Bill Text: NY A05140 | 2021-2022 | General Assembly | Introduced

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Bill Title: Authorizes the development and implementation of an online tracking system for loans and grants by the department of economic development, in conjunction with the empire state development corporation and the urban development corporation; further provides for an email notification system for individuals and companies for electronic notification of grants, loans, policy changes and other general information.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2022-01-05 - referred to economic development [A05140 Detail]

Download: New_York-2021-A05140-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5140

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 11, 2021
                                       ___________

        Introduced by M. of A. MONTESANO, LALOR -- read once and referred to the
          Committee on Economic Development

        AN  ACT to amend the economic development law, in relation to developing
          an online tracking system for loans and grants

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subdivision 48 of section 100 of the economic development
     2  law is renumbered subdivision 49 and a new subdivision 48  is  added  to
     3  read as follows:
     4    48.  to  develop  and  implement, in conjunction with the empire state
     5  development corporation and the urban development corporation, an online
     6  tracking system for loans and grants administered through  each  respec-
     7  tive  entity. An email notification system through which individuals and
     8  companies can sign up for  electronic  notification  of  grants,  loans,
     9  policy  changes and other general information shall also be made readily
    10  available to the public.
    11    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08627-01-1