Bill Text: NY A04920 | 2015-2016 | General Assembly | Introduced

---

Bill Title: Authorizes grants, loans, and loan guarantees from the empire state economic development fund to businesses which are impacted or dislocated by local and state highway and bridge projects funded with public monies.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2016-01-06 - referred to economic development [A04920 Detail]

Download: New_York-2015-A04920-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4920
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 9, 2015
                                      ___________
       Introduced by M. of A. McKEVITT, GRAF, KOLB -- read once and referred to
         the Committee on Economic Development
       AN ACT to amend the New York state urban development corporation act, in
         relation  to  grants and loans to businesses impacted or dislocated by
         highway and bridge projects
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (n) of subdivision 1 of section 16-m of section 1
    2  of  chapter  174  of  the  laws of 1968, constituting the New York state
    3  urban development corporation act, as added by chapter 298 of  the  laws
    4  of 2012, is amended and a new paragraph (o) is added to read as follows:
    5    (n)  Loans,  loan  guarantees,  interest subsidies and grants to busi-
    6  nesses, municipalities, industrial development agencies  and  local  and
    7  regional economic development corporations, not-for-profit corporations,
    8  business improvement districts, regional marketing authorities and agri-
    9  cultural cooperatives organized pursuant to the cooperative corporations
   10  law,  and  other entities for the construction, reconstruction, improve-
   11  ment, expansion or rehabilitation of wholesale regional farmers' markets
   12  or food hubs that facilitate the sale and  promotion  of  farm  products
   13  grown or produced in New York state.
   14    For  the  purposes  of  this  paragraph  a wholesale regional farmers'
   15  market or food hub is a market, business or organization  that  actively
   16  manages the aggregation, distribution and marketing of source-identified
   17  food  products  primarily  from  local  or regional producers to satisfy
   18  wholesale, retail and institutional demand for such products[.]; AND
   19    (O) LOANS, LOAN GUARANTEES,  AND  GRANTS  INCLUDING  INTEREST  SUBSIDY
   20  GRANTS  TO  BUSINESSES IMPACTED OR DISLOCATED BY STATE AND LOCAL HIGHWAY
   21  AND BRIDGE PROJECTS FUNDED WITH PUBLIC MONIES.
   22    S 2. This act shall take effect immediately, except  that  the  amend-
   23  ments  to paragraph (n) of subdivision 1 of section 16-m of section 1 of
   24  chapter 174 of the laws of 1968, constituting the New York  state  urban
   25  development  corporation act, made by section one of this act, shall not
   26  affect the expiration of such section and shall  expire  and  be  deemed
   27  repealed therewith.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08879-01-5