Senate Bill S9777

Signed By Governor
2023-2024 Legislative Session

Extends the reporting deadline of the advisory panel on employee-owned enterprises to 2025

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor

  • 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-S9777 (ACTIVE) - Details

See Assembly Version of this Bill:
A9969
Law Section:
Economic Development Law
Laws Affected:
Amd §139, Ec Dev L; amd §2, Chap 435 of 2017

2023-S9777 (ACTIVE) - Summary

Extends the reporting deadline of the advisory panel on employee-owned enterprises from June 30, 2024 to June 30, 2025; extends for one year the advisory panel on employee-owned enterprises which is tasked with reporting and making recommendations on how best to support such businesses and promote the formation and growth of new employee-owned enterprises in New York state.

2023-S9777 (ACTIVE) - Sponsor Memo

2023-S9777 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9777
 
                             I N  S E N A T E
 
                               May 30, 2024
                                ___________
 
 Introduced by Sen. GOUNARDES -- 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  extending
   the  reporting deadline of the advisory panel on employee-owned enter-
   prises; 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.  Subdivision  5 of section 139 of the economic development
 law, as amended by chapter 159 of the laws of 2023, is amended  to  read
 as follows:
   5.  Reporting.  The  advisory panel shall issue a report no later than
 June thirtieth, two thousand  [twenty-four]  TWENTY-FIVE  outlining  the
 findings and recommendations of the panel. The report shall be delivered
 to the governor, the speaker of the assembly, the temporary president of
 the  senate, the minority leader of the assembly, the minority leader of
 the senate, the chair of the assembly committee on ways and  means,  the
 chair  of  the  senate  committee  on finance, the chair of the assembly
 committee on economic development, the chair of the  assembly  committee
 on  small  business,  the  chair  of  the  senate committee on commerce,
 economic development, and small business,  the  chair  of  the  assembly
 committee on labor, and the chair of the senate committee on labor.
   § 2. Section 2 of chapter 435 of the laws of 2017 amending the econom-
 ic development law relating to establishing an advisory panel on employ-
 ee-owned  enterprises within the division of small business services, as
 amended by chapter 159 of the laws  of  2023,  is  amended  to  read  as
 follows:
   §  2.  This act shall take effect immediately and shall expire October
 1, [2024] 2025 when upon such date the provisions of this act  shall  be
 deemed repealed.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15112-02-4

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