Bill Text: NY S09777 | 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, 2024 to June 30, 2025; 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: (Passed) 2024-06-28 - SIGNED CHAP.172 [S09777 Detail]

Download: New_York-2023-S09777-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9777

                    IN SENATE

                                      May 30, 2024
                                       ___________

        Introduced by Sen. GOUNARDES -- 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 159 of the laws of 2023, 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-four]  twenty-five  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 econom-
    16  ic development law relating to establishing an advisory panel on employ-
    17  ee-owned  enterprises within the division of small business services, as
    18  amended by chapter 159 of the laws  of  2023,  is  amended  to  read  as
    19  follows:
    20    §  2.  This act shall take effect immediately and shall expire October
    21  1, [2024] 2025 when upon such date the provisions of this act  shall  be
    22  deemed repealed.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15112-02-4
        S. 9777                             2

     1    §  3. This act shall take effect immediately; provided that the amend-
     2  ments to subdivision 5 of section 139 of the  economic  development  law
     3  made  by  section  one  of  this act shall not affect the repeal of such
     4  section and shall be deemed repealed therewith.