STATE OF NEW YORK
________________________________________________________________________
7003
2021-2022 Regular Sessions
IN SENATE
May 21, 2021
___________
Introduced by Sen. SANDERS -- (at request of the Empire State Develop-
ment) -- read twice and ordered printed, and when printed to be
committed to the Committee on Finance
AN ACT to amend the state finance law, in relation to the excelsior
linked deposit program
The People of the State of New York, represented in Senate and Assem-
bly, do enact as follows:
1 Section 1. Subparagraph 6 of paragraph (g) of subdivision 11 of
2 section 213 of the state finance law, as added by section 1 of part HH
3 of chapter 59 of the laws of 2013, is amended and a new paragraph (h) is
4 added to read as follows:
5 (6) small scale systems integration and packaging[.]; or
6 (h) a community development financial institution.
7 § 2. Paragraph (e) of subdivision 12 of section 213 of the state
8 finance law, as added by chapter 705 of the laws of 1993, is amended and
9 a new paragraph (f) is added to read as follows:
10 (e) for certified minority-and women-owned businesses, projects to
11 provide financing necessary to carry out a procurement contract with an
12 agency or authority or other entity of the state or federal govern-
13 ment[.]; or
14 (f) projects in which community development financial institutions
15 make loans to manufacturing, agricultural and service firms.
16 § 3. Section 213 of the state finance law is amended by adding a new
17 subdivision 24 to read as follows:
18 24. "Community development financial institution" means an organiza-
19 tion as defined in 12 U.S.C. 4702(5)(a).
20 § 4. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09545-01-1