Bill Text: NY S07232 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends the reporting deadline of the advisory panel on employee-owned enterprises from June 30, 2023 to June 30, 2024; further extends for one year the advisory panel on employee-owned enterprises which is tasked with reporting and making recommendations on how best to support such businesses and promote the formation and growth of new employee-owned enterprises in New York state.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-06-07 - SUBSTITUTED BY A7292 [S07232 Detail]

Download: New_York-2023-S07232-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7232

                               2023-2024 Regular Sessions

                    IN SENATE

                                      May 18, 2023
                                       ___________

        Introduced  by  Sen.  RYAN  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Commerce, Economic  Devel-
          opment and Small Business

        AN  ACT  to amend the economic development law, in relation to extending
          the reporting deadline of the advisory panel on employee-owned  enter-
          prises,  and  to  amend  chapter 435 of the laws of 2017, amending the
          economic development law, relating to establishing an  advisory  panel
          on  employee-owned  enterprises  within the division of small business
          services, in relation to the effectiveness thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subdivision  5 of section 139 of the economic development
     2  law, as amended by chapter 163 of the laws of 2021, is amended  to  read
     3  as follows:
     4    5.  Reporting.  The  advisory panel shall issue a report no later than
     5  June thirtieth, two thousand [twenty-three]  twenty-four  outlining  the
     6  findings and recommendations of the panel. The report shall be delivered
     7  to the governor, the speaker of the assembly, the temporary president of
     8  the  senate, the minority leader of the assembly, the minority leader of
     9  the senate, the chair of the assembly committee on ways and  means,  the
    10  chair  of  the  senate  committee  on finance, the chair of the assembly
    11  committee on economic development, the chair of the  assembly  committee
    12  on  small  business,  the  chair  of  the  senate committee on commerce,
    13  economic development, and small business,  the  chair  of  the  assembly
    14  committee on labor, and the chair of the senate committee on labor.
    15    §  2.  Section  2  of  chapter  435  of the laws of 2017, amending the
    16  economic development law, relating to establishing an advisory panel  on
    17  employee-owned   enterprises  within  the  division  of  small  business
    18  services, as amended by chapter 163 of the laws of 2021, is  amended  to
    19  read as follows:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11492-01-3
        S. 7232                             2

     1    §  2.  This act shall take effect immediately and shall expire October
     2  1, [2023] 2024 when upon such date the provisions of this act  shall  be
     3  deemed repealed.
     4    §  3. This act shall take effect immediately; provided that the amend-
     5  ments to subdivision 5 of section 139 of the  economic  development  law
     6  made  by  section  one  of  this act shall not affect the repeal of such
     7  section and shall be deemed repealed therewith.