Bill Text: NY S08110 | 2019-2020 | General Assembly | Introduced

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Bill Title: Establishes the small business containment assistance program; and making an appropriation therefor.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2020-03-23 - REFERRED TO FINANCE [S08110 Detail]

Download: New_York-2019-S08110-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8110

                    IN SENATE

                                     March 23, 2020
                                       ___________

        Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance

        AN ACT to amend the economic development law, in relation to  establish-
          ing  the  small business containment assistance program; and making an
          appropriation therefor

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

     1    Section  1.  The  economic  development law is amended by adding a new
     2  section 139-a to read as follows:
     3    § 139-a. Small business containment assistance  program.  Small  busi-
     4  nesses  with ten employees or less that are located within the coronavi-
     5  rus, COVID-19 containment area of New York state as  designated  by  the
     6  governor on March tenth, two thousand twenty shall be entitled to grants
     7  up  to  a  maximum of ten thousand dollars per business for compensation
     8  for lost revenue to assist with payment  of  rent  and  other  operating
     9  expenses including payroll.
    10    §  2.  The sum of one million dollars ($1,000,000), or so much thereof
    11  as may be necessary, is hereby appropriated to the department  of  state
    12  out of any moneys in the state treasury in the general fund to the cred-
    13  it  of  the small business containment assistance program, not otherwise
    14  appropriated, and made immediately available, for the purpose of  carry-
    15  ing  out the provisions of this act. Such moneys shall be payable on the
    16  audit and warrant of the comptroller on vouchers certified  or  approved
    17  by the department of state in the manner prescribed by law.
    18    § 3. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15915-02-0