Bill Text: NY S00821 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to businesses impacted or dislocated by state and local infrastructure projects; authorizes loans to certain businesses impacted or dislocated by state and local infrastructure projects.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S00821 Detail]

Download: New_York-2019-S00821-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                           821
                               2019-2020 Regular Sessions
                    IN SENATE
                                     January 9, 2019
                                       ___________
        Introduced  by  Sen.  BOYLE  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Corporations,  Authorities
          and Commissions
        AN  ACT  to  amend  the  urban development corporation act and the state
          finance law, in relation to businesses impacted or dislocated by state
          and local infrastructure projects
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision 1 of section 16-m of section 1 of chapter 174
     2  of the laws of 1968, constituting the New York state  urban  development
     3  corporation  act,  is  amended  by adding a new paragraph (o) to read as
     4  follows:
     5    (o) Loans, loan  guarantees  and  grants  including  interest  subsidy
     6  grants  to  businesses impacted or dislocated by state and local infras-
     7  tructure projects including, but not limited to, highway, bridge,  water
     8  treatment and sewer projects.
     9    § 2. Subdivision 11 of section 213 of the state finance law is amended
    10  by adding a new paragraph (h) to read as follows:
    11    (h) any business that is significantly impacted or dislocated by state
    12  and  local  infrastructure projects including, but not limited to, high-
    13  way, bridge, water treatment and sewer projects, is independently  owned
    14  and  operated, employs one hundred or fewer persons on a full-time basis
    15  within the state, and by seeking financing  through  the  program  or  a
    16  project,  will  result in the retention or creation of permanent private
    17  sector jobs within the state.
    18    § 3. This act shall take effect immediately; provided,  however,  that
    19  the  amendments to section 16-m of the urban development corporation act
    20  made by section one of this act shall not affect the expiration of  such
    21  section and shall be deemed to expire therewith.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06025-01-9