Bill Text: NY A04499 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-01-03 - referred to corporations, authorities and commissions [A04499 Detail]
Download: New_York-2017-A04499-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 4499 2017-2018 Regular Sessions IN ASSEMBLY February 2, 2017 ___________ Introduced by M. of A. SCHIMMINGER -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to requiring the payment of small business grants within one hundred twenty days of notification of such funding The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 14 of section 1854 of the public authorities 2 law, as added by chapter 83 of the laws of 1995, is amended to read as 3 follows: 4 14. (a) To apply for and to administer federal research and develop- 5 ment grants and other monies for the benefit of consumers. 6 (b) To make payments to small businesses, as defined by subdivision 7 eight of section one hundred two of the state administrative procedure 8 act, for grants administered by the authority. Payment of such grants 9 shall be made no later than one hundred twenty days after notification 10 of such funding award. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06140-01-7