Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to corporations, authorities and commissions |
Feb 12, 2015 |
referred to corporations, authorities and commissions |
Senate Bill S3553
2015-2016 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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
co-Sponsors
(D, WF) Senate District
2015-S3553 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Add ยง16-x, UDC Act
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S7228
2011-2012: S1877
2013-2014: S1741
2015-S3553 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3553 TITLE OF BILL: An act to amend the New York state urban development corporation act, in relation to creating the bioscience facilities development program PURPOSE OF BILL: To maximize the economic development potential of academic and commercial bioscience activity throughout the State. SUMMARY OF SPECIFIC PROVISIONS: This bill establishes a new section 16-x in the urban development corporation act creating a biofacilities development program administered by local economic development corporations to establish a revolving loan funds to provide loans to bioscience facilities to assist commercial bioscience companies to remain in New York State. Local economic development corporations must have firm commitments from Private and municipal sources of funding to provide funds to the local economic development corporation in an amount at least equal to the amount of the grants. It must also serve an economic development region of the state as designated Pursuant to section two hundred thirty of the economic development law, which shall have colleges,
2015-S3553 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3553 2015-2016 Regular Sessions I N S E N A T E February 12, 2015 ___________ Introduced by Sens. ESPAILLAT, PERKINS -- read twice and ordered print- ed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the New York state urban development corporation act, in relation to creating the bioscience facilities development program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and declarations. The legislature finds that New York state has many assets that are critical to the growth of the biotechnology industry. The legislature also finds that New York state has an extensive academic research base, a highly skilled labor pool and access to finan- cial institutions oriented toward biotech development. The legislature further finds that even with many of the critical elements for growing a biotechnology cluster, New York for all intents and purposes has been eclipsed by a number of other regions in the coun- try. Further, the legislature finds that while start-up companies are established in New York, companies that are poised for rapid expansion have left New York for regions that have developed vigorous biotech and policies that deliberately invite, nurture and facilitate the expansion of the industry and proactively address the biotech companies' need for affordable laboratory space. The legislature declares that biotechnology is an important economic development industry for the state and that the critical impediment to the successful growth of a biotech cluster in New York state is access to affordable laboratory space. Therefore, the legislature hereby declares the creation of the "bioscience facilities development program". EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08761-01-5 S. 3553 2
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