Assembly Bill A2819

Vetoed By Governor
2017-2018 Legislative Session

Eliminates the requirement that certain minority and women-owned business enterprise owners have a personal net worth of less than three million five hundred thousand dollars in order to obtain certification

download bill text pdf

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Archive: Last Bill Status - Vetoed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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2017-A2819 (ACTIVE) - Details

See Senate Version of this Bill:
S3018
Law Section:
Executive Law
Laws Affected:
Amd §314, Exec L
Versions Introduced in 2015-2016 Legislative Session:
A9774, S7865

2017-A2819 (ACTIVE) - Summary

Eliminates the requirement that certain minority and women-owned business enterprise owners have a personal net worth of less than three million five hundred thousand dollars in order to obtain certification as a certified minority and women-owned business enterprise; clarifies that an individual's net worth is to be considered in determining eligibility for certification under article 15-A of the executive law.

2017-A2819 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2819
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2017
                                ___________
 
 Introduced  by M. of A. BICHOTTE, SOLAGES, SEPULVEDA, SEAWRIGHT, WALKER,
   HOOPER, HYNDMAN, BLAKE -- read once and referred to the  Committee  on
   Governmental Operations
 
 AN  ACT  to  amend  the  executive  law,  in relation to eliminating the
   requirement that certain minority and women-owned business  enterprise
   owners  have  a  personal  net  worth  of less than three million five
   hundred thousand dollars in order to obtain certification as a  quali-
   fying  minority  and  women-owned  business enterprise; and clarifying
   that an individual's net worth is not to be considered in  determining
   eligibility for certification under Article 15-A of the executive law
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraphs (v), (vi)  and  (vii)  of  paragraph  (a)  of
 subdivision 2-a of section 314 of the executive law, as amended by chap-
 ter 175 of the laws of 2010, are amended to read as follows:
   (v)  be  subject to a physical site inspection to verify the fifty-one
 percent ownership requirement; AND
   (vi)[be owned  by  an  individual  or  individuals,  whose  ownership,
 control and operation are relied upon for certification, with a personal
 net  worth  that  does  not  exceed  three million five hundred thousand
 dollars, as adjusted annually for inflation according  to  the  consumer
 price index; and
   (vii)]  be an enterprise that is a small business pursuant to subdivi-
 sion twenty of section three hundred ten of this article.
   § 2. Notwithstanding any rule, regulation or  guideline to the contra-
 ry, the personal net worth of an individual or individuals, whose owner-
 ship, control and operation are relied upon for certification of a busi-
 ness  as  a  certified  minority  and  women-owned  business  enterprise
 pursuant  to  the  provisions of article 15-A of the executive law shall
 not be taken into account in determining certification under such  arti-
 cle.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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