Bill Text: NY A08035 | 2011-2012 | General Assembly | Introduced
Bill Title: Requires the governor's office for economic development and the office of empire state development to undertake a review of loan programs and implement measures that improve efficiencies.
Spectrum: Slight Partisan Bill (Democrat 10-4)
Status: (Introduced - Dead) 2012-01-04 - referred to economic development [A08035 Detail]
Download: New_York-2011-A08035-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 8035 2011-2012 Regular Sessions I N A S S E M B L Y May 27, 2011 ___________ Introduced by M. of A. SCARBOROUGH -- read once and referred to the Committee on Economic Development AN ACT to amend the economic development law, in relation to requiring the governor's office for economic development and the office of empire state development to undertake a review of loan programs and implement measures that improve efficiencies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Section 100 of the economic development law is amended by 2 adding a new subdivision 48 to read as follows: 3 48. THE DEPARTMENT IN COOPERATION WITH THE EMPIRE STATE DEVELOPMENT 4 CORPORATION SHALL UNDERTAKE A REVIEW OF ALL LOAN AND GRANT PROGRAMS 5 INCLUDING BUT NOT LIMITED TO: DIRECT LOANS ISSUED FROM THE EMPIRE STATE 6 DEVELOPMENT CORPORATION AND THE JOB DEVELOPMENT AUTHORITY AND EMPIRE 7 STATE DEVELOPMENT REVOLVING LOAN PROGRAMS. SUCH REVIEW SHALL BE 8 COMPLETED WITHIN ONE YEAR OF THE EFFECTIVE DATE OF THIS SECTION. THE 9 FOCUS OF SUCH REVIEW SHALL BE ON METHODS FOR IMPROVING EFFICIENCIES 10 WITHIN THE PROGRAMS INCLUDING CONSOLIDATING DUPLICATIVE WORK AND PAPER- 11 WORK AND WAYS TO FACILITATE THE DISBURSING OF PAYMENTS. 12 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10415-02-1