Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 24, 2010 |
referred to commerce, economic development and small business delivered to senate passed assembly |
Jan 06, 2010 |
ordered to third reading cal.351 returned to assembly died in senate |
Jun 01, 2009 |
referred to commerce, economic development and small business delivered to senate passed assembly |
May 28, 2009 |
advanced to third reading cal.658 |
May 27, 2009 |
reported |
Apr 21, 2009 |
reported referred to ways and means |
Feb 06, 2009 |
referred to economic development |
Assembly Bill A4881
2009-2010 Legislative Session
Sponsored By
SCHIMMINGER
Archive: Last Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-A4881 (ACTIVE) - Details
- See Senate Version of this Bill:
- S363
- Current Committee:
- Senate Commerce, Economic Development And Small Business
- Law Section:
- Economic Development Law
- Laws Affected:
- Amd §100, Ec Dev L; amd §1801, add §1835-bb, Pub Auth L
- Versions Introduced in 2011-2012 Legislative Session:
-
S354
2009-A4881 (ACTIVE) - Summary
Authorizes the job development authority to create and administer the bank export incentive program for the investment and lending of monies which may be borrowed by certain eligible New York firms for business projects; directs the commissioner of the department of economic development to assist in the promotion of such program; defines terms.
2009-A4881 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4881 2009-2010 Regular Sessions I N A S S E M B L Y February 6, 2009 ___________ Introduced by M. of A. SCHIMMINGER, SCHROEDER, J. RIVERA, KOON, DelMONTE, CAHILL -- Multi-Sponsored by -- M. of A. BOYLAND, KOLB -- read once and referred to the Committee on Economic Development, Job Creation, Commerce and Industry AN ACT to amend the economic development law and the public authorities law, in relation to authorizing the job development authority to create and administer the bank export incentive program with the tech- nical assistance of the department of economic development THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. The legislature hereby finds and declares that the economy of the state of New York can be bolstered and enhanced through the sale of additional products and services from New York state to customers in foreign countries. The legislature further finds that one of the impediments to an increase in export sales from New York state is the unavailability of loans at a competitive interest rate for relatively small amounts of money borrowed for time periods between one and five years from the commercial banks of our state and nation. It is further found that one of the major reasons that such monies are unavailable is the high cost of processing such loans by banking organizations because of the complexities of international tran- sactions. The legislature, therefore, finds and declares that it is in the interest of a stronger and more viable economy for the state of New York to encourage the banking industry of our state to provide medium- term financing for low dollar volume export transactions through the creation of a bank export incentive program. S 2. Subdivision 47 of section 100 of the economic development law, as renumbered by chapter 427 of the laws of 2008, is renumbered subdivi- sion 48 and a new subdivision 47 is added to read as follows: 47. THE COMMISSIONER SHALL, THROUGH THE USE OF SEMINARS, WORKSHOPS, ADVERTISING OR OTHER APPROPRIATE METHODS, MAKE POTENTIAL ELIGIBLE APPLI- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03499-01-9
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