Assembly Bill A10513

2023-2024 Legislative Session

Relates to additional duties and reporting requirements of the advisory panel on employee-owned enterprises

download bill text pdf

Sponsored By

Current 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

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2023-A10513 (ACTIVE) - Details

See Senate Version of this Bill:
S8477
Current Committee:
Assembly Economic Development
Law Section:
Economic Development Law
Laws Affected:
Amd §139, Ec Dev L; amd §2, Chap 435 of 2017

2023-A10513 (ACTIVE) - Summary

Directs the advisory panel on employee-owned enterprises to evaluate barriers to certification as MWBEs for employee-owned businesses and recommend strategies for continuation of certified business enterprises upon the transfer or sale of such business; extends the expiration date of the panel.

2023-A10513 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10513
 
                           I N  A S S E M B L Y
 
                               May 29, 2024
                                ___________
 
 Introduced by COMMITTEE ON RULES -- (at request of M. of A. Zinerman) --
   read once and referred to the Committee on Economic Development
 
 AN  ACT to amend the economic development law, in relation to additional
   duties and reporting requirements of the advisory panel  on  employee-
   owned  enterprises;  and  to  amend  chapter  435 of the laws of 2017,
   amending the economic development  law  relating  to  establishing  an
   advisory   panel on employee-owned enterprises  within the division of
   small business services, in relation to the effectiveness thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraphs (h) and (i) of subdivision 4 of section 139 of
 the economic development law are relettered paragraphs (k) and  (l)  and
 three new paragraphs (h), (i) and (j) are added to read as follows:
   (H)  EVALUATE  BARRIERS FOR EMPLOYEE-OWNED ENTERPRISES TO BE CERTIFIED
 IN THE STATEWIDE CERTIFICATION  PROGRAM  FOR  MINORITY  AND  WOMEN-OWNED
 BUSINESSES  AS  OUTLINED IN SECTION THREE HUNDRED FOURTEEN OF THE EXECU-
 TIVE LAW AND TO PARTICIPATE IN STATE AGENCY CONTRACTS, AND  EXAMINE  AND
 IDENTIFY CHANGES TO STATE LAWS, INCLUDING ARTICLE FIFTEEN-A OF THE EXEC-
 UTIVE  LAW,  WHICH  SHALL  REDUCE  BARRIERS TO CERTIFICATION AND PARTIC-
 IPATION IN THE PERFORMANCE OF STATE CONTRACTS;
   (I) IDENTIFY AND RECOMMEND STRATEGIES THAT THE DIRECTOR OF  THE  DIVI-
 SION OF MINORITY AND WOMEN'S BUSINESS DEVELOPMENT, AS DEFINED BY SECTION
 THREE  HUNDRED  ELEVEN  OF  THE  EXECUTIVE  LAW, COULD IMPLEMENT TO HELP
 EMPLOYEE-OWNED ENTERPRISES CONFIRM THEIR QUALIFICATIONS  FOR  THE  STATE
 CERTIFICATION  PROGRAM FOR MINORITY AND WOMEN-OWNED BUSINESSES, NAVIGATE
 THE  STATE  CERTIFICATION  PROCESS,  AND  PARTICIPATE  IN  STATE  AGENCY
 CONTRACTS;
   (J) IDENTIFY AND RECOMMEND STRATEGIES, INCLUDING THOSE THAT THE DIREC-
 TOR  OF  THE DIVISION OF MINORITY AND WOMEN'S BUSINESS DEVELOPMENT COULD
 IMPLEMENT, TO FACILITATE THE CREATION OF EMPLOYEE-OWNED ENTERPRISES THAT
 PROMOTE THE CONTINUATION OF EXISTING MINORITY AND WOMEN-OWNED BUSINESSES
 EITHER AS PART OF A PRE-EXISTING BUSINESS SUCCESSION OF  OWNERSHIP  PLAN
 OR  AS  AN ALTERNATIVE OPTION IF A BUSINESS IS BEING OFFERED FOR SALE OR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14351-01-4
              

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