Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to commerce, economic development and small business |
Jan 14, 2021 |
referred to commerce, economic development and small business |
Senate Bill S1600
2021-2022 Legislative Session
Sponsored By
(D) 10th Senate District
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
2021-S1600 (ACTIVE) - Details
- Current Committee:
- Senate Commerce, Economic Development And Small Business
- Law Section:
- Economic Development Law
- Laws Affected:
- Add Art 23 §§460 - 463, Ec Dev L
- Versions Introduced in 2019-2020 Legislative Session:
-
S8459
2021-S1600 (ACTIVE) - Summary
Establishes the COVID-19 recovery commission to determine how much funding to seek and new issuances that will be sold to the Federal Reserve Municipal Liquidity Facility and to gather information, testimony, advice and other input to make allocation decisions in respect of the new funding and recovery efforts related to novel coronavirus, COVID-19; requires the commission to report its findings to the governor and legislature monthly.
2021-S1600 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1600 SPONSOR: SANDERS TITLE OF BILL: An act to amend the economic development law, in relation to establish- ing the COVID-19 Recovery Commission PURPOSE OR GENERAL IDEA OF BILL: To establish the COVID-19 Recovery Commission, as a means for New York State and its constituent municipalities to tap into the Federal Reserve Municipal Lending Facility (MLF): for the purposes of funding efforts to mitigate the health and economic fallout of the COVID-19 pandemic, AND TO EXPLORE THE CREATION OF A PUBLIC BANK CAPITALIZED BY THE FUNDING PROVIDED THROUGH THE MLF: SUMMARY OF PROVISIONS:
2021-S1600 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1600 2021-2022 Regular Sessions I N S E N A T E January 14, 2021 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Commerce, Economic Devel- opment and Small Business AN ACT to amend the economic development law, in relation to establish- ing the COVID-19 Recovery Commission THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The economic development law is amended by adding a new article 23 to read as follows: ARTICLE 23 COVID-19 RECOVERY COMMISSION SECTION 460. COVID-19 RECOVERY COMMISSION. 461. POWERS AND DUTIES OF THE COMMISSION. 462. REPORTING. 463. ASSISTANCE OF OTHER AGENCIES. § 460. COVID-19 RECOVERY COMMISSION. 1. THERE IS HEREBY ESTABLISHED IN THE DEPARTMENT A COMMISSION, TO BE KNOWN AS THE COVID-19 RECOVERY COMMISSION. 2. SUCH COMMISSION SHALL CONSIST OF THE DIRECTOR OF THE BUDGET, THE PRESIDENT OF THE EMPIRE STATE DEVELOPMENT CORPORATION, THE SUPERINTEN- DENT OF THE DEPARTMENT OF FINANCIAL SERVICES, THE PRESIDENT OF THE METROPOLITAN TRANSPORTATION AUTHORITY, THE PRESIDENT OF THE PORT AUTHOR- ITY, THE PRESIDENT OF THE DORMITORY AUTHORITY, THE COMMISSIONER OF THE DEPARTMENT OF HEALTH AND ALL OTHER STATE COMMISSIONERS IN CHARGE OF FINANCING AS DETERMINED BY THE GOVERNOR. THE COMMISSION SHALL ALSO INCLUDE REPRESENTATIVES OF THE STATE'S PRINCIPAL SUBDIVISIONS AND APPRO- PRIATE PUBLIC FINANCE PERSONNEL APPOINTED AS FOLLOWS: THREE MEMBERS SHALL BE APPOINTED BY THE GOVERNOR, TWO MEMBERS SHALL BE APPOINTED BY THE TEMPORARY PRESIDENT OF THE SENATE, TWO MEMBERS SHALL BE APPOINTED BY THE SPEAKER OF THE ASSEMBLY, ONE MEMBER SHALL BE APPOINTED BY THE MINOR- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.