Bill Text: NY S06544 | 2013-2014 | General Assembly | Introduced

New York Senate Bill 6544 (Prior Session Legislation)

Introduced

Bill Title: Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Engrossed - Dead) 2014-05-29 - referred to corporations, authorities and commissions [S06544 Detail]

Download: New_York-2013-S06544-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6544
                                   I N  S E N A T E
                                   February 4, 2014
                                      ___________
       Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
         when printed to be committed to the Committee on Energy and Telecommu-
         nications
       AN ACT to amend the public authorities law, in relation to requiring the
         payment of small business grants within one  hundred  twenty  days  of
         notification of such funding
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 14 of section 1854 of  the  public  authorities
    2  law,  as  added by chapter 83 of the laws of 1995, is amended to read as
    3  follows:
    4    14. (A) To apply for and to administer federal research  and  develop-
    5  ment grants and other monies for the benefit of consumers.
    6    (B)  TO  MAKE  PAYMENTS TO SMALL BUSINESSES, AS DEFINED BY SUBDIVISION
    7  EIGHT OF SECTION ONE HUNDRED TWO OF THE STATE  ADMINISTRATIVE  PROCEDURE
    8  ACT,  FOR  GRANTS  ADMINISTERED BY THE AUTHORITY. PAYMENT OF SUCH GRANTS
    9  SHALL BE MADE NO LATER THAN ONE HUNDRED TWENTY DAYS  AFTER  NOTIFICATION
   10  OF SUCH FUNDING AWARD.
   11    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13645-02-4