Bill Text: NY A07525 | 2011-2012 | General Assembly | Introduced

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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) 2012-03-13 - held for consideration in economic development [A07525 Detail]

Download: New_York-2011-A07525-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7525
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 10, 2011
                                      ___________
       Introduced by M. of A. McKEVITT -- read once and referred to the Commit-
         tee 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 (k) 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 section 4 of part  FF  of
    4  chapter  59  of  the laws of 2006, is amended and a new paragraph (l) is
    5  added to read as follows:
    6    (k) Assistance for regional  partnership  proposals,  as  provided  in
    7  subdivision 12 of section 3154 of the public authorities law[.]; AND
    8    (L)  LOANS,  LOAN  GUARANTEES,  AND  GRANTS INCLUDING INTEREST SUBSIDY
    9  GRANTS TO BUSINESSES IMPACTED OR DISLOCATED BY STATE AND  LOCAL  HIGHWAY
   10  AND BRIDGE PROJECTS FUNDED WITH PUBLIC MONIES.
   11    S  2.  This  act shall take effect immediately, except that the amend-
   12  ments to subdivision 1 of section 16-m of section 1 of  chapter  174  of
   13  the  laws  of  1968,  constituting  the New York state urban development
   14  corporation act, made by section one of this act, shall not  affect  the
   15  expiration of such section and shall expire and be deemed repealed ther-
   16  ewith.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD11410-01-1