Assembly Bill A9346

2023-2024 Legislative Session

Authorizes the power authority to create the New York State small business development program

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-A9346 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §1009-b, Pub Auth L

2023-A9346 (ACTIVE) - Summary

Authorizes the power authority to create the New York State small business development program.

2023-A9346 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9346
 
                           I N  A S S E M B L Y
 
                               March 6, 2024
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to allowing  the
   power  authority  to create the New York State small business develop-
   ment program; and providing for the repeal  of  such  provisions  upon
   expiration thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The public authorities law  is  amended  by  adding  a  new
 section 1009-b to read as follows:
   §  1009-B.  POWER  AUTHORITY  OF  THE STATE OF NEW YORK SMALL BUSINESS
 DEVELOPMENT PROGRAM. 1. FOR THE PURPOSES OF THIS SECTION, THE  FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   (A) "AUTHORITY" MEANS THE POWER AUTHORITY OF THE STATE OF NEW YORK AND
 THE CANAL CORPORATION.
   (B) "CHAIRPERSON" MEANS THE CHAIRPERSON OF THE AUTHORITY.
   (C)  "SMALL  BUSINESS"  MEANS  A  BUSINESS  IN THE CONSTRUCTION TRADES
 WHICH:
   (I) IS INDEPENDENTLY OWNED AND OPERATED;
   (II) HAS ANNUAL REVENUES NOT EXCEEDING  A  FISCAL  LIMITATION  OF  TEN
 MILLION  DOLLARS  OR  SUCH LESSER AMOUNT AS ESTABLISHED BY THE AUTHORITY
 PURSUANT TO THIS SECTION; AND
   (III) MEETS ADDITIONAL CRITERIA AS OTHERWISE ESTABLISHED BY THE CHAIR-
 PERSON AND THE HEAD OF SUPPLIER DIVERSITY. THE AUTHORITY SHALL ESTABLISH
 BOTH GENERAL AND SPECIFIC DEFINITIONS FOR DIFFERENT  INDUSTRIES  TO  THE
 EXTENT  NECESSARY  TO REFLECT DIFFERING CHARACTERISTICS OF SUCH SEGMENTS
 BASED ON THE CRITERIA USED BY THE UNITED STATES SMALL BUSINESS  ADMINIS-
 TRATION  FOR  LOANS TO SMALL BUSINESSES AS SET FORTH IN SECTIONS 121.301
 THROUGH 121.305, OR FOR AWARDING GOVERNMENT PROCUREMENTS AS SET FORTH IN
 SECTIONS 121.401 THROUGH 121.413, OF SUBPART A OF PART 121 OF CHAPTER  I
 OF  TITLE  13  OF  THE CODE OF FEDERAL REGULATIONS, AS AMENDED, AND SUCH
 OTHER CRITERIA AS DETERMINED BY THE AUTHORITY.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13941-02-4
 A. 9346                             2
              

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