -

        16       in a poor area, would that person have to apply

        17       only to the SSBIC or will that person be able to

        18       apply -

        19                      SENATOR FARLEY:  No.

        20                      SENATOR MENDEZ:  -- able to apply

        21       to both?

        22                      SENATOR FARLEY:  No, no, no, can

        23       apply either place.











                                                              289

         1                      SENATOR MENDEZ:  Either one.

         2       Good.

         3                      Secondly, the banks, the banks

         4       that are participating in the SBIC or the SSBIC,

         5       would they be able to qualify for CRA credit?

         6                      SENATOR FARLEY:  Yes.

         7                      SENATOR MENDEZ:  This is a good

         8       bill.  It's a good bill because for years and

         9       years you have heard all of us here criticizing

        10       the banks for red-lining, even after that

        11       particular legislation they have not come up to

        12       par in terms of -- of doing what they're

        13       supposed to do in this area.

        14                      So that's the only thing that I

        15       think is very bad in this bill.  I think that

        16       this bill should have taken -- that we should

        17       have taken notice of the bad track record in

        18       this area, in the area of CRA, and then give a

        19       credit after a certain period of time when the

        20       SSBIC or the SBIC have proven that they have

        21       foregone the bad record that up to now they have

        22       had in this area with red-lining.

        23                      That's the only bad, bad point











                                                              290

         1       that I see in that bill.  Otherwise, Senator

         2       Farley, I think that this bill is very badly

         3       needed in our communities.  I am very happy to

         4       say that the businesses in our communities in

         5       the poor communities will be able to apply to

         6       either of these two financial entities, but the

         7       only thing, as I said before, that that is bad

         8       here, that the banks do not deserve to be

         9       receiving credit, the CRA credit with these new

        10       things because of the kind of record that they

        11       have had before.

        12                      I'm so sorry it's there but again

        13       I -- I congratulate you, and I think it's a good

        14       bill except for that.

        15                      ACTING PRESIDENT KUHL:  Is there

        16       any other Senator wishing to -

        17                      SENATOR FARLEY:  If I might, I

        18       would like to pass the bill.  The Governor's

        19       office has called me and wants to talk to me.

        20       The Assembly has adjourned after passing the

        21       extension which he has no intention -- which he

        22       has no intention of signing.

        23                      I would like to put this to











                                                              291

         1       rest.  I know that you've got an awful lot of

         2       questions.  I don't know what the purpose behind

         3       these questions is, but I know that you've been

         4       asked to take as much time as you can, but I

         5       would like to bring some finality to this, my

         6       neighbor, Senator Connor.

         7                      ACTING PRESIDENT KUHL:  Senator

         8       Connor.

         9                      SENATOR CONNOR:  Will you yield

        10       to a question?

        11                      ACTING PRESIDENT KUHL:  Senator

        12       Farley, will you yield to a question?  Senator

        13       does.

        14                      SENATOR CONNOR:  I only have 15

        15       or 20 questions, Senator.  No, just a couple on

        16       the motor vehicle, and that's why I focus on

        17       this.

        18                      SENATOR FARLEY:  That's not my

        19       area of expertise, you realize that, my fellow

        20       Senator.  But I'll do the best I can.

        21                      SENATOR CONNOR:  Well, Senator,

        22       it's new.  If you could explain, I understand

        23       there's an arbitration provision in there.











                                                              292

         1                      SENATOR FARLEY:  To settle

         2       disputes.

         3                      SENATOR CONNOR:  Right.  Now, my

         4       question is, who -- that's a good use of an

         5       arbitrator.  Seriously the -- it's the lessor

         6       though, I think, who can select its own internal

         7       arbitration -- arbitrator; is that correct?

         8                      SENATOR FARLEY:  I beg your

         9       pardon?

        10                      SENATOR CONNOR:  As I understand

        11       it, the bill provides an option to the lessor to

        12       designate its own internal arbitration procedure

        13       and arbitrator, is that correct?

        14                      SENATOR FARLEY:  Yes, that's

        15       correct.  It can be appealed, but -

        16                      SENATOR CONNOR:  Well, yeah,

        17       that's my question.  Can that be appealed?

        18                      SENATOR FARLEY:  Yes.

        19                      SENATOR CONNOR:  And if so how,

        20       if you could explain that.

        21                      SENATOR FARLEY:  Well, anyway, I

        22       think it could be appealed at -- to a lower

        23       level court, a small claims court or to -- and











                                                              293

         1       on up.

         2                      SENATOR CONNOR:  Well, generally,

         3       Senator, isn't it true that when you appeal from

         4       an arbitration you have to show that the

         5       arbitrator's decision or the arbitrator acted

         6       arbitrarily and capriciously in order to

         7       overcome?  I mean otherwise arbitration is

         8       binding.

         9                      SENATOR FARLEY:  That doesn't

        10       stop you from appealing, though.

        11                      SENATOR CONNOR:  Well, it makes

        12       your appeal short-lived though, Senator.

        13                      SENATOR FARLEY:  I couldn't

        14       concur with you more, but -

        15                      SENATOR CONNOR:  Now, in terms of

        16       these -- now, I often -- let me proffer my

        17       question.  I've been seeing these ad's, too good

        18       to be true, $300 a month, drive a brand new

        19       Cadillac off, no down payment, and then at the

        20       end of the ad, there's often -- and since I hit

        21       40 I can't read it, but before I was 40 I know

        22       the small print used to say, you know, you had

        23       to pay so many cents a mile after 8,000 miles











                                                              294

         1       and the wear and tear, and so on, and I gather,

         2       Senator, the problem with this wear and tear is

         3       that people return the car and end up with a

         4       very, very large bill for wear and tear which is

         5       determined by the lessor.

         6                      Now, as I understand this bill,

         7       isn't it true that it provides that the -- does

         8       it provide any remedy for the lessee, I guess?

         9       You know, I read in the paper last week about

        10       some guy who said, oh, he went out and got his

        11       own estimates and they wouldn't even hear about

        12       it.  What's a person in that situation to do

        13       under this bill?

        14                      SENATOR FARLEY:  I guess the

        15       whole purpose of the bill is that he could take

        16       this model lease home with him and compare it

        17       with other leases.  It gives them a little bit

        18       of comparison shopping.

        19                      SENATOR CONNOR:  O.K. Well,

        20       Senator, that was my next question or the answer

        21       to my next question which was -

        22                      SENATOR FARLEY:  Then you don't

        23       need to ask it.











                                                              295

         1                      SENATOR CONNOR:  No.

         2                      ACTING PRESIDENT KUHL:  Senator

         3       Connor, are you asking Senator Farley to

         4       continue to yield?

         5                      SENATOR FARLEY:  You're getting

         6       me in trouble here.  This is the third call from

         7       the Governor.

         8                      ACTING PRESIDENT KUHL: He does,

         9       Senator Connor.

        10                      SENATOR CONNOR:  All right.

        11       Thank you.  You have -- O.K. You say you can

        12       take the lease home and study it.  Well, you

        13       know, I'm a big believer in doing away with all

        14       these legalese terms and having plain language,

        15       and I know we have adopted "plain language"

        16       bills in the past, but I recall you being a

        17       staunch supporter of "plain language" bills.

        18                      The question is, why not require

        19       in this bill that the lease be in plain

        20       language? You know, some people could take home

        21       something with all sorts of legal terms in it

        22       and they could study it for a week and it

        23       doesn't make it any clearer.











                                                              296

         1                      SENATOR FARLEY:  We put that in

         2       one of your proposals and they rejected it out

         3       of hand.

         4                      SENATOR CONNOR:  Who is "they,"

         5       Senator?

         6                      SENATOR FARLEY:  The Assembly.

         7                      SENATOR CONNOR:  They rejected

         8       the proposal or the plain language proposal?

         9                      SENATOR FARLEY:  The plain

        10       language proposal.

        11                      SENATOR CONNOR: Well, I'm

        12       shocked, Senator.  If you had called me, I would

        13       have talked to anybody on the Assembly side and

        14       urged them to take -

        15                      SENATOR FARLEY:  I will remember

        16       that.

        17                      SENATOR CONNOR: Next time, we're

        18       friends you know, Senator, just give a call.

        19                      Now, back to my question that I

        20        -- about the alternative.  My real question is

        21       on the wear and tear, can the lessee go out and

        22       get their own estimates?

        23                      SENATOR FARLEY:  Yes, they can.











                                                              297

         1                      SENATOR CONNOR:  All right.  So,

         2       now, switching back to the Small Business

         3       Investment Corporation, Senator.  Switching off

         4       of this topic to the Small Business Investment

         5       Corporation, I'm just curious, as a member in

         6       this body who has been waiting for this banking

         7       bill for months and months and months, and we

         8       extended it to the end of January and here we

         9       are mere hours away from its expiration, just

        10       what -- what really is the political dispute

        11       about this? When was this provision in your bill

        12       in its present language, when was that put on

        13       the table? When was that put in the bill,

        14       Senator?

        15                      SENATOR FARLEY:  Which provision?

        16                      SENATOR CONNOR:  The provision to

        17       which there is no agreement.

        18                      SENATOR FARLEY:  It's been in the

        19       agreement I would say since last -- we've had

        20       everything on the table asking them to try to

        21       in -- be inclusive.  I don't think anybody in

        22       this chamber, and I can only speak for this

        23       chamber, would object to a poor person getting a











                                                              298

         1       small business loan, and being excluded simply

         2       because they're not a minority, and we have put

         3       down economically and socially deprived, we've

         4       offered that.  It's the Governor's language.  We

         5       have offered the income tax credit language.  We

         6       also have offered the economic development

         7       zone.

         8                      It -- it boggles my mind why none

         9       of these proposals have been accepted, so we

        10       have put in here the earned income tax credit

        11       provision that we felt was realistic.  All it is

        12       is for poor people, working poor people that

        13       would maybe like to get a small business loan.

        14       That's basically it.

        15                      We -- every time we had

        16       agreement, Senator Connor, we had agreement

        17       after agreement after agreement, a new thing was

        18       thrown on the table.  It was kind of like let's

        19       just keep this going on and on and on.

        20                      SENATOR CONNOR:  Now, you, the

        21       Senator -- Mr. President, if the Senator would

        22       yield.

        23                      ACTING PRESIDENT KUHL:  Senator











                                                              299

         1       Farley, do you continue to yield?

         2                      SENATOR FARLEY:  Yes.

         3                      ACTING PRESIDENT KUHL:  Senator

         4       does.

         5                      SENATOR CONNOR:  Senator, could

         6       you elucidate for me what exactly is the

         7       language that you say others -- the other house

         8       wishes to have in place of your language?

         9                      I think you've done a good job in

        10       explaining what your different proposals were as

        11       to qualifying language.

        12                      SENATOR FARLEY:  Basically, the

        13       short version, the Assembly bill would only

        14       include minorities, persons who reside in highly

        15       distressed areas which is a very exclusive -

        16       well, that's not the right word, excluding -

        17       it's a very excluding area of New York State.

        18                      SENATOR CONNOR:  Limited.

        19                      SENATOR FARLEY:  "Limited" is a

        20       better word, I'm sorry.  You're wearing me out

        21       here.  And persons who reside in neighborhood

        22       based alliance communities.  That's all.  That's

        23       all.  It does not include poor people.











                                                              300

         1                      SENATOR CONNOR:  Now, that's for

         2       the second corporation, right?

         3                      SENATOR FARLEY:  Yes, that's all

         4       we're talking about.

         5                      SENATOR CONNOR:  That's all we're

         6       talking about.  O.K. Thank you, Senator.

         7                      Mr. President, on the bill.  I

         8       don't know what it is around here, and I'm not

         9       particularly criticizing this house or the other

        10       house, but why we always have to be under the

        11       gun, why we always have to be down to the final

        12       hours on any issue, it seems, any expiration,

        13       any sunset, end of session, four days past the

        14       budget deadline, Saturday night, 4th of July,

        15       there always seems to be that in order to do or

        16       to make a reasonable attempt at doing the

        17       people's business, these -- these -- this

        18       institution of the Legislature takes us down to

        19       the wire, forces us to deal with a very complex

        20       bill.

        21                      I mean I -- if my questions to

        22       Senator Farley about the leasing provisions

        23       weren't the most technically pointed or erudite,











                                                              301

         1       it's because we just get down to the wire here

         2       and here it is a whole new provision on

         3       leasing.  All I know about leasing cars is I

         4       once did it a number of years ago, and when I

         5       took it back, the guy wanted me to pay a lot of

         6       money for a couple of dents, and we negotiated

         7       it out.

         8                      But the fact of the matter is we

         9       get hit with that.  We have all the other

        10       banking provisions, many of which have been

        11       discussed off and on over the last year.  I'm

        12       not saying these proposals are a total surprise

        13       to anybody.  They're not.  But when you get a

        14       final piece of legislation, Mr. President, it's

        15       very important to weigh it as a legislator, it's

        16       very important to weigh it.  It's very important

        17       to contrast, O.K., what's new in here from my

        18       point of view and the point of view of my

        19       constituents:  What do we gain, what do we lose,

        20       and it's a balancing.  And I'm not suggesting,

        21       Mr. President, the people who negotiated,

        22       Senator Farley and the people in the Assembly

        23       and the Governor's office, naturally as a











                                                              302

         1       product of the negotiation they do that

         2       balancing, they do a balancing, and they decide

         3       they have agreement on whatever dozen or two

         4       provisions represent changes in a banking bill.

         5                      But really, Mr. President, that's

         6       the back room negotiating that characterizes the

         7       way this Legislature operates.  As members, I

         8       believe we ought to have an opportunity to study

         9       a bill like this and evaluate if the system

        10       persists in having this negotiation by a

        11       handful, we ought to be able to evaluate what

        12       those compromises were, and the way we get down

        13       to the final hour, the way it's presented, and I

        14       know it was obvious that Senator Farley was

        15       under pressure to take some phone calls or

        16       something and would like to speed this process,

        17       but the fact of the matter is the rules allow us

        18       two hours and two hours is barely enough time to

        19       digest something like this and also to get feed

        20       back.

        21                      You know, how am I supposed to

        22       get feedback from my constituents about their -

        23       the effect on them and what their views are











                                                              303

         1       about the inevitable compromises that are struck

         2       with respect to any but the simplest

         3       legislation, and this process doesn't afford us

         4       that opportunity.  And so now here we are and

         5       the main sticking point is a difference in

         6       language, albeit an important one I suspect,

         7       between the two houses, and now we're told the

         8       other house is adjourned for a couple of hours,

         9       and I guess we're going to pass this probably

        10       and adjourn for a couple of hours and maybe

        11       we'll adjourn at the call of the Majority

        12       Leader, but I have a feeling we're going to be

        13       asked to stick around because while this state

        14       has been able to exist for weeks without a

        15       budget and this state has seemed to be able to

        16       exist for several days without a Tenant

        17       Protection Act and we've missed other deadlines

        18       and gone, Oh, my goodness, what's it mean that

        19       the last two days we haven't had a law on this

        20       or that?

        21                      I really suspect, for some

        22       reason, this Legislature is not going to let New

        23       York State exist for three minutes without a











                                                              304

         1       banking bill, a bank regulation bill, and so I

         2       suspect we're in for a long night, and I can

         3       only deplore that that's the way we make laws.

         4       I don't think it adds to the credibility of the

         5       institutions that are supposed to be doing this

         6       kind of lawmaking and, you know, I haven't heard

         7       from many people in my district who lease

         8       vehicles either as lessee or lessors.

         9                      I don't know how this will affect

        10       businesses.  I don't know how it will affect,

        11       more importantly I suspect in my district,

        12       consumers in the leasing business.  We just are

        13       never given anything but a last minute, Oh, gee,

        14       I know you got a lot of good questions but jeez,

        15       we ought to hurry up and do this.  Something is

        16       going to expire.  And I don't like -- I've been

        17       seeing this for years.  But I don't think that's

        18       the way we ought to do business, Mr. President.

        19                      SENATOR GOLD:  Mr. President.

        20                      ACTING PRESIDENT KUHL:  Senator

        21       Gold.

        22                      SENATOR GOLD:  Yeah, Senator

        23       Farley.  I have been checking out the memo, and











                                                              305

         1       I am curious about one comment that I think you

         2       made, and I want to clarify it.  In terms -- if

         3       you will yield to a question, sir.

         4                      ACTING PRESIDENT KUHL:  Senator

         5       Farley, will you yield to a question?

         6                      SENATOR FARLEY:  Yes, I will.

         7                      ACTING PRESIDENT KUHL:  Senator

         8       does.

         9                      SENATOR GOLD:  In terms of the

        10       financing agency, as it's called, mailing from

        11       outside the state and still being considered an

        12       in-state issuer of the credit cards, the way I

        13       read that, Senator, we are, by that language,

        14       authorizing these companies to basically do a

        15       large part of their day-to-day business in other

        16       states and employ people and we're going to give

        17       jobs in other state.  Isn't that exactly what's

        18       going to happen?

        19                      SENATOR FARLEY:  That's exactly

        20       what's not going to happen.

        21                      SENATOR GOLD:  I'd be glad to

        22       hear you explain that.

        23                      SENATOR FARLEY:  Yes.  You're











                                                              306

         1       very specific here on page 13 starting with line

         2       30.  But basically, Senator Gold, all that

         3       allows them to do is to take physically and drop

         4       it in a mail box outside the state.  It's to

         5       prevent theft and fraud and to kind of vary

         6       where they mail it from.

         7                      SENATOR GOLD:  In other words, if

         8       I understand you, and it makes sense, I just

         9       want to make sure I understand it, in other

        10       words, Senator, the jobs, all the work would be

        11       done in New York State?

        12                      SENATOR FARLEY:  That's correct.

        13                      SENATOR GOLD:  But instead of

        14       people who are interested in theft knowing that

        15       it always gets deposited in the Elmira post

        16       office, that this way they could have a

        17       messenger go to Cortland, could go to New

        18       Jersey, could go to Vermont, and just put them

        19       in those; is that what it is?

        20                      SENATOR FARLEY:  That's exactly

        21       it.

        22                      SENATOR GOLD:  All right.  I

        23       appreciate it, and thank you, and I think it's











                                                              307

         1       the last question.  The -- the part -- and I'm

         2       reading from this memo.

         3                      It permits charges for the

         4       additional services of replacement of stolen

         5       cards, replacement of sales slips and all of

         6       that.  Those are, just so I understand it,

         7       situations which you say will make them

         8       competitive but will be now increased costs upon

         9       the card holder if they need those services.

        10                      SENATOR FARLEY:  I -

        11                      SENATOR GOLD:  In other words,

        12       now, those are services that go with the card?

        13                      SENATOR FARLEY:  I gave you that

        14       example that they will now be able to charge

        15       you, I think, for your fourth lost credit card.

        16                      SENATOR GOLD:  Well, but this

        17       also, Senator Farley, and I'm not saying it

        18       shouldn't be the law, but I want it on the

        19       record, it says for copies of sales slips,

        20       monthly statements and other documents not

        21       required by federal or state law governing

        22       billing disputes.

        23                      In other words, right now, as I











                                                              308

         1       understand it, if you want a copy of a sales

         2       slip or whatever, you request it.  Under this

         3       there may be a charge for it, and I'm not saying

         4       it should or should not be, but the way I'm

         5       reading this memo -

         6                      SENATOR FARLEY:  That's correct.

         7                      SENATOR GOLD:  All right.  So and

         8       is -- and, Senator Farley, is that in the

         9       existing law that we're codifying or is that in

        10       addition to the new -

        11                      SENATOR FARLEY:  That's in the

        12       existing law.  It -- oh, this is a new law.

        13                      SENATOR GOLD:  Yeah.

        14                      SENATOR FARLEY:  That is not the

        15        -- that is not the current situation because

        16       banks in other states can charge those fees.

        17                      SENATOR GOLD:  I apologize for

        18       that interruption.  That is new language.

        19                      SENATOR FARLEY:  Banks in other

        20       state, banks that have credit card operations

        21       can charge those fees.  Whether they do or not

        22       depends on the credit card company.  It's a very

        23       competitive business.











                                                              309

         1                      SENATOR GOLD:  No, I understand.

         2       Mr. President, on the bill.

         3                      ACTING PRESIDENT KUHL:  Senator

         4       Gold, on the bill.

         5                      SENATOR GOLD:  Yeah.  Mr.

         6       President, I don't think there's any necessity

         7       to -- to be repetitious, and I would like very

         8       much to be associated with some of the final

         9       remarks made by our new Assistant Minority

        10       Leader, Senator Connor.

        11                      We have tried over the years and

        12       when I say "we," I mean all of us -- I'm not

        13       saying this as a Democrat/Republican issue.  We

        14       tried to make some changes in some of the

        15       legislative processes, and I would hope that the

        16       reason we want to make the changes is because of

        17       some philosophy -- philosophical tie that we

        18       have to the people who sent us here, and the

        19       comment that Senator Connor made about giving

        20       people in the districts time for comment is a

        21       very, very well taken point.

        22                      We have in our Constitution a

        23       requirement, we can't even act on bills unless











                                                              310

         1       they've been on our desks for three legislative

         2       days and, obviously, emergencies are taken care

         3       of.  But it just seems, Senator Farley, that the

         4       only -- that we all know there's got to be a

         5       better way, but the only way you get it to be a

         6       better way is to do it.  You know, sometimes I

         7       say the only way to do it is to do it.

         8                      Maybe at some point we just have

         9       to all of us stop it.  It is ridiculous.  This

        10       is an important issue and, Senator Farley, your

        11       explanations today certainly demonstrate that

        12       you are a very knowledgeable person in this

        13       field, and you're a good person to be speaking

        14       in this field.

        15                      Our main objection is that you

        16       shouldn't be subjected to having to fight on

        17       this issue within seven hours of its deadline

        18       and then we wind up in a situation where,

        19       unfortunately, laws are hard to undo.  It's hard

        20       to make a law, but it's hard to undo that, and

        21       what many of us on this side of the aisle are

        22       concerned about is that some place in this 54

        23       pages is something that maybe we didn't ask











                                                              311

         1       about.

         2                      You certainly didn't hide it out

         3       of any venality, Senator Farley.  You tried to

         4       be very open on it, but something that adversely

         5       will affect people or situations that we care

         6       very much about, and then we are stuck literally

         7       in the circumstance of trying to undo that with

         8       the same complicated three parties, our house,

         9       their house and the Governor, and it just isn't

        10        -- it isn't a good way to do it.

        11                      I would hope -- we understand the

        12       rush involved in this, and we're going to bring

        13       this to a vote, I assume, very, very, very soon,

        14       but I really would hope that it's the end of

        15       this.  It just makes no sense.  I look around

        16       this room, and I can tell you as I look at every

        17       face, I see people I respect, and somehow at

        18       sometimes I say to myself, how could these 60

        19       other people who I respect, the 200 -- the 150

        20       in the other house, the Governor, and all his

        21       staff, I look in their faces, I respect you all

        22       and we can not find a solution so that we deal

        23       with important issues in a more businesslike and











                                                              312

         1       dignified way.  It makes no sense to me.

         2                      Thank you, Mr. President.

         3                      ACTING PRESIDENT KUHL:  Is there

         4       any other Senator wishing to be heard on this

         5       bill?

         6                      (There was no response.)

         7                      Read the last section.

         8                      THE SECRETARY:  Section 67.  This

         9       act shall take effect immediately.

        10                      ACTING PRESIDENT KUHL:  Call the

        11       roll.

        12                      (The Secretary called the roll. )

        13                      ACTING PRESIDENT KUHL:  Senator

        14       Montgomery to explain her vote.

        15                      SENATOR MONTGOMERY:  Yes, I would

        16       like to explain my vote, Mr. President.

        17                      I'm going to vote for this

        18       legislation because I think obviously we have to

        19       pass a bill, and I want to be responsible in

        20       that respect, but I do want to be on record as

        21       it relates to hopefully the memorandum of

        22       agreement that is called for in the legislation,

        23       and I would hope that it is considered -- that











                                                              313

         1       it has considered some of the issues that I am

         2       raising here.

         3                      One is the size of small

         4       businesses.  I think that really needs a very

         5       careful look and a more definitive

         6       classification for businesses in our state, and

         7       the amount and the size of the loans is also

         8       very important.  The ability to -- to make small

         9       loans is sometimes very critical for small

        10       businesses, and that is not an -- an area that

        11       is dealt with oftentimes.

        12                      The representation of

        13       shareholders, I think, is extremely important

        14       and I do hope that the MOU will somehow indicate

        15       that that absolutely be reflective of the small

        16       businesss that we hope to provide assistance

        17       for.  People from the small business community,

        18       people from the minority community, women,

        19       people with a very wide range of background and

        20       experiences and not just the financial

        21       institution community representation as we are

        22       inclined -- as it is inclined to be reflective,

        23       white and male primarily.











                                                              314

         1                      There is no targeting that is

         2       indicated, and I know this is a -- it's a curse

         3       word to many people, but it's -- I think we must

         4       say it.  We must in our own minds understand the

         5       implications of it, that when you say minority,

         6       that in and of itself is very fluid, but then

         7       when you add all of the other -- the other

         8       criteria for being eligible to be assisted, if

         9       you don't say at least X percent of this program

        10       should be directed to minority businesses, it

        11       will not happen.

        12                      So I want to be on record for

        13       supporting that concept.  I want it to be done

        14       within the context of the federal and state

        15       legal aspect of targeting or setting goals or

        16       somehow establishing that a percentage of the

        17       assistance or particularly the loans shall be

        18       directed to minority businesses and, just to

        19       lastly be very parochial about this, there is a

        20       very successful kind of community credit union

        21       in my district that was started by people who

        22       live in that community; it's Bedford-Stuyvesant

        23       where we have no banks, and the reason that the











                                                              315

         1       credit union was started was because that is a

         2       community where banks have essentially fled and

         3       left us without financial institutions.

         4                      And so I don't want them to now

         5       be faced with the possibility of an entity that

         6       I'm voting for coming in and supplanting them

         7       and any other credit union that exists.  There

         8       may be one or two others in the city of New

         9       York, because they came in when no one else was

        10       willing to invest in certain communities, in

        11       certain districts.

        12                      So with that, I say, Senator

        13       Farley, I do hope that we're able to address

        14       some of those extremely important issues because

        15       without an economic engine we can't hope to

        16       generate the kinds of jobs for the people in the

        17       community that this bill wishes to address.

        18                      ACTING PRESIDENT KUHL:  Senator

        19       Montgomery, how do you vote?

        20                      SENATOR MONTGOMERY:  I vote yes.

        21                      ACTING PRESIDENT KUHL:  Senator

        22       Montgomery in the affirmative.  Announce the

        23       results.











                                                              316

         1                      Senator Dollinger to explain his

         2       vote.

         3                      SENATOR DOLLINGER:  Mr.

         4       President, I want to commend the Banking

         5       Committee again on this bill.  This is a

         6       difficult bill and a difficult concept to deal

         7       with.  I will, again, however, echo the comments

         8       of my colleague, Senator Montgomery, in that we

         9       are stepping down the road to increase the

        10       availability of funds to those who are in

        11       economic distress.

        12                      I appreciate the chairman's

        13       explanation of the broadening of that definition

        14       which this bill encompasses.  My hope is that we

        15       will continue to look at this problem of whether

        16       or not the broadening of this definition is

        17       achieving the laudable goal that the chairman of

        18       the committee has articulated and my colleague,

        19       Senator Montgomery, has articulated to bring

        20       financial capital to those who can use it as a

        21       form of entrepreneurship, increase job oppor

        22       tunities in our distressed areas, broaden the

        23       base of wealth, generate new wealth in the











                                                              317

         1       communities that desperately need it in this

         2       state.

         3                      My hope is, and I don't know

         4       whether the bill provides it, I haven't read all

         5       the details, my hope is that this will require

         6       not only a reporting requirement for the success

         7       of these small business banks and the

         8       specialized small business banks, but also that

         9       those reports come back to the Legislature so

        10       that we can evaluate whether these steps which

        11       appear to be going in the right direction are

        12       absolutely in reality moving us in that

        13       direction.

        14                      The last thing I would just

        15       mention, I asked a question about the

        16       incorporation concept.  I've done some quick

        17       research on incorporation.  I hope we don't run

        18       into a problem by incorporating both federal

        19       statutes and federal regulation into this act.

        20       It's something I have some concern about in

        21       doing some quick research.

        22                      I understand the intention is to

        23       rely on the federal principles with respect to











                                                              318

         1       earned income credits.  I hope we don't run into

         2       a problem with that.  I can't quite tell based

         3       on my research, but I certainly see our

         4       intentions not to create any constitutional

         5       problem under this bill, but instead to simply

         6       use a system of federal accounting as a means to

         7       treat part of the targeted population and

         8       facilitate the delivery of improved capital and

         9       availability of capital to people in distress.

        10                      So I hope we don't create a

        11       problem with that.  Maybe that's something we

        12       can talk about again, but I will vote in favor

        13       of this bill, Mr. President.  I think it's a

        14       good step, and I hope we keep our eyes on it to

        15       make sure that it goes in the direction we want

        16       it.

        17                      ACTING PRESIDENT KUHL:  Record

        18       Senator Dollinger in the affirmative.

        19                      Senator Onorato to explain his

        20       vote.

        21                      SENATOR ONORATO:  Thank you, Mr.

        22       President.

        23                      Senator Farley, I want to con











                                                              319

         1       gratulate you on a job very, very well done

         2       under very trying and difficult situations, and

         3       I personally want to thank you for including me

         4       in on many of your discussions.

         5                      While we passed an earlier

         6       straight out extender bill earlier this session,

         7       last session, this particular bill that we're

         8       voting on today is much more inclusive,

         9       including the auto leasing bill which was not

        10       part of the original bill, and there's a lot

        11       more in the banking bill that all of us should

        12       be appreciative, and I certainly want to assure

        13       my colleagues that it has not limited the scope

        14       of the banking institution to lend money to the

        15       small businesses in our community, but it has

        16       expanded it.

        17                      It has, as every one loves to use

        18       the phrase, leveled the ball playing field.  I

        19       think our particular version levels it a lot

        20       more than the Assembly version, and I am urging

        21       my colleagues before this day is over beyond -

        22       on both sides not only of our house but in the

        23       other house, to move forward with a deregulation











                                                              320

         1       bill that we can all live with.

         2                      I intend to vote in the affirm

         3       ative.

         4                      ACTING PRESIDENT KUHL:  Record

         5       Senator Onorato in the affirmative.  Announce

         6       the results.

         7                      SENATOR GOLD:  Hold on a second.

         8                      ACTING PRESIDENT KUHL:  Clerk

         9       will announce the results.

        10                      THE SECRETARY:  Ayes 52.

        11                      ACTING PRESIDENT KUHL:  The bill

        12       is passed.

        13                      Senator Present, what's your

        14       desire?

        15                      SENATOR PRESENT:  Thank you, Mr.

        16       President.  Let's take up the non-controversial

        17       calendar, please.

        18                      ACTING PRESIDENT KUHL:  The clerk

        19       will call the non-controversial Third Reading

        20       Calendar.

        21                      THE SECRETARY:  On page 4,

        22       Calendar Number 13, by Senator Levy, Senate Bill

        23       Number -











                                                              321

         1                      SENATOR GOLD:  Lay aside,

         2       please.

         3                      ACTING PRESIDENT KUHL:  Lay the

         4       bill aside.

         5                      THE SECRETARY:  Calendar Number

         6       25, by Senator Bruno, Senate Bill Number 1744-B,

         7       an act to amend the Executive Law.

         8                      ACTING PRESIDENT KUHL:  Last

         9       section.

        10                      THE SECRETARY:  Section 3.  This

        11       act -

        12                      SENATOR GOLD:  Lay aside,

        13       please.

        14                      ACTING PRESIDENT KUHL:  Lay the

        15       bill aside.

        16                      THE SECRETARY:  Calendar Number

        17       29, by Senator Bruno, Senate Bill Number 4615-B,

        18       an act to amend the Executive Law.

        19                      ACTING PRESIDENT KUHL:  Last

        20       section.

        21                      THE SECRETARY:  Section 3.  This

        22       act shall take effect September 1st.

        23                      ACTING PRESIDENT KUHL:  Call the











                                                              322

         1       roll.

         2                      (The Secretary called the roll. )

         3                      THE SECRETARY:  Ayes 52.

         4                      ACTING PRESIDENT KUHL:  The bill

         5       is passed.

         6                      THE SECRETARY:  Calendar Number

         7       30, by Senator Bruno, Senate Bill Number 4616

         8       B, an act to amend the Economic Development

         9       Law.

        10                      ACTING PRESIDENT KUHL:  Last

        11       section.

        12                      THE SECRETARY:  Section 2.  This

        13       act shall take effect immediately.

        14                      ACTING PRESIDENT KUHL:  Call the

        15       roll.

        16                      (The Secretary called the roll. )

        17                      THE SECRETARY:  Ayes 52.

        18                      ACTING PRESIDENT KUHL:  The bill

        19       is passed.

        20                      THE SECRETARY:  Calendar Number

        21       31, by Senator Bruno, Senate Bill Number 4617

        22       B, an act to amend the State Administrative

        23       Procedure Act.











                                                              323

         1                      SENATOR GOLD:  Lay it aside,

         2       please.

         3                      ACTING PRESIDENT KUHL:  Lay the

         4       bill aside.

         5                      THE SECRETARY:  Calendar Number

         6       47, by Senator Johnson.

         7                      SENATOR GOLD:  Lay it aside,

         8       please.

         9                      ACTING PRESIDENT KUHL:  Lay the

        10       bill aside.

        11                      THE SECRETARY:  Calendar Number

        12       49, by Senator Marino, Senate Bill Number

        13       3237-A.

        14                      SENATOR GOLD:  Lay it aside,

        15       please.

        16                      ACTING PRESIDENT KUHL:  Lay the

        17       bill aside.

        18                      THE SECRETARY:  Calendar Number

        19       54, by Senator Volker, Senate Bill Number

        20       4944-A, an act to amend the Civil Rights Law and

        21       the Criminal Procedure Law.

        22                      SENATOR GOLD:  Yeah.  Lay it

        23       aside.











                                                              324

         1                      ACTING PRESIDENT KUHL:  Lay the

         2       bill aside.

         3                      THE SECRETARY:  Calendar Number

         4       55, by Senator Skelos, Senate Bill Number 1156,

         5       an act to amend the Executive Law and the Penal

         6       Law.

         7                      SENATOR GOLD:  Lay it aside,

         8       please.

         9                      ACTING PRESIDENT KUHL:  Lay the

        10       bill aside.

        11                      THE SECRETARY:  Calendar Number

        12       63, by Senator Kuhl, Senate Bill Number 537, an

        13       act to amend the Agriculture and Markets Law.

        14                      ACTING PRESIDENT KUHL:  Last

        15       section.

        16                      THE SECRETARY:  Section 3.  This

        17       act shall take effect immediately.

        18                      ACTING PRESIDENT KUHL:  Call the

        19       roll.

        20                      (The Secretary called the roll. )

        21                      THE SECRETARY:  Ayes 52.

        22                      ACTING PRESIDENT KUHL:  The bill

        23       is passed.











                                                              325

         1                      THE SECRETARY:  Calendar Number

         2       64, by Senator Kuhl, Senate Bill Number 4654,

         3       Agriculture and Markets Law, in relation to

         4       agricultural assessments.

         5                      ACTING PRESIDENT KUHL:  Last

         6       section.

         7                      THE SECRETARY:  Section 2.  This

         8       act shall take effect immediately.

         9                      ACTING PRESIDENT KUHL:  Call the

        10       roll.

        11                      (The Secretary called the roll. )

        12                      THE SECRETARY:  Ayes 52.

        13                      ACTING PRESIDENT KUHL:  The bill

        14       is passed.

        15                      THE SECRETARY:  Calendar Number

        16       66, by Senate Kuhl, Senate Bill Number 3336-A,

        17       Agriculture and Markets Law.

        18                      ACTING PRESIDENT KUHL:  Last

        19       section.

        20                      THE SECRETARY:  Section 2.  This

        21       act shall take effect immediately.

        22                      ACTING PRESIDENT KUHL:  Call the

        23       roll.











                                                              326

         1                      (The Secretary called the roll. )

         2                      THE SECRETARY:  Ayes 52.

         3                      ACTING PRESIDENT KUHL:  The bill

         4       is passed.

         5                      THE SECRETARY:  Calendar number

         6       67, by Senator Kuhl, Senate Bill Number 3413-A,

         7       an act to amend the Agriculture and Markets

         8       Law.

         9                      SENATOR GOLD:  Lay it aside,

        10       please.

        11                      ACTING PRESIDENT KUHL:  Lay the

        12       bill aside.

        13                      THE SECRETARY:  Calendar Number

        14       68, by Senator Kuhl, Senate Bill Number 4426-B,

        15       Agriculture and Markets Law.

        16                      ACTING PRESIDENT KUHL:  Last

        17       section.

        18                      THE SECRETARY:  Section 2.  This

        19       act shall take effect immediately.

        20                      ACTING PRESIDENT KUHL:  Call the

        21       roll.

        22                      (The Secretary called the roll. )

        23                      THE SECRETARY:  Ayes 52.











                                                              327

         1                      ACTING PRESIDENT KUHL:  The bill

         2       is passed.

         3                      THE SECRETARY:  Calendar Number

         4       69, by Senator Tully, Senate Bill Number 26-A,

         5       an act to amend the Public Health Law.

         6                      ACTING PRESIDENT KUHL:  Last

         7       section.

         8                      THE SECRETARY:  Section 2.  This

         9       act shall take effect immediately.

        10                      ACTING PRESIDENT KUHL:  Call the

        11       roll.

        12                      (The Secretary called the roll. )

        13                      THE SECRETARY:  Ayes 52.

        14                      ACTING PRESIDENT KUHL:  The bill

        15       is passed.

        16                      THE SECRETARY:  Calendar Number

        17       70, by Senator Daly, Senate Bill Number 3137, an

        18       act to amend the Public Health Law, in relation

        19       to imitation controlled substances.

        20                      ACTING PRESIDENT KUHL:  Last

        21       section.

        22                      THE SECRETARY:  Section 2.  This

        23       act shall take effect immediately.











                                                              328

         1                      ACTING PRESIDENT KUHL:  Call the

         2       roll.

         3                      (The Secretary called the roll. )

         4                      THE SECRETARY:  Ayes 52.

         5                      ACTING PRESIDENT KUHL:  The bill

         6       is passed.

         7                      THE SECRETARY:  Calendar Number

         8       72, by Senator Tully, Senate -

         9                      SENATOR GOLD:  Lay it aside.

        10                      ACTING PRESIDENT KUHL:  Lay the

        11       bill aside.

        12                      THE SECRETARY:  Calendar Number

        13       74, by Senator Johnson, Senate Bill Number 1357,

        14       an act to amend the Real Property Tax Law.

        15                      ACTING PRESIDENT KUHL:  Last

        16       section.

        17                      THE SECRETARY:  Section 2.  This

        18       act shall take effect immediately.

        19                      ACTING PRESIDENT KUHL:  Call the

        20       roll.

        21                      (The Secretary called the roll. )

        22                      THE SECRETARY:  Ayes 52.

        23                      ACTING PRESIDENT KUHL:  The bill











                                                              329

         1       is passed.

         2                      THE SECRETARY:  Calendar Number

         3       75, by Senator Skelos, Senate Bill Number 1422

         4       B, an act to amend the Economic Development

         5       Law.

         6                      ACTING PRESIDENT KUHL:  Last

         7       section.

         8                      THE SECRETARY:  Section 2.  This

         9       act shall take effect immediately.

        10                      ACTING PRESIDENT KUHL:  Call the

        11       roll.

        12                      (The Secretary called the roll. )

        13                      THE SECRETARY:  Ayes 52.

        14                      ACTING PRESIDENT KUHL:  The bill

        15       is passed.

        16                      THE SECRETARY:  Calendar Number

        17       77, by Senator Johnson, Senate Bill Number 1703

        18       A, an act to amend the Real Property Tax Law.

        19                      ACTING PRESIDENT KUHL:  Last

        20       section.

        21                      THE SECRETARY:  Section 2.  This

        22       act shall take effect immediately.

        23                      ACTING PRESIDENT KUHL:  Call the











                                                              330

         1       roll.

         2                      (The Secretary called the roll. )

         3                      THE SECRETARY:  Ayes 52.

         4                      ACTING PRESIDENT KUHL:  The bill

         5       is passed.

         6                      THE SECRETARY:  Calendar Number

         7       78, by Senator Cook, Senate Bill Number 1654-A,

         8       Education Law.

         9                      ACTING PRESIDENT KUHL:  Last

        10       section.

        11                      THE SECRETARY:  Section 2.  This

        12       act shall take effect immediately.

        13                      ACTING PRESIDENT KUHL:  Call the

        14       roll.

        15                      (The Secretary called the roll. )

        16                      THE SECRETARY:  Ayes 52.

        17                      ACTING PRESIDENT KUHL:  The bill

        18       is passed.

        19                      THE SECRETARY:  Calendar Number

        20       79, by Senator Farley, Senate Bill Number

        21       2014-A, Education Law, in relation to efficiency

        22       study grants.

        23                      ACTING PRESIDENT KUHL:  Last











                                                              331

         1       section.

         2                      THE SECRETARY:  Section 2.  This

         3       act shall take effect immediately.

         4                      ACTING PRESIDENT KUHL:  Call the

         5       roll.

         6                      (The Secretary called the roll. )

         7                      THE SECRETARY:  Ayes 52.

         8                      ACTING PRESIDENT KUHL:  The bill

         9       is passed.

        10                      THE SECRETARY:  Calendar Number

        11       81, by Senator Daly, Senate Bill Number 4794-A,

        12       an act to amend the Education Law.

        13                      ACTING PRESIDENT KUHL:  Last

        14       section.

        15                      THE SECRETARY:  Section 2.  This

        16       act shall take effect immediately.

        17                      ACTING PRESIDENT KUHL:  Call the

        18       roll.

        19                      (The Secretary called the roll. )

        20                      THE SECRETARY:  Ayes 51, nays

        21       one, Senator Maltese recorded in the negative.

        22                      ACTING PRESIDENT KUHL:  The bill

        23       is passed.











                                                              332

         1                      THE SECRETARY:  Calendar Number

         2       82, by Senator Kuhl, Senate Bill Number 6215-A,

         3       Education Law, in relation to school building

         4       aid.

         5                      ACTING PRESIDENT KUHL:  There's a

         6       local fiscal impact note at the desk.  Last

         7       section.

         8                      THE SECRETARY:  Section 2.  This

         9       act shall take effect immediately.

        10                      ACTING PRESIDENT KUHL:  Call the

        11       roll.

        12                      (The Secretary called the roll. )

        13                      THE SECRETARY:  Ayes 52.

        14                      ACTING PRESIDENT KUHL:  The bill

        15       is passed.

        16                      THE SECRETARY:  Calendar Number

        17       83, by Senator Bruno, Senate Bill Number 2186,

        18       an act to amend the Real Property Tax Law.

        19                      SENATOR DOLLINGER:  Can we have

        20       an explanation?

        21                      ACTING PRESIDENT KUHL:  Lay the

        22       bill aside.

        23                      THE SECRETARY:  Calendar Number











                                                              333

         1       86, by Senator Levy, Senate Bill Number 74, an

         2       act to amend the Highway Law and the Executive

         3       Law.

         4                      ACTING PRESIDENT KUHL:  Last

         5       section.

         6                      THE SECRETARY:  Section 2.  This

         7       act shall take effect immediately.

         8                      ACTING PRESIDENT KUHL:  Call the

         9       roll.

        10                      (The Secretary called the roll. )

        11                      THE SECRETARY:  Ayes 52.

        12                      ACTING PRESIDENT KUHL:  The bill

        13       is passed.

        14                      THE SECRETARY:  Calendar Number

        15       87, by Senator Levy, Senate Bill Number 78, an

        16       act to amend the General Business Law.

        17                      ACTING PRESIDENT KUHL:  Last

        18       section.

        19                      THE SECRETARY:  Section 2.  This

        20       act shall take effect immediately.

        21                      ACTING PRESIDENT KUHL:  Call the

        22       roll.

        23                      (The Secretary called the roll. )











                                                              334

         1                      THE SECRETARY:  Ayes 51, nays

         2       one, Senator DeFrancisco recorded in the

         3       negative.

         4                      ACTING PRESIDENT KUHL:  The bill

         5       is passed.

         6                      THE SECRETARY:  Calendar Number

         7       88, by Senator Levy, Senate Bill Number 191, an

         8       act to amend the Vehicle and Traffic Law.

         9                      ACTING PRESIDENT KUHL:  Last -

        10                      SENATOR GOLD:  Lay aside.

        11                      ACTING PRESIDENT KUHL:  Lay the

        12       bill aside.

        13                      THE SECRETARY:  Calendar Number

        14       89, by Senator Levy, Senate Bill Number 192, an

        15       act to amend the Highway Law.

        16                      ACTING PRESIDENT KUHL:  There's a

        17       local fiscal impact note at the desk.  Last

        18       section.

        19                      THE SECRETARY:  Section 2.  This

        20       act shall take effect immediately.

        21                      ACTING PRESIDENT KUHL:  Call the

        22       roll.

        23                      (The Secretary called the roll. )











                                                              335

         1                      THE SECRETARY:  Ayes 52.

         2                      ACTING PRESIDENT KUHL:  The bill

         3       is passed.

         4                      THE SECRETARY:  Calendar Number

         5       90, by Senator Stafford, Senate Bill Number

         6       2778, an act to amend the Vehicle and Traffic

         7       Law, in relation to the operation of school

         8       buses.

         9                      ACTING PRESIDENT KUHL:  Last

        10       section.

        11                      THE SECRETARY:  Section 2.  This

        12       act shall take effect immediately.

        13                      ACTING PRESIDENT KUHL:  Call the

        14       roll.

        15                      (The Secretary called the roll. )

        16                      THE SECRETARY:  Ayes 51, nays -

        17       ayes 50, nays two, Senators Daly and DeFrancisco

        18       recorded in the negative.

        19                      ACTING PRESIDENT KUHL:  The bill

        20       is passed.

        21                      THE SECRETARY:  Calendar Number

        22       93, by Senator Bruno, Senate Bill Number 3945,

        23       an act to amend the Vehicle and Traffic Law.











                                                              336

         1                      ACTING PRESIDENT KUHL:  Last

         2       section.

         3                      THE SECRETARY:  Section 2.  This

         4       act shall take effect immediately.

         5                      ACTING PRESIDENT KUHL:  Call the

         6       roll.

         7                      (The Secretary called the roll. )

         8                      THE SECRETARY:  Ayes 52.

         9                      ACTING PRESIDENT KUHL:  The bill

        10       is passed.

        11                      THE SECRETARY:  Calendar Number

        12       94, by Senator Levy, Senate Bill Number 4850, an

        13       act to amend the Highway Law, in relation to

        14       expenditures for repair.

        15                      ACTING PRESIDENT KUHL:  Last

        16       section.

        17                      THE SECRETARY:  Section 2.  This

        18       act shall take effect immediately.

        19                      ACTING PRESIDENT KUHL:  Call the

        20       roll.

        21                      (The Secretary called the roll. )

        22                      THE SECRETARY:  Ayes 52.

        23                      ACTING PRESIDENT KUHL:  The bill











                                                              337

         1       is passed.

         2                      THE SECRETARY:  Calendar Number

         3       95, by Senator Johnson, Senate Bill Number 661,

         4       an act to amend the Environmental Conservation

         5       Law.

         6                      ACTING PRESIDENT KUHL:  Last

         7       section.

         8                      THE SECRETARY:  Section 2.  This

         9       act shall take effect immediately.

        10                      ACTING PRESIDENT KUHL:  Call the

        11       roll.

        12                      (The Secretary called the roll. )

        13                      THE SECRETARY:  Ayes 52.

        14                      ACTING PRESIDENT KUHL:  The bill

        15       is passed.

        16                      THE SECRETARY:  Calendar Number

        17       96, by Senator Johnson, Senate Bill Number 1303,

        18       Environmental Conservation Law.

        19                      ACTING PRESIDENT KUHL:  Last

        20       section.

        21                      THE SECRETARY:  Section 2.  This

        22       act shall take effect immediately.

        23                      ACTING PRESIDENT KUHL:  Call the











                                                              338

         1       roll.

         2                      (The Secretary called the roll. )

         3                      THE SECRETARY:  Ayes 52.

         4                      ACTING PRESIDENT KUHL:  The bill

         5       is passed.

         6                      THE SECRETARY:  Calendar Number

         7       97, by Senator Daly, Senate Bill Number 6067-A,

         8       Environmental Conservation Law.

         9                      ACTING PRESIDENT KUHL:  Last

        10       section.

        11                      THE SECRETARY:  Section 2.  This

        12       act shall take effect immediately.

        13                      ACTING PRESIDENT KUHL:  Call the

        14       roll.

        15                      (The Secretary called the roll. )

        16                      THE SECRETARY:  Ayes 52.

        17                      ACTING PRESIDENT KUHL:  The bill

        18       is passed.

        19                      THE SECRETARY:  Calendar Number

        20       98, by Senator Johnson, Senate Bill Number 6371,

        21       an act to amend the Environmental Conservation

        22       Law.

        23                      ACTING PRESIDENT KUHL:  Last











                                                              339

         1       section.

         2                      THE SECRETARY:  Section 2.  This

         3       act shall take effect immediately.

         4                      ACTING PRESIDENT KUHL:  Call the

         5       roll.

         6                      (The Secretary called the roll. )

         7                      THE SECRETARY:  Ayes 51, nays 1,

         8       Senator LaValle recorded in the negative.

         9                      ACTING PRESIDENT KUHL:  The bill

        10       is passed.

        11                      THE SECRETARY:  Calendar Number

        12       99, by Senator Johnson, Senate Bill Number 2475,

        13       an act to amend the Banking Law and the Tax

        14       Law.

        15                      ACTING PRESIDENT KUHL:  Last

        16       section.

        17                      THE SECRETARY:  Section 2.  This

        18       act shall take effect immediately.

        19                      ACTING PRESIDENT KUHL:  Call the

        20       roll.

        21                      (The Secretary called the roll. )

        22                      THE SECRETARY:  Ayes 52.

        23                      ACTING PRESIDENT KUHL:  The bill











                                                              340

         1       is passed.

         2                      THE SECRETARY:  Calendar Number

         3       100, substituted earlier today, by member of the

         4       Assembly Farrell, Assembly Bill Number 7782-A,

         5       an act to amend the Banking Law.

         6                      ACTING PRESIDENT KUHL:  Last

         7       section.

         8                      THE SECRETARY:  Section 2.  This

         9       act shall take effect immediately.

        10                      ACTING PRESIDENT KUHL:  Call the

        11       roll.

        12                      (The Secretary called the roll. )

        13                      THE SECRETARY:  Ayes 52.

        14                      ACTING PRESIDENT KUHL:  The bill

        15       is passed.

        16                      THE SECRETARY:  Calendar Number

        17       102, by Senator Farley, Senate Bill Number 1616,

        18       an act to amend the Public Officers Law, in

        19       relation to the power of the state legislators.

        20                      ACTING PRESIDENT KUHL:  Last

        21       section.

        22                      THE SECRETARY:  Section 2.  This

        23       act shall take effect immediately.











                                                              341

         1                      ACTING PRESIDENT KUHL:  Call the

         2       roll.

         3                      (The Secretary called the roll. )

         4                      THE SECRETARY:  Ayes 52.

         5                      ACTING PRESIDENT KUHL:  The bill

         6       is passed.

         7                      THE SECRETARY:  Calendar Number

         8       103, by Senator Stafford, Senate Bill Number

         9       6384, an act to amend the Tax Law.

        10                      SENATOR DOLLINGER:  Lay aside.

        11                      ACTING PRESIDENT KUHL:  Lay the

        12       bill aside.

        13                      THE SECRETARY:  Calendar Number

        14       104, Senator Libous moves to discharge the

        15       Committee on Investigations, Taxation and

        16       Government Operations from Assembly Bill Number

        17       9231-B and substitute it for the identical

        18       Calendar Number 104.

        19                      ACTING PRESIDENT KUHL:

        20       Substitution is ordered.  Last section.

        21                      THE SECRETARY:  Section 2.  This

        22       act shall take effect immediately.

        23                      ACTING PRESIDENT KUHL:  Call the











                                                              342

         1       roll.

         2                      (The Secretary called the roll. )

         3                      THE SECRETARY:  Ayes 52.

         4                      ACTING PRESIDENT KUHL:  The bill

         5       is passed.

         6                      THE SECRETARY:  Excuse me.  Ayes

         7       51, nays one, Senator Dollinger recorded in the

         8       negative.

         9                      ACTING PRESIDENT KUHL:  The bill

        10       is passed.

        11                      THE SECRETARY:  Calendar Number

        12       105, by Senator Saland, Senate Bill Number 2377,

        13       an act to amend the Family Court Act.

        14                      ACTING PRESIDENT KUHL:  Last

        15       section.

        16                      THE SECRETARY:  Section 2.  This

        17       act shall take effect immediately.

        18                      ACTING PRESIDENT KUHL:  Call the

        19       roll.

        20                      (The Secretary called the roll. )

        21                      THE SECRETARY:  Ayes 52.

        22                      ACTING PRESIDENT KUHL:  The bill

        23       is passed.











                                                              343

         1                      THE SECRETARY:  Calendar Number

         2       106, by Senator Saland, Senate Bill Number 2378,

         3       an act to amend the Social Services Law.

         4                      ACTING PRESIDENT KUHL:  Last

         5       section.

         6                      THE SECRETARY:  Section 2.  This

         7       act shall take effect immediately.

         8                      ACTING PRESIDENT KUHL:  Call the

         9       roll.

        10                      (The Secretary called the roll. )

        11                      THE SECRETARY:  Ayes 52.

        12                      ACTING PRESIDENT KUHL:  The bill

        13       is passed.

        14                      THE SECRETARY:  Calendar Number

        15       107, by Senator Saland, Senate Bill Number 3379,

        16       an act to amend the Family Court Act.

        17                      ACTING PRESIDENT KUHL:  Last

        18       section.

        19                      THE SECRETARY:  Section 2.  This

        20       act shall take effect immediately.

        21                      ACTING PRESIDENT KUHL:  Call the

        22       roll.

        23                      (The Secretary called the roll. )











                                                              344

         1                      THE SECRETARY:  Ayes 52.

         2                      ACTING PRESIDENT KUHL:  The bill

         3       is passed.

         4                      THE SECRETARY:  Calendar Number

         5       108, by Senator Libous, Senate Bill Number 4473

         6       A, an act to amend the Social Services Law.

         7                      ACTING PRESIDENT KUHL:  Last

         8       section.

         9                      THE SECRETARY:  Section 2.  This

        10       act shall take effect immediately.

        11                      ACTING PRESIDENT KUHL:  Call the

        12       roll.

        13                      (The Secretary called the roll. )

        14                      THE SECRETARY:  Ayes 52.

        15                      ACTING PRESIDENT KUHL:  The bill

        16       is passed.

        17                      THE SECRETARY:  Calendar Number

        18       109, by Senator Saland, Senate Bill Number 4868,

        19       an act to amend the Family Court Act.

        20                      ACTING PRESIDENT KUHL:  Last

        21       section.

        22                      THE SECRETARY:  Section 2.  This

        23       act shall take effect immediately.











                                                              345

         1                      ACTING PRESIDENT KUHL:  Call the

         2       roll.

         3                      (The Secretary called the roll. )

         4                      THE SECRETARY:  Ayes 52.

         5                      ACTING PRESIDENT KUHL:  The bill

         6       is passed.

         7                      Senator Present, that completes

         8       the non-controversial calendar.

         9                      SENATOR STAFFORD:  Mr.

        10       President.

        11                      ACTING PRESIDENT KUHL:  Senator

        12       Stafford.

        13                      SENATOR STAFFORD:  I ask for

        14       unanimous consent to be recorded as abstaining

        15       on Calendar Number 110, Senate Print 2106.

        16                      ACTING PRESIDENT KUHL:  Without

        17       objection, so ordered.

        18                      Senator Present.

        19                      SENATOR PRESENT:  Mr. President,

        20       let's take up the controversial calendar,

        21       please.

        22                      ACTING PRESIDENT KUHL:  Clerk

        23       will call the controversial Third Reading











                                                              346

         1       Calendar.

         2                      THE SECRETARY:  On page 4,

         3       Calendar Number 13, by Senator Levy.

         4                      SENATOR PRESENT:  Lay the bill

         5       aside for the day, please.

         6                      ACTING PRESIDENT KUHL:  Lay the

         7       bill aside temporarily.

         8                      THE SECRETARY:  Calendar Number

         9       25, by Senator Bruno, Senate Bill Number 1744

        10       B, an act to amend the Executive Law.

        11                      SENATOR GOLD:  Senator Bruno

        12       yield to a question?

        13                      ACTING PRESIDENT KUHL:  Senator

        14       Bruno, will you yield to a question from Senator

        15       Gold?

        16                      SENATOR BRUNO:  Yes.

        17                      ACTING PRESIDENT KUHL:  Senator

        18       does.

        19                      SENATOR GOLD:  Senator, this is a

        20       bill that we've had before and it's passed

        21       overwhelmingly but my notes indicate a memo in

        22       1992 from DEA -- DEC.  Are there any recent

        23       memos that you know of?











                                                              347

         1                      SENATOR BRUNO:  Not that I have

         2       in my possession, Senator.

         3                      SENATOR GOLD:  Last section.

         4                      ACTING PRESIDENT KUHL:  Last

         5       section.

         6                      THE SECRETARY:  Section 2.  This

         7       act shall take effect immediately.

         8                      ACTING PRESIDENT KUHL:  Call the

         9       roll.

        10                      (The Secretary called the roll. )

        11                      THE SECRETARY:  Ayes 51, nays 1,

        12       Senator Ohrenstein recorded in the negative.

        13                      ACTING PRESIDENT KUHL:  The bill

        14       is passed.

        15                      THE SECRETARY:  Calendar Number

        16       31, by Senator Bruno, Senate Bill Number 4617

        17       B, an act to amend the State Administrative

        18       Procedure Act.

        19                      SENATOR GOLD:  Hold on.

        20                      ACTING PRESIDENT KUHL:  Senator

        21       Gold.

        22                      SENATOR GOLD:  Could we have a

        23       short explanation, please?











                                                              348

         1                      ACTING PRESIDENT KUHL:  Senator

         2       Bruno, explanation has been requested.

         3                      SENATOR BRUNO:  Yes, Mr.

         4       President.  This bill we have passed before in

         5       this chamber.  It relates to negotiated

         6       rulemaking by state agencies.  And, very simply,

         7       if a state agency is going to establish

         8       regulations, new regulations on business, or

         9       substantially change existing regulations, they

        10       must issue a notice and the office of ORMA,

        11       Regulatory and Management Assistance, would set

        12       up an arbitrator who would arbitrate the

        13       rulemaking before a committee of the industry or

        14       business to be regulated and the state agency.

        15       And this is of no real cost to the state, but

        16       what it really does is allow businesses to have

        17       some input before they are overly regulated by a

        18       state agency.

        19                      And what happens now, after the

        20       fact, they read about it.  They get issued these

        21       regulations; and then, if they want relief, they

        22       end up in court.  They end up with attorneys.

        23       They end up negotiating from weakness.  So we're











                                                              349

         1       trying to get in front of the process.

         2                      And I can tell you that the

         3       Governor, in his wisdom, has seen fit to

         4       institute something like this in the agencies

         5       now, but the difference in what he's done and in

         6       what we're proposing is that he says, when you

         7       are going to negotiate, the agency has total

         8       control.  The agency sets the arbitrator.  The

         9       agency establishes the rules.  The agency has

        10       the reps.  They say who will serve on the

        11       committee.  And after the whole process is over,

        12       they don't have to accept one single thing that

        13       was proposed to them.

        14                      This legislation becomes law -

        15       and I encourage you to do it -- once agreement

        16       is reached by this arbitrator and the agency,

        17       then what they agree on must be included in the

        18       regs as they go forward, and the arbitrator also

        19       can encourage the agency not to go forward if,

        20       after discussions, it appears it's not in the

        21       best interests of the business community or

        22       those to be regulated.

        23                      ACTING PRESIDENT KUHL:  Senator











                                                              350

         1       Gold.

         2                      SENATOR GOLD:  Will Senator yield

         3       to a question?

         4                      SENATOR BRUNO:  Yes.

         5                      ACTING PRESIDENT KUHL:  Senator

         6       Bruno, will you yield to a question?

         7                      SENATOR BRUNO:  Yes, Mr.

         8       President.

         9                      ACTING PRESIDENT KUHL:  Senator

        10       yields.

        11                      SENATOR GOLD:  Senator Bruno, an

        12       agency decides that it wants to have a rules

        13       change under your bill I assume they start out

        14       with some kind of a notice of publication.

        15                      SENATOR BRUNO:  Yes.

        16                      SENATOR GOLD:  All right.  And

        17       who does the notice go to?

        18                      SENATOR BRUNO:  The Office of

        19       Regulatory and Management Assistance, who then

        20       notifies, puts out a notice to the industry to

        21       be regulated that this process is going to take

        22       place and invites them to reach them to indicate

        23       an interest in serving on a committee, and the











                                                              351

         1       management assistance group sets the arbitrator

         2       in place from an established list of people who

         3       are professionals in this work, so they are

         4       objective about what's going on.

         5                      SENATOR GOLD:  Senator yield to a

         6       question?

         7                      SENATOR BRUNO:  Yes, Mr.

         8       President.

         9                      ACTING PRESIDENT KUHL:  Senator

        10       yields.

        11                      SENATOR GOLD:  Senator, when you

        12       take some of the large industries that have

        13       industry groups and well-known representatives,

        14       I can understand what you said so far, but

        15       supposing you have a -- I don't know whether you

        16       want to call it an industry, but you have people

        17       who are doing business in a certain area, and

        18       there is no filed lobbyist or huge organization,

        19       what is the -- how do the people in that

        20       business -- how are they made aware of the

        21       proposed regulations?

        22                      SENATOR BRUNO:  How are they made

        23       aware?











                                                              352

         1                      SENATOR GOLD:  Yes.  In other

         2       words, who gets notified in such a situation?

         3       In other words, let's say there's a Petroleum

         4       Council.  Well, I guess you notify the Petroleum

         5       Council.  I'm not worried about the insurance

         6       industry, but there are, I don't know, maybe

         7       cleaning stores, I don't know, that may not have

         8       a huge group that represents them, as such.

         9       What does the management office do?  Who do they

        10       contact?  How do they get the notice out?

        11                      SENATOR BRUNO:  Well, if these

        12       are major rules, major regulations that are

        13       going to affect an industry -- take the chemical

        14       industry -- I'm not sure that they have

        15       lobbyists here that represent them as an

        16       industry, but they are on file at the Secretary

        17       of State's Office as to what their business is

        18       and what their interests are.  So the Office of

        19       Management Assistance would reach out into the

        20       industry through the records that are available

        21       for any company that's incorporated here in the

        22       state and creates a notice -

        23                      SENATOR GOLD: All right. So -











                                                              353

         1                      SENATOR BRUNO: -- and just

         2       invites participants.

         3                      SENATOR GOLD: So I understand it

         4       properly, it's the office's obligation to

         5       determine what is fair in terms of who they

         6       contact in order to stir up interest if it's out

         7       there.

         8                      SENATOR BRUNO: Or the state

         9       agency.  If it's EnCon and they know who the

        10       rules are going to affect, then they would be

        11       helpful with Management Assistance in getting

        12       the word out to those people.

        13                      SENATOR GOLD: Well, Senator, you

        14       brought up EnCon.  Supposing that there are new

        15       environmental regulations and it involves people

        16       who own certain types of land.  These may be

        17       Average citizens that own land and they are

        18       going to now be affected.  How does the notice

        19       get out to these people?

        20                      SENATOR BRUNO:  Well, the

        21       Governor presently has a procedure in place that

        22       I described that isn't very effective and

        23       doesn't work.  How does the Governor notify?











                                                              354

         1       Through the State Registry, and they put out the

         2       notice in that way. The only difference is -

         3       and, Senator, what I'm saying is that there is

         4       an attempt to do this now, but it's meaningless.

         5       So they basically say we publish that we're

         6       going to establish these rules.  We invite you

         7       to negotiate with us.  Okay.  But we, in

         8       essence, end up negotiating with ourselves

         9       because we're in total control of the process;

        10       and after we get through, we don't have to pay

        11       any attention to what you've had to say.

        12                      So that's very discouraging to

        13       businesses, but the notices go out presently,

        14       and there has been some exchange, but the

        15       results are poor.

        16                      SENATOR GOLD:  Mr. President.

        17                      SENATOR BRUNO:  And I believe, by

        18       the way -

        19                      SENATOR GOLD:  Sorry.

        20                      SENATOR BRUNO:  I'm sorry, but,

        21       Mr. President, the Governor in his "State of the

        22       State" message indicated that he wants to

        23       strengthen this process.  He talks about an











                                                              355

         1       ambassadorship program where there will be

         2       ambassadors with each state agency -- and we

         3       have legislation that relates to that -- to be

         4       the representative of the groups that are

         5       regulated within that agency.  So this is the

         6       direction that even the Governor's office seems

         7       to think makes sense, so there isn't anything

         8       extraordinary about this.  We're only trying to

         9       expedite the process because the business

        10       community desperately needs relief in this

        11       state.

        12                      ACTING PRESIDENT KUHL:  Senator

        13       Gold.

        14                      SENATOR GOLD:  Yes.  Senator

        15       yield to a question?

        16                      SENATOR BRUNO:  Yes.

        17                      SENATOR GOLD:  But on the point

        18       we're talking about, "how notice gets out," I

        19       don't want to be facetious in any way, but I

        20       think what you're telling me is that the

        21       Governor has a process for notice which is

        22       insufficient, but that's the process, so you're

        23       adopting that process.











                                                              356

         1                      SENATOR BRUNO:  No, the notice

         2       is -

         3                      SENATOR GOLD:  I'm not talking

         4       about the hearing part of the process but the

         5       notice part.

         6                      SENATOR BRUNO:  No, the notice

         7       gets out, and that's sufficient.  It's the

         8       process that is insufficient that we are trying

         9       to correct.  So the notice that the Governor's

        10       office presently puts out through his state

        11       agencies is fine.

        12                      SENATOR GOLD:  Mr. President.  On

        13       the bill.

        14                      ACTING PRESIDENT KUHL:  Senator

        15       Gold on the bill.

        16                      SENATOR GOLD:  We've had this

        17       bill before; and besides myself, Senator

        18       Ohrenstein and Senator Leichter, it seems to

        19       have been a good one to vote for by most of

        20       you.  It's supported I think by the National

        21       Federation of Independent Businesses.

        22                      My problem with it, Senator, is

        23       really very simple.  We are given the











                                                              357

         1       responsibility of governing.  The agencies are

         2       given delegated responsibility from the agency,

         3       and the process that Senator Bruno described

         4       indicates, as he says, that the agency reaches

         5       out but that they have the power.

         6                      The way I read your bill, first

         7       of all, the notice is really going to go to the

         8       fat cats, the big people.  Those are the

         9       industry people who are known and who register.

        10       Certainly, when you deal with legislation that

        11       may affect smaller people or more diverse

        12       interests, I'm sure the notice provisions are

        13       such that they are not going to be affected

        14       under your bill or the Governor's, but what you

        15       are basically saying, the philosophy of your

        16       bill, Senator Bruno, which I understand, is that

        17       if people are going to be affected by

        18       legislation then they should be part of the

        19       process, the rulemaking process.

        20                      The problem with that, Senator

        21       Bruno, is that everybody I represent is affected

        22       by income taxes; but before we negotiate it, we

        23       don't bring them in and have 18 million, 17











                                                              358

         1       million people voting on income taxes.  We have

         2       the responsibility.  They elect us, and then we

         3       get together and we deal with it, and that goes

         4       with every single issue.

         5                      And what we do, Senator, is we

         6       set up regulatory agencies that are supposed to

         7       regulate an industry, being fair to those people

         8       in the industry and also protecting the public

         9       interest which is their ultimate responsibility;

        10       and if they are not doing it well, then we

        11       should step in.  If a Governor is not doing it

        12       well with his agencies, we step in.

        13                      But the concept, the basic

        14       philosophical concept that before an agency can

        15       involve itself in rulemaking, which is an

        16       extension of legislative authority -- and, by

        17       the way, must be very carefully done -- that the

        18       industry involved will then be a partner and it

        19       just legislatively and governmently in my

        20       opinion makes no sense.  I realize that based

        21       upon last year's vote I am in a vast minority,

        22       but I think that's an important point to make

        23       because I think philosophically there is a major











                                                              359

         1       problem with the bill.

         2                      ACTING PRESIDENT KUHL:  Senator

         3       Bruno.

         4                      SENATOR BRUNO:  Mr. President.

         5       On the bill.

         6                      And thank you, Senator Gold, and

         7       I know you are very sincere in your observations

         8       and your comments.

         9                      Let me just point out a major

        10       distinction in your understanding, and it is

        11       probably my inability to communicate accurately

        12       and well what this bill does.

        13                      When you talked about legislators

        14       legislate and you can't open up the process to

        15       17 million people, you're right.  That's what we

        16       are elected for.  But regulators regulate, and

        17       they aren't elected by anybody.  They are

        18       appointed and many times 18 tiers down, and they

        19       take it upon themselves to regulate businesses

        20       by their own thought process not by legislation,

        21       and the public has no way of getting back at

        22       those regulators other than to submit or seek

        23       legal relief which is expensive.











                                                              360

         1                      Now, the bottom line is this, Mr.

         2       President.  Four out of ten jobs lost in this

         3       country in the last four years are from New York

         4       State.  When surveys have been done of

         5       businesses in this state -- and this is

         6       important that we hear this finally -

         7       seventy-two percent of all of the small

         8       businesses in this state said that they think

         9       that government is hostile to their business.

        10       Forty-nine percent of them said they would leave

        11       if they could.  Now, that's not what we in

        12       government ought to be all about.  We shouldn't

        13       have businesses out there feeling that we in

        14       government are hostile to those businesses.

        15                      I, Mr. President, don't think

        16       it's an accident that, since 1980, we have led

        17       the country in job loss.  Had we only kept pace

        18       in New York State with the rest of the country,

        19       1.2 million more people would be employed in New

        20       York State today.  Think about that.  If we had

        21       kept pace with the rest of the country since

        22       1980, 1.2 million more people would be employed

        23       in this state.  In the last three years since











                                                              361

         1       1990, the country has recovered their job loss.

         2       We in this state employ 8-1/2 percent less

         3       people than we did four years ago.  We are not

         4       recovering with the rest of the country.

         5                      It is this kind of

         6       overregulation, oversimplification that has been

         7       stifling business, smothering business, closing

         8       businesses, driving them out of this state; and

         9       all we keep hearing from the second floor it's

        10       everybody in the world's fault except ours.

        11                      Now, I assume part of the

        12       responsibility because I have been serving here

        13       while a lot of this has been happening, but I'm

        14       not the chief executive of this state, and

        15       somebody has to be held accountable, and I think

        16       it's about time that we stopped just using words

        17       and that we start doing something to lead this

        18       state out of the recession and join the rest of

        19       the country in job recovery because people that

        20       are unemployed out there, people that are on

        21       welfare, have a right to work and we in

        22       government should support those people and not

        23       encumber them by overregulating the businesses











                                                              362

         1       that keep them from employing people in this

         2       state.

         3                      SENATOR GOLD:  Mr. President.

         4                      ACTING PRESIDENT KUHL:  Senator

         5       Gold.

         6                      SENATOR GOLD:  Yes.  I will be

         7       kind and I'll save my campaign speech for the

         8       re-election of Senator Cuomo until another time

         9       because, Senator Bruno, I know why our state has

        10       problems and everybody knows why it has

        11       problems, and that's why you no longer have a

        12       Republican in the White House in Washington, but

        13       let's not get involved in that.

        14                      The fact of the matter is,

        15       Senator Bruno, if I were a member of the

        16       Majority in this house and I had real political

        17       ambition, real political ambition -- you can

        18       have your leaderships and you can have your

        19       Finance Committee -- there is a place I would

        20       want to be, and Senator Present knows I have

        21       said this for years.  I would want to be the

        22       chair of the Administrative Regulations Review

        23       Commission because that was created not only by











                                                              363

         1       joint resolution but then by statute to do

         2       something -- to do something.  And what was it

         3       supposed to do?  It was supposed to create a

         4       mechanism whereby the Legislature -- a process

         5       whereby the Legislature would finally have some

         6       real oversight power.  Let's see what the

         7       agencies are doing.  Let's analyze this agency

         8       and that one.  And if they are overregulating in

         9       this area, we're going to cut back because we

        10       all understand what the law is.

        11                      The law is simple.  An agency may

        12       not legislate.  They may only take a grant of

        13       authority from the Legislature and do some

        14       rulemaking within the law making that we have

        15       done; right?  And, therefore, when I hear all of

        16       the arguments on the other side of the aisle

        17       about how the agencies are going way past that,

        18       here was the chance.

        19                      Not only did we set up an

        20       Administrative Regulations Review Commission but

        21       because nobody likes to talk to each other we

        22       wind up with two of them.  Statute didn't say

        23       it.  But the Republicans do their thing in this











                                                              364

         1       house.  The Democrats in the Assembly do their

         2       thing.  We wind up with two of them.

         3                      Well, it's been a long time now.

         4       I think I may be still the only original member

         5       that's on that commission, but it's been a long

         6       time now.  And what have we done?  Well, we do

         7       things.  And under the chairmanship of Senator

         8       Present -- I think Senator Sears may have had it

         9       for a while and Senator Cook.  We have done some

        10       things.  But I'm not talking treason here.  We

        11       have the ability, the responsibility to do

        12       massive overseeing into that area.

        13                      Now, that's different than your

        14       bill which says, "I don't want to oversee it.  I

        15       just want the business community to think or

        16       know that I like them, so I'm going to make them

        17       a partner."  And now before you can have an

        18       agency exercise regulatory authority, granted it

        19       by you -- by you! -- you are going to tell them

        20       that they must sit down with the people being

        21       regulated and get their consent.  Well, that is

        22       crazy.

        23                      SENATOR BRUNO:  Will you yield?











                                                              365

         1                      SENATOR GOLD:  In a minute.  In a

         2       minute, and I will yield, certainly.

         3                      You know, we are all very

         4       sophisticated in this room, and we all

         5       understand that if you run for office you got to

         6       say you're against taxes and you got to say

         7       you're against this and say you're against that,

         8       and how you vote on the floor of the Senate

         9       doesn't seem to matter much.  But be fair.

        10                      At least let's look each other in

        11       the eye and be honest and fair about it.  There

        12       isn't one law in the State of New York enacted

        13       in the last twenty years or more that gives

        14       rulemaking authority to an agency that didn't

        15       receive the approval of you, the Republicans in

        16       this house.  You've had the majority.  You can

        17       structure that language as narrowly as you want

        18       so that every agency must stay within these very

        19       narrow guidelines and protect the consumers and

        20       protect the business community.  I can only

        21       assume since I am looking at some very

        22       distinguished people on the other side who are

        23       very bright that you have structured that in a











                                                              366

         1       way that you thought was accurate and would do

         2       the job.  If you didn't think its job is being

         3       done, that's what you've got the Administrative

         4       Regulations Review Commission for.

         5                      Now, that's a far cry, Senator

         6       Bruno, than giving away the store.  And in all

         7       respect to you, who I do respect, and I

         8       understand your philosophy, I think that it's a

         9       huge jump and it's a jump too far.

        10                      SENATOR BRUNO:  Mr. President.

        11       Will Senator Gold stand for a question?

        12                      SENATOR GOLD:  Yes, sir.

        13                      ACTING PRESIDENT KUHL:  He will.

        14                      SENATOR BRUNO:  Senator, Senator

        15       Johnson was refreshing my memory, and I am

        16       asking you.  I ask if you would recall that in

        17       the "State of the State" by this Governor in '93

        18       that he proposed just the kind of thing that's

        19       on the floor here today?  Do you remember that,

        20       Senator?

        21                      SENATOR GOLD:  No.  No, Senator,

        22       I don't have the speech.

        23                      SENATOR BRUNO:  Okay.











                                                              367

         1                      SENATOR GOLD:  And I can say to

         2       you -- I can say to you, Senator, that speeches

         3       are language and principles.  Bills are bills.

         4       If you're telling me there is a Governor's bill

         5       that does this, I will be glad to take a look at

         6       that as the Governor's bill.

         7                      Except, I'll tell you something.

         8       If the Governor proposes what you have in your

         9       bill, I would be -- certainly in a small

        10       minority, I'm sure, but one of those who would

        11       say philosophically it's wrong.

        12                      SENATOR BRUNO:  And, Senator, you

        13       are very few times wrong?

        14                      SENATOR GOLD:  Me?

        15                      SENATOR BRUNO:  You, yes.

        16       Philosophically or otherwise -

        17                      SENATOR GOLD:  I don't know.

        18       When was I wrong?

        19                      SENATOR BRUNO: -- and I respect

        20       that.  I want to ask if you think that this bill

        21       requires the consent of those to be regulated

        22       before a regulation can be enacted?

        23                      SENATOR GOLD:  The way that I











                                                              368

         1       understand your explanation of your legislation,

         2       your legislation would place upon those being

         3       regulated what I believe to be an inordinate

         4       amount of power into the process.  I believe

         5       that the current situation which gives them

         6       notice and invites their participation and takes

         7       from them the information that they have to give

         8       is a lot different than giving them a vote into

         9       a process.  And I think that giving them a vote

        10       into a governmental process goes too far.

        11                      SENATOR BRUNO:  Thank you,

        12       Senator Gold.

        13                      And I just want to correct

        14       because, again, I have trouble, sometimes, being

        15       clear because this is a complicated process.

        16                      This -- if this became law, it

        17       does not mandate that the input from those to be

        18       regulated must become part of the law or the

        19       regulation.  It doesn't do that at all.  It

        20       simply says that those to be regulated will have

        21       some input in the process.  That's what it

        22       says.  It doesn't say that their input must be

        23       accepted.  So it simply opens up the process and











                                                              369

         1       makes those to be regulated feel as if they are

         2       not just being dictated to, but they have

         3       something to say about the process.

         4                      Thank you.

         5                      ACTING PRESIDENT KUHL:  Senator

         6       Stavisky.

         7                      SENATOR STAVISKY:  Would the

         8       sponsor yield?

         9                      ACTING PRESIDENT KUHL:  Senator

        10       Bruno, do you yield?

        11                      SENATOR BRUNO:  Yes.

        12                      ACTING PRESIDENT KUHL:  Senator

        13       does.

        14                      SENATOR STAVISKY:  Senator, I

        15       wanted to ask you this question.  When this bill

        16       was presented to us previously, did it have a

        17       provision defining consensus of the committee as

        18       two-thirds of the members of the committee?

        19                      SENATOR BRUNO:  My recollection

        20       is that it did, Senator.  Two-thirds of the

        21       committee that meets must consent in the

        22       regulation going forward as a recommendation.

        23       That represents a consensus.  When two-thirds of











                                                              370

         1       the committee agrees, that represents a

         2       consensus and that is recommended to the

         3       agency.  The agency can accept or deny.

         4                      SENATOR STAVISKY:  Senator Bruno,

         5       given that definition of a consensus, do you

         6       feel that we should have a two-thirds approval

         7       of any bill that is approved by the Senate of

         8       the State of New York?

         9                      SENATOR BRUNO:  Well, as you

        10       know, Senator, there are some bills on this

        11       floor that do require a two-thirds vote.

        12                      SENATOR STAVISKY:  I know, but

        13       I'm talking about a general rule.

        14                      SENATOR BRUNO:  No, I don't,

        15       Senator.

        16                      SENATOR STAVISKY:  It seems to me

        17       that you are imposing a higher standard for

        18       consensus, Senator Bruno, and I regret that I

        19       didn't recall this provision in the earlier

        20       vote.  If you say that it was in there, in the

        21       earlier vote, I will accept that.

        22                      But we should not impose upon

        23       those involved in rulemaking a higher standard











                                                              371

         1       of agreement than we ourselves are prepared to

         2       accept.

         3                      I heard the conversation on an

         4       earlier bill where there was the question, "If

         5       you do not like the decision, you can go to

         6       arbitration."  I have often felt that maybe we

         7       should go to arbitration between the Senate and

         8       the Assembly, when we can't even get a consensus

         9       at times when only a single, simple majority is

        10       needed.  If we in the Legislature, professional

        11       legislators, can not get a consensus, then maybe

        12       we need arbitration procedures, and maybe we

        13       ought to impose the same kind of standard to our

        14       own deliberations when we fail to reach

        15       agreement with the other house.  Maybe there is

        16       something lacking in both houses, and a

        17       compulsory arbitration procedure should resolve

        18       the differences between the Senate and the

        19       Assembly.  And throw the Governor in there,

        20       also.  We shouldn't leave him outside.

        21                      I think you are establishing here

        22       in this proposed rulemaking procedure too high a

        23       standard of consensus.  Consensus has always











                                                              372

         1       been, with few exceptions in this chamber -- you

         2       are absolutely right.  There are certain bills

         3       that require a two-thirds approval or 60 percent

         4       approval.  We are establishing here a flawed

         5       definition of consensus.

         6                      Consensus means in general

         7       agreement not an extraordinary agreement, the

         8       kind that you would need for a constitutional

         9       amendment.  We are not asking the regulators to

        10       amend the Constitution of the State of New

        11       York.  We are asking them according to your

        12       procedure to come up with a consensus.

        13                      And I believe that if I had noted

        14       this previously, I guess I would have joined

        15       Gold, Leichter, and Ohrenstein in their negative

        16       vote.  And with the consensus defined at

        17       two-thirds, I think I'm going to join them this

        18       time to.

        19                      ACTING PRESIDENT KUHL:  Senator

        20       Wright.

        21                      SENATOR WRIGHT:  Mr. President.

        22       On the bill.

        23                      I think it's important to point











                                                              373

         1       out that when we are discussing negotiated

         2       rulemaking the whole emphasis is to ensure that

         3       the voice of the regulated community is heard in

         4       the process.  And while we certainly hear that

         5       voice when we enact legislation, and that's our

         6       responsibility as elected officials, I don't

         7       share your confidence in the agencies doing

         8       likewise.

         9                      And as chair of the ARC, I have

        10       had numerous examples related to me where, in

        11       fact, the agencies don't listen to the regulated

        12       community, and they impose additional burdens on

        13       that community.  They impose additional costs on

        14       the regulated community, and that in turn has

        15       cost jobs and raised the cost of doing business

        16       in this state.

        17                      And if you have any occasion to

        18       talk to the business community in this state,

        19       and it's not limited to the business community,

        20       if you have occasion to talk to local

        21       governments, they will tell you the same thing

        22       about the regulatory impact and what it's doing

        23       in this state.  So it's very important that, in











                                                              374

         1       fact, we have an additional oversight, a

         2       control, if you will, in this process when we

         3       are dealing with the agencies, because,

         4       unfortunately, the ARC does not have veto

         5       power.

         6                      The ARC does not have the ability

         7       to veto a regulation that we believe exceeds the

         8       statute, that we believe goes beyond and the

         9       agency takes substantially beyond the authority

        10       of this Legislature.  We, in turn, have enacted

        11       legislation and proposed legislation over the

        12       past year that addresses a number of those

        13       concerns, ten of those bills joined with by

        14       members in the Assembly and sent to the

        15       Governor.

        16                      So, clearly, regulatory control

        17       is an issue recognized by both houses,

        18       recognized by the executive branch and an issue

        19       that we need to move ahead on.

        20                      I don't put the faith in the

        21       agencies.  I think there needs to be the voice

        22       of the regulated community, and heard,

        23       particularly when you talk about the standard of











                                                              375

         1       consensus.  I would agree if those individuals

         2       in the agencies were elected, they could work to

         3       a lower standard, but they in fact are not.

         4       They do not have the input.  They are appointed

         5       officials and, accordingly, should achieve a

         6       higher concensus in terms of working on the

         7       issue of regulations, and that is what it's all

         8       about, ensuring participation, ensuring that the

         9       regulated community has their voice heard; that

        10       when regulations are looked at, they can be

        11       implemented effectively.  They can be

        12       implemented and enforced effectively.

        13                      That's the whole point of

        14       negotiated rulemaking, to create a more level

        15       playing field so we're not simply relying on the

        16       expertise of agencies but we're relying on the

        17       people who continue to do business in this state

        18       and their expertise.  And on the basis of that,

        19       I would encourage my colleagues to support the

        20       bill.

        21                      ACTING PRESIDENT KUHL:  Senator

        22       Stavisky.

        23                      SENATOR STAVISKY:  Senator Wright











                                                              376

         1       yield for a question?

         2                      ACTING PRESIDENT KUHL:  Senator

         3       Wright, will you yield?

         4                      SENATOR WRIGHT:  Certainly.

         5                      ACTING PRESIDENT KUHL:  Senator

         6       yields.

         7                      SENATOR STAVISKY:  Would you

         8       apply the same standard, the two-thirds

         9       consensus, to other groups within the

        10       population?  For example, consumers who are

        11       affected by regulations where rate increases are

        12       given, should consumers be tallied and,

        13       therefore, unless there is a two-thirds vote by

        14       a committee in which consumers are represented

        15       equally, there would be no rate increase in the

        16       utilities?

        17                      SENATOR WRIGHT:  There is a

        18       mechanism for review of the utility rate

        19       increases.  In terms of regulations that affect

        20       the consumers, this statute would apply equally

        21       to them.  They would be identified as having

        22       participation in a particular rule that would

        23       adversely affect the consumer, and they would be











                                                              377

         1       part of that negotiating process achieving the

         2       same degree of consensus.

         3                      So we're talking apples and

         4       oranges in terms of the examples that you are

         5       utilizing.

         6                      SENATOR STAVISKY:  I didn't hear

         7       a clear yes or no to your answer.  What about

         8       employees?  After all, sometimes we impose

         9       settlements upon employees in the private as

        10       well as the public sector.  Should we have a

        11       consensus of two-thirds, including the employee

        12       representatives, when we deny to the public

        13       employees, for example, a benefit that they wish

        14       and we decide that that benefit is not now -

        15       not supportable in terms of a public policy in

        16       the state at a given moment?  Would you extend

        17       that to the working people as well as to the

        18       business people at two-thirds consensus

        19       definition?

        20                      SENATOR WRIGHT:  Oh, I think

        21       there, in fact, are numerous examples that we

        22       can identify where there should be a super

        23       majority -- in fact, there are in statute where











                                                              378

         1       additional majorities are required dependent

         2       upon a particular circumstance.

         3                      You know, there are many who

         4       advocate when taxes are being raised, when

         5       constitutional debt limits are being modified,

         6       there should, in fact, be super majorities, and

         7       I think those are issues that we have bills

         8       introduced we would like to see you also

         9       address.

        10                      SENATOR STAVISKY:  Again, I

        11       didn't hear a -

        12                      ACTING PRESIDENT KUHL:  Senator

        13       Stavisky, do you -- excuse me, Senator Stavisky.

        14                      SENATOR STAVISKY:  Yes, sir.

        15                      ACTING PRESIDENT KUHL:  Do you

        16       wish Senator Wright to yield to you, sir?

        17                      SENATOR STAVISKY:  I want him to

        18       continue to yield until the questioning is

        19       over.

        20                      I did not hear a clear yes or no

        21       to that question, and I think that if you are

        22       going to give a special benefit to business,

        23       then be fair across the board.  Give that











                                                              379

         1       special benefit of consensus, consultation to

         2       consumers whom we do represent, remember, and to

         3       people who work for us in government or work for

         4       others in the private sector.

         5                      I don't see the clear willingness

         6       when there is regulation that imposes a burden

         7       upon other groups besides business.  I don't see

         8       a willingness to accept that single standard.

         9       I'm not pressing for this.  It may be a very

        10       good idea.

        11                      But if you believe that the super

        12       majority is needed, then let it be a super

        13       majority across the board no matter whose ox is

        14       being gored.  There may be environmental people

        15       who would like to be consulted with a super

        16       majority before economic interests betray the

        17       environmental concerns and needs of the State of

        18       New York.

        19                      Be cautious when you impose a new

        20       standard in participatory democracy.  Make

        21       certain that standard cuts evenly across the

        22       board and that it not benefits one sement of the

        23       population to the detriment of others.











                                                              380

         1                      ACTING PRESIDENT KUHL:  Is there

         2       any other Senator who wishes to be heard on this

         3       bill?

         4                      (There was no response.)

         5                      Clerk will read the last section.

         6                      THE SECRETARY:  Section 2.  This

         7       act shall take effect on the first day of

         8       September.

         9                      ACTING PRESIDENT KUHL:  Call the

        10       roll.

        11                      (The Secretary called the roll.)

        12                      ACTING PRESIDENT KUHL:  Announce

        13       the results.

        14                      THE SECRETARY:  Those recorded in

        15       the negative on Calendar Number 31 are Senators

        16       Galiber, Gold, Ohrenstein and Stavisky.  Ayes

        17       48.  Nays 4.

        18                      ACTING PRESIDENT KUHL:  The bill

        19       is passed.

        20                      THE SECRETARY:  Calendar Number

        21       47, by Senator Johnson, Senate Bill Number 2372,

        22       an act to amend the Penal Law.

        23                      ACTING PRESIDENT KUHL:  Senator











                                                              381

         1       Johnson, an explanation has been asked for by

         2       Senator Gold.

         3                      SENATOR JOHNSON:  Mr. President.

         4       This bill makes it illegal to possess an obscene

         5       sexual performance by a child or a sexual

         6       performance by a child makes this a class E

         7       misdemeanor.  This bill has been debated three

         8       years prior, very interesting debates.

         9                      The fact is that the Supreme

        10       Court has held it legal to pass this type of

        11       law.  Several years ago, 27 states had passed

        12       this law.  I think there are several other

        13       states who since have joined, passed a similar

        14       law making it illegal to possess this material

        15       which is of interest to pedophiles primarily,

        16       used to show to children to entice them into

        17       doing similar sexual acts.

        18                      And I feel the majority in this

        19       house have felt in the past that this should be

        20       illegal to possess this.  The only way to stop

        21       the production of this material is to stop the

        22       end market for it, and this is a good way, I

        23       feel, to do that.











                                                              382

         1                      Senator Gold?

         2                      SENATOR GOLD:  Mr. President.

         3                      ACTING PRESIDENT KUHL:  Senator

         4       Gold.

         5                      SENATOR GOLD:  Yeah, Senator

         6       Johnson, I'd just like to ask you one question

         7       because I think you made a misstatement, and I

         8       just want to -

         9                      SENATOR JOHNSON:  Really?

        10                      SENATOR GOLD:  You said it makes

        11       it an E misdemeanor.  It's an E felony.

        12                      SENATOR JOHNSON:  An E felony,

        13       yes, of course.  I have been reading it so many

        14       times, it's all going around in my head.

        15                      SENATOR GOLD:  No problem.  No

        16       problem.

        17                      SENATOR JOHNSON:  It's a felony,

        18       yes, that's correct.

        19                      SENATOR GOLD:  Mr. President.

        20                      ACTING PRESIDENT KUHL:  Senator

        21       Gold on the bill.

        22                      SENATOR GOLD:  As Senator Johnson

        23       has pointed out, this has been debated a number











                                                              383

         1       of times.  And I would like to point out with

         2       regard to that debate that we now have laws in

         3       this state which make it illegal to be involved

         4       in kiddie porn.

         5                      This bill does nothing along

         6       those lines.  This talks about possession of a

         7       document.  It isn't concerned about when it was

         8       ever created, whether the people involved in it

         9       could have been dead for 200 years, or whatever,

        10       and we've had this whole debate.

        11                      Senator Connor and myself and

        12       Senator Leichter and Montgomery and Ohrenstein,

        13       Paterson, Santiago, Smith, Stavisky and Waldon

        14       have voted against it in the past.

        15                      Last section.

        16                      ACTING PRESIDENT KUHL:  Read the

        17       last section.

        18                      THE SECRETARY:  Section 2.  This

        19       act shall take effect on the first day of

        20       November.

        21                      ACTING PRESIDENT KUHL:  Call the

        22       roll.

        23                      (The Secretary called the roll.)











                                                              384

         1                      THE SECRETARY:  Those recorded in

         2       the negative on Calendar Number 47 are Senators

         3       Galiber, Gold, Ohrenstein, Santiago, Smith

         4       Stavisky and Waldon.  Ayes 45.  Nays 7.

         5                      ACTING PRESIDENT KUHL:  The bill

         6       is passed.

         7                      Senator Smith, are you asking to

         8       be recognized to explain your vote?

         9                      SENATOR SMITH:  No, Mr.

        10       President.  I think the vote has been counted.

        11       I would ask unanimous consent to be recorded in

        12       the negative on Calendar Number 31.

        13                      ACTING PRESIDENT KUHL:  Without

        14       objection, so ordered.

        15                      SENATOR SMITH:  Thank you, sir.

        16                      THE SECRETARY:  Calendar Number

        17       49, by Senator Marino, Senate Bill Number 3237A,

        18       an act to amend the Criminal Procedure Law.

        19                      SENATOR GOLD:  Mr. President.

        20                      ACTING PRESIDENT KUHL:  Senator

        21       Gold.

        22                      SENATOR GOLD:  Yes.  This bill we

        23       had last year, also, and I just wanted to remind











                                                              385

         1       Senators Leichter and Markowitz and Ohrenstein

         2       and Santiago that they voted in the negative,

         3       and that it was opposed last year by the Civil

         4       Liberties Union on the HIV testing issue and by

         5       the Gay Men's Health Crisis.

         6                      ACTING PRESIDENT KUHL:  Senator

         7       Dollinger has asked for an explanation of the

         8       bill.

         9                      Senator Volker.

        10                      SENATOR VOLKER:  Mr. President.

        11       This is a bill that, as I think Senator Gold

        12       explained briefly, is called the Rape Victims

        13       Services Act of 1994, which basically sets up a

        14       series of provisions relating to everything from

        15       addressed -- the address of a victim to

        16       statewide telephone services for rape victims,

        17       for evidence kits involving sexual offense

        18       evidence kits, provides a provision in here for

        19       improved prosecution programs at local defense

        20       attorney -- or local prosecutors.

        21                      It sets up a whole series of

        22       programs.  In fact, let me just say to you that

        23       this is something that, personally, I feel very











                                                              386

         1       strongly about; that I think it's really a

         2       crying shame that we have not been able to come

         3       to an agreement over the last couple years on a

         4       bill that passed here the other day sponsored by

         5       Senator DiCarlo and this bill in relation to the

         6       crime of rape.

         7                      I am extremely hopeful that

         8       before this session is out that we will develop

         9       an agreement with the Assembly on the issue of

        10       rape services and on the issue of increasing

        11       penalties in rape crimes.

        12                      If there is anything further that

        13       I can explain, I will be happy to do it.

        14       There's a whole series of provisions.  This

        15       bill, by the way, passed the Assembly.

        16       Essentially, this is the same bill that passed

        17       the Senate, rather, last year; and I believe

        18       essentially the same bill passed the year

        19       before.  There have been some fairly minor

        20       changes, but it's essentially the same bill.

        21                      Senator Dollinger.

        22                      SENATOR DOLLINGER:  Mr.

        23       President.











                                                              387

         1                      ACTING PRESIDENT KUHL:  Senator

         2       Dollinger.

         3                      SENATOR DOLLINGER:  Will the

         4       sponsor yield to a question?

         5                      SENATOR VOLKER:  Sure.

         6                      ACTING PRESIDENT KUHL:  Senator

         7       Volker yields.

         8                      SENATOR DOLLINGER:  Senator, I

         9       know we have been through this bill in

        10       committee.  I just wanted to follow up an issue

        11       that came up in committee.  Your counsel

        12       provided me with some additional information

        13       with respect to the HIV testing requirement.

        14                      SENATOR VOLKER:  Right.

        15                      SENATOR DOLLINGER:  As I

        16       understand it, again, through you, Mr.

        17       President, the bill permits an HIV test to be

        18       conducted at the request of the victim -

        19                      SENATOR VOLKER:  Right.

        20                      SENATOR DOLLINGER:  -- upon

        21       arrest and arraignment.  Is that correct?

        22                      SENATOR VOLKER:  Upon arrest and

        23       arraignment at the request of the victim, and it











                                                              388

         1       provides for a test of the defendant.  That's

         2       correct.

         3                      SENATOR DOLLINGER:  Again,

         4       through you, Mr. President.  Is that test

         5       mandatory?  The Court can order that test of the

         6       defendant?

         7                      SENATOR VOLKER:  I think what

         8       happens, if I'm not mistaken, is that upon the

         9       request that he have a hearing.  The only

        10       difference, I think, is that since the statute

        11       here provides for a test, then I would think

        12       clearly the hearing would -- the defense

        13       attorney would then be in a position where he

        14       would have to show why the test should not be

        15       provided to the -- to the victim.

        16                      But it's true that that is the

        17       process for which -- if this bill were passed.

        18       And, by the way, I assume -- I think you are

        19       aware that because the State of New York does

        20       not provide for testing of such victims, we

        21       stand to lose a considerable amount of money

        22       under the drug laws or under the present -

        23       federal drug money, I'm sorry -- because of the











                                                              389

         1       fact that we don't comply with federal standard

         2       that say that we should allow victims to be able

         3       to have testing in cases such as this.

         4                      SENATOR DOLLINGER:  Again,

         5       through you, Mr. President, if Senator Volker

         6       will yield?

         7                      ACTING PRESIDENT KUHL:  Senator

         8       Volker, will you continue to yield?

         9                      SENATOR VOLKER:  Sure.

        10                      ACTING PRESIDENT KUHL:  He does.

        11                      SENATOR DOLLINGER:  Again, just

        12       so I make sure I understand this.  Is the event

        13       that triggers the ability of the Court to

        14       mandate the test the arraignment or a finding of

        15       probable cause of a felony indictment?  What is

        16       the precursor determination by the Court in

        17       order to order the defendant, putative

        18       defendant, to undergo the test?

        19                      SENATOR VOLKER:  Probable cause.

        20       In other words, there has to be a showing of

        21       evidence of a crime before the person can ask

        22       for the testing of the defendant by the victim.

        23                      SENATOR DOLLINGER:  Again,











                                                              390

         1       through you, Mr. President.  Is it anticipated

         2       that that showing of probable cause would be

         3       either an indictment for a felony or a hearing

         4       on the probable cause if there were a

         5       misdemeanor allegation, or does it not apply to

         6       misdemeanors?

         7                      SENATOR VOLKER:  It would just be

         8       a felony, and it would be a conviction or a

         9       hearing or an indictment on a felony, but it

        10       would not be in the case of a misdemeanor.  It

        11       would only be in the case of a felony.

        12                      SENATOR DOLLINGER:  Again,

        13       through you, Mr. President.  Senator Volker,

        14       just one other question.  My understanding -

        15       and I reviewed the materials that your counsel

        16       provided and they were helpful.  My

        17       understanding is that the federal law currently

        18       requires that the testing for HIV only be

        19       conducted upon conviction and not prior to

        20       conviction.  Is that correct?

        21                      SENATOR VOLKER:  We believe

        22       that's correct, Senator.  That's right.  Yes.

        23       We're not saying, by the way, Senator, that this











                                                              391

         1       provision here is the absolute necessary

         2       provision in order to comply with the law.  This

         3       probably goes a little beyond what is necessary,

         4       admittedly, but some sort of testing provision

         5       if it is not based by the Legislature and signed

         6       by the Governor will create a real problem under

         7       the federal rules.

         8                      SENATOR DOLLINGER:  On the bill,

         9       Mr. President.

        10                      ACTING PRESIDENT KUHL:  Senator

        11       Dollinger on the bill.

        12                      SENATOR DOLLINGER:  First of all,

        13       on the bill, and then I have, I believe, a

        14       series of amendments at the desk.

        15                      On the bill itself, the issue of

        16       the HIV testing is a very important one.  I

        17       appreciate the chairman's consideration on

        18       this.  This is a difficult issue from many

        19       perspectives.  But at least in my reading of the

        20       federal statute, it simply requires that upon

        21       conviction the test must be conducted in order

        22       for us to get the federal drug money, and I

        23       agree with that concept.











                                                              392

         1                      I think that the potential danger

         2       that's included in this statute is that you

         3       could have someone tested upon a finding of

         4       probable cause, have a finding one way or

         5       another on an HIV test, have a trial in which

         6       the defendant is found not guilty, and the

         7       victim will have been put through a process of

         8       anticipation whether it's through HIV positive

         9       or negative, whatever the result of testing is,

        10       and may end up with an inclusive result at the

        11       trial, that is, the person is found not guilty

        12       of the conduct and there is no correlation in

        13       the victim's mind between guilt and the testing

        14       result.

        15                      I think there is a danger

        16       inherent in that process.  From my point of

        17       view, I think that's something we have to look

        18       at in this bill very carefully, I think for a

        19       number of reasons because of the overall impact

        20       of this bill, I'm going to vote in favor of it,

        21       but I think that's a very critical

        22       determination, and I hope that in the

        23       discussions with our colleagues across the hall











                                                              393

         1       that that issue will be looked at in even

         2       greater debate if this comes back; that the

         3       danger of a test result that is not followed by

         4       a conviction could be excessive trauma, frankly,

         5       on everyone's part, and something we should be

         6       aware of.

         7                      Mr. President.  I believe there

         8       are also a series of amendments at the desk on

         9       this bill.

        10                      ACTING PRESIDENT KUHL:  The Clerk

        11       indicates that there are two amendments at the

        12       desk.

        13                      SENATOR DOLLINGER:  I'll call up

        14       number 1.

        15                      ACTING PRESIDENT KUHL:  Are you

        16       asking -

        17                      SENATOR DOLLINGER:  Ask to waive

        18       its reading, and ask that -

        19                      ACTING PRESIDENT KUHL:  All

        20       right.  You are asking an opportunity to explain

        21       it?

        22                      SENATOR DOLLINGER:  Yes, Mr.

        23       President.  Thank you.











                                                              394

         1                      ACTING PRESIDENT KUHL:  Senator

         2       Present, why do you rise?

         3                      SENATOR PRESENT:  Mr. President.

         4       I would like to make a point of order that

         5       Senator Dollinger's amendment to Senator

         6       Marino's bill is out of order since it violates

         7       Rule 6, Section 4 B, in that, it is not germane

         8       to the original object of the purpose of Senator

         9       Marino's bill.

        10                      Moreover, it seeks to amend

        11       completely different sections of the law than

        12       that addressed by Senator Marino's bill.

        13       Senator Marino's bill addresses the plight of

        14       rape victims, and Senator Dollinger's amendment

        15       offers nothing on that subject.

        16                      Therefore, I ask that you rule

        17       Senator Dollinger's amendment out of order.

        18                      ACTING PRESIDENT KUHL:  The chair

        19       would rule, Senator Dollinger, that your

        20       amendments are out of order as not being germane

        21        -- the first amendment.  That's the only

        22       amendment on the floor at this point.

        23                      SENATOR DOLLINGER:  Yes, I











                                                              395

         1       understand that, Mr. President.  Can I appeal

         2       the ruling of the chair on that issue and be

         3       heard?

         4                      ACTING PRESIDENT KUHL:  That you

         5       can.

         6                      SENATOR DOLLINGER:  With respect

         7       to the issue before us, the amendments relate.

         8                      SENATOR DALY:  Object.  Mr.

         9       President.  Is an appeal of the decision by the

        10       chair debatable?  Is a decision by the chair

        11       debatable?

        12                      ACTING PRESIDENT KUHL:  Senator,

        13       the Senator's motion has been ruled out of order

        14       as not being germane.  He has appealed the

        15       decision of the chair, and that is debatable.

        16                      And the chair has recognized

        17       Senator Dollinger to indicate why he feels the

        18       chair ruled incorrectly.

        19                      Senator Dollinger.

        20                      SENATOR DOLLINGER:  Mr.

        21       President.  The issue of the amendments, and I

        22       believe the amendments deal with the action that

        23       this body was asked to take several weeks ago to











                                                              396

         1       deal with the issue of banning assault weapons

         2       in the State of New York, and I would simply

         3       point out that a part of this bill which is

         4       currently before us relates to the provision of

         5       mace in the State of New York and allows a

         6       weapon that we have previously banned to now

         7       become available.  We're dealing with weapons.

         8       This bill involves making a weapon available.

         9                      What the amendment seeks to do is

        10       take another weapon which is now freely

        11       available in this state, a far more dangerous

        12       weapon than mace and restrict it's availability

        13       to the people of this state, and I would simply

        14       point out that nothing could be more germane

        15       than, since we're dealing with weapons, to take

        16       another section of law that involves weapons and

        17       make an amendment in that section to restrict

        18       access to a weapon which, at least in my

        19       judgment, is far more dangerous, far more

        20       threatening to the public, and one I think this

        21       Legislature and this body should be on record in

        22       favor of restricting access to.

        23                      So for that reason, Mr.











                                                              397

         1       President, I believe it is germane.  It does

         2       relate to the topic at issue.  It is part of

         3       something that will promote greater safety in

         4       this state, and I certainly think we ought to

         5       get on with the business of creating not only a

         6       restriction on -- removing restrictions on mace

         7       which I support but imposing restrictions on

         8       assault weapons, as well.

         9                      ACTING PRESIDENT KUHL:  The Chair

        10       reminds members that a vote in the affirmative

        11       is to sustain the ruling of the chair.  A vote

        12       in the negative is a ruling to overturn the rule

        13       of the chair.

        14                      Based on that, all those in favor

        15       of the sustaining the ruling of the chair,

        16       signify by saying aye.

        17                      (Response of "Aye.")

        18                      Opposed, nay.

        19                      (Response of "Nay.")

        20                      (Continuing response of "Aye.")

        21                      The ayes have it.  The ruling of

        22       the chair is sustained.

        23                      SENATOR GOLD:  Mr. President.











                                                              398

         1                      ACTING PRESIDENT KUHL:  Senator

         2       Gold.

         3                      SENATOR GOLD:  Is there such a

         4       thing as a rebuttal aye after the nays have

         5       already out voted the ayes?

         6                      ACTING PRESIDENT KUHL:  Senator

         7       Dollinger, do you wish to present amendment

         8       number 2?

         9                      SENATOR DOLLINGER:  In view of

        10       the last vote, Mr. President, I will waive the

        11       presentation of amendment number 2, but I will

        12       be back.

        13                      ACTING PRESIDENT KUHL:  Any

        14       member wishing to speak on the bill.

        15                      (There was no response.)

        16                      Clerk will call the last section.

        17                      THE SECRETARY:  Section 27.  This

        18       act shall take effect immediately.

        19                      ACTING PRESIDENT KUHL:  Call the

        20       roll.

        21                      (The Secretary called the roll.)

        22                      THE SECRETARY:  Ayes 50.  Nays

        23       2.  Senators Ohrenstein and Santiago recorded in











                                                              399

         1       the negative.

         2                      ACTING PRESIDENT KUHL:  The bill

         3       is passed.

         4                      Senator Present.

         5                      SENATOR PRESENT:  Mr. President.

         6       I move that the Senate recess until 9:00 p.m.

         7                      ACTING PRESIDENT KUHL:  The

         8       Senate stands in recess until 9:00 p.m.

         9                      (Whereupon at, 6:20 p.m., the

        10       Senate recessed.)

        11

        12

        13

        14

        15

        16

        17

        18

        19

        20

        21

        22

        23











                                                              400

         1                      ...At 12:19 a.m...

         2                      SENATOR PRESENT:  I'd like to

         3       announce a Rules Committee meeting at 12:30 in

         4       Room 332.  I would like to announce a Rules

         5       Committee meeting at 12:30 in Room 332.

         6                      ...At 12:35 a.m....

         7                      ACTING PRESIDENT SPANO:  Senate

         8       will come to order.  Senator Present.

         9                      SENATOR PRESENT:  Mr. President,

        10       can we return to reports of standing

        11       committees.

        12                      ACTING PRESIDENT SPANO:  Reports

        13       of standing committees.  Secretary will read.

        14                      THE SECRETARY:  Senator Marino,

        15       from the Committee on Rules, reports the

        16       following bill directly for third reading:

        17       Senate Bill Number 6584, by the Committee on

        18       Rules, an act to amend the Banking Law and the

        19       Personal Property Law, in relation to making

        20       technical corrections.

        21                      ACTING PRESIDENT SPANO:  Read -

        22                      SENATOR GOLD:  No objection.

        23                      ACTING PRESIDENT SPANO:  Read the











                                                              401

         1       last section.

         2                      THE SECRETARY:  Section 2.  This

         3       act shall take effect immediately.

         4                      SENATOR PRESENT:  Is there a

         5       message at the desk?

         6                      ACTING PRESIDENT SPANO:  Message

         7       is at the desk.

         8                      SENATOR PRESENT:  I move we

         9       accept the message.

        10                      ACTING PRESIDENT SPANO:  All

        11       those in favor signify by saying aye.

        12                      (Response of "Aye.")

        13                      Opposed nay.

        14                      (There was no response.)

        15                      The message is accepted.  Read

        16       the last section.

        17                      SENATOR DOLLINGER:  Could we just

        18       have an explanation of the amendment.

        19                      ACTING PRESIDENT SPANO:  Sure,

        20       Senator Dollinger.

        21                      SENATOR DOLLINGER:  Just short

        22       and quick, please.

        23                      ACTING PRESIDENT SPANO:  Senator











                                                              402

         1       Farley.

         2                      SENATOR FARLEY:  Yes.

         3                      SENATOR DOLLINGER:  Got to make

         4       the night worthwhile.

         5                      ACTING PRESIDENT SPANO:  Excuse

         6       me, Senator Present.

         7                      SENATOR FARLEY:  Let's have some

         8       order here.

         9                      ACTING PRESIDENT SPANO:  Can we

        10       please have some order in the chamber.

        11                      SENATOR PRESENT:  Would you

        12       recognize Senator Montgomery.

        13                      ACTING PRESIDENT SPANO:  Senator

        14       Montgomery.

        15                      SENATOR MONTGOMERY:  Yes, Mr.

        16       President.  I would like to ask unanimous

        17       consent to be recorded in the negative on

        18       Calendar Number 47.

        19                      ACTING PRESIDENT SPANO:  Without

        20       objection.

        21                      SENATOR MONTGOMERY:  Thank you.

        22                      ACTING PRESIDENT SPANO:  Senator

        23       Farley for a brief explanation.











                                                              403

         1                      SENATOR FARLEY:  Thank you.

         2                      The banking deregulation bill

         3       which this house passed 52 to nothing a few

         4       hours ago, several hours ago, has been passed

         5       and signed into law in the Assembly.

         6                      This is a chapter amendment to

         7       take care of the disagreement that we have in

         8       regard to the SSBIC portion of the legislation.

         9       What is added here on the front page is "***

        10       provided, however, in approving applications for

        11       assistance, priority shall be given to

        12       minorities residing in neighborhood-based

        13       alliance communities, designated economic

        14       development zones and/or highly distressed

        15       areas" and, of course, the earned income tax

        16       credit is in there also, which gives inclusive

        17       ness throughout the state of New York.

        18                      The rest of the bill is technical

        19       corrections that were made -- that were made to

        20       the leasing portion of this bill.  There even

        21       may be more coming on that at another date, but

        22       in essence, that's all that there is here.  This

        23       is totally agreed to.  It will be passed











                                                              404

         1       unanimously, I think, in both houses.

         2                      SENATOR DOLLINGER:  Mr.

         3       President, would Senator Farley yield to just

         4       one question?

         5                      ACTING PRESIDENT SPANO:  Senator

         6       Farley, would you yield to a question?

         7                      SENATOR FARLEY:  Yeah.

         8                      SENATOR DOLLINGER:  Could you

         9       just explain to me, through you, Mr. President,

        10       just explain to me how the priority system

        11       works.  Is it is a priority based on designated

        12       criteria; is it a $70 million pot that's going

        13       to be set aside designated for minorities in

        14       these categories, or how is the priority system

        15       going to work?

        16                      SENATOR FARLEY:  That will be

        17       determined by the board, but this is the same

        18       language that we've had precedent for in the

        19       Jobs Bond Act and other places.  In other words,

        20       it's language that has been consistent by both

        21       of these houses addressing this issue.

        22                      The board that will be appointed

        23       will make that decision as to the -- as to











                                                              405

         1       priority.

         2                      ACTING PRESIDENT SPANO:  Senator

         3       Dollinger.

         4                      SENATOR DOLLINGER:  Just on the

         5       bill ever so briefly.

         6                      I appreciate the difficulty in

         7       arriving at this compromise, but one of the

         8       things we talked about earlier today was the

         9       question of regulation and the power of

        10       regulators.  It seems to me we've given them a

        11       very, very broad field in which to play in

        12       trying to determine what the phrase "priority"

        13       means, and we may end up with the board and

        14       other people interpreting that term in such a

        15       fashion which may not achieve the goals that the

        16       legislation is designed to do, and I would just

        17       say that the danger of regulatory control and,

        18       in fact, talking with Senator Wright and Senator

        19       Bruno and some others, we're opening an awful

        20       big door here for them to drive through, and we

        21       don't know what this is going to look like.

        22                      I'm going to vote in favor of the

        23       chapter, Mr. President, but I'm expressing my











                                                              406

         1       concern about how that will be interpreted.

         2                      ACTING PRESIDENT SPANO:  Read the

         3       last section.

         4                      THE SECRETARY:  Section 2.  This

         5       act shall take effect immediately.

         6                      ACTING PRESIDENT SPANO:  Call the

         7       roll.

         8                      (The Secretary called the roll.)

         9                      ACTING PRESIDENT SPANO:  Senator

        10       Waldon to explain his vote.

        11                      SENATOR WALDON:  Not really.  I

        12       would like the record to show that had I been

        13       here last week when Calendar Number 57 was acted

        14       on, I would have voted in the negative.

        15                      ACTING PRESIDENT SPANO:  Can we

        16       just wait until we finish the roll call.

        17                      THE SECRETARY:  Ayes 51, nays

        18       one, Senator Padavan in the negative.

        19                      SENATOR STAFFORD:  Mr. President,

        20       I'd like to request permission to abstain from

        21       voting, please.

        22                      SENATOR FARLEY:  Results.

        23                      THE SECRETARY:  Ayes 52, nays











                                                              407

         1       one.

         2                      ACTING PRESIDENT SPANO:  The bill

         3       is passed.

         4                      Senator Waldon.

         5                      SENATOR WALDON:  Thank you, Mr.

         6       President.

         7                      My colleagues, I would like the

         8       record to reflect had I been here last week when

         9       Calendar Number 57 was voted upon, I would have

        10       voted in the negative.

        11                      ACTING PRESIDENT SPANO:  So

        12       noted.

        13                      SENATOR WALDON:  Thank you, Mr.

        14       President.

        15                      SENATOR PRESENT:  Do we have any

        16       housekeeping to clean up here?

        17                      ACTING PRESIDENT SPANO:  That's

        18       it.

        19                      SENATOR PRESENT:  All right.  Mr.

        20       President, there being no further business, I

        21       move that we adjourn until tomorrow at 3:00 p.m.

        22                      ACTING PRESIDENT SPANO:  The

        23       Senate will stand adjourned until tomorrow at











                                                              408

         1       3:00 p.m.

         2                      (Whereupon at 12:41 a.m., the

         3       hearing was the Senate adjourned. )

         4

         5

         6

         7

         8

         9