Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to small business |
Mar 18, 2021 |
referred to small business |
Assembly Bill A6480
2021-2022 Legislative Session
Sponsored By
STIRPE
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
Fred Thiele
2021-A6480 (ACTIVE) - Details
- Current Committee:
- Assembly Small Business
- Law Section:
- New York State Urban Development Corporation Act
- Laws Affected:
- Add §16-bb, amd §16-m, UDC Act
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
A3945, A10474
2011-2012: A6712
2013-2014: A2587
2015-2016: A7797, A3740
2017-2018: A3284
2019-2020: A8802
2023-2024: A6335
2021-A6480 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6480 2021-2022 Regular Sessions I N A S S E M B L Y March 18, 2021 ___________ Introduced by M. of A. STIRPE, THIELE -- read once and referred to the Committee on Small Business AN ACT to amend the New York state urban development corporation act, in relation to creating the small business energy loan program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The legislature hereby finds and declares that the state's chronically high energy costs are often cited as a key factor for why New York-based businesses and New York-made products are not competitive in national and global markets. The legislature further finds that the state's economic expansion is tied to the growth and development of small businesses. By reducing a primary cost component in a rapidly growing sector of the state's economy, those businesses are rendered more competitive, and thus help to better secure New York-based jobs. In addition, thriving businesses and communities will augment the tax base, which in distressed communities is disproportionately lower than in other areas of the state. Therefore, the legislature seeks to provide funds to reduce high ener- gy costs, via a zero or low interest loan, or loan interest rate reduction program for energy efficiency projects to stimulate the growth and development of small businesses and jobs in New York state. § 2. Section 1 of chapter 174 of the laws of 1968, constituting the New York state urban development corporation act, is amended by adding a new section 16-bb to read as follows: § 16-BB. SMALL BUSINESS ENERGY LOAN PROGRAM. 1. DEFINITIONS. FOR THE PURPOSE OF THIS SECTION: (A) "AUTHORITY" SHALL MEAN THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY AS DEFINED IN SECTION 1851 OF THE PUBLIC AUTHORI- TIES LAW. (B) "ECONOMICALLY DISTRESSED AREAS" SHALL MEAN AREAS AS DETERMINED BY THE CORPORATION, MEETING CRITERIA INDICATIVE OF ECONOMIC DISTRESS, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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