Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 30, 2018 |
held for consideration in economic development |
Jan 03, 2018 |
referred to economic development |
Feb 17, 2017 |
referred to economic development |
Assembly Bill A5928
2017-2018 Legislative Session
Sponsored By
KOLB
Archive: Last Bill Status - In Assembly 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
Marc Butler
multi-Sponsors
William A. Barclay
Clifford Crouch
Brian F. Curran
Gary Finch
2017-A5928 (ACTIVE) - Details
2017-A5928 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5928 2017-2018 Regular Sessions I N A S S E M B L Y February 17, 2017 ___________ Introduced by M. of A. KOLB, BUTLER, McLAUGHLIN -- Multi-Sponsored by -- M. of A. BARCLAY, CROUCH, CURRAN, FINCH, FITZPATRICK, GIGLIO, HAWLEY, McDONOUGH, McKEVITT, MONTESANO, OAKS, RAIA -- read once and referred to the Committee on Economic Development AN ACT to amend the state finance law, in relation to the definition of a business startup and funds reserved for business startups THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 4 of section 213 of the state finance law, as added by chapter 705 of the laws of 1993 and as further amended by section 15 of part GG of chapter 63 of the laws of 2000, is amended to read as follows: 4. (A) "Certified business" means a business located in an empire zone created pursuant to article eighteen-B of the general municipal law and certified pursuant to such article as eligible for the benefits referred to in section nine hundred sixty-six of such article, OR A BUSINESS STARTUP AS DEFINED IN THIS SUBDIVISION. (B) "BUSINESS STARTUP" MEANS A NEWLY CREATED BUSINESS IN ITS EARLY RESEARCH AND DEVELOPMENT STAGE, AS DESIGNATED BY THE DEPARTMENT OF ECONOMIC DEVELOPMENT. § 2. Section 214 of the state finance law, as amended by section 1 of part P of chapter 59 of the laws of 2007, is amended to read as follows: § 214. Establishment and purpose; linked deposit program authori- zation. The excelsior linked deposit program is hereby created. The purpose of the program is to encourage and assist eligible businesses within the state to undertake eligible projects that will materially contribute to improving their performance and competitiveness. The comp- troller is hereby authorized to use any moneys of the state the comp- troller is authorized to invest pursuant to section ninety-eight-a of this chapter as linked deposits for the program. Not more than [four] NINE hundred [sixty] million dollars of such moneys shall be on deposit EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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