Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 18, 2017 |
approval memo.45 signed chap.474 |
Dec 06, 2017 |
delivered to governor |
Jun 14, 2017 |
returned to assembly passed senate 3rd reading cal.1293 substituted for s4046 |
Jun 14, 2017 |
substituted by a4253 |
Jun 05, 2017 |
advanced to third reading |
May 24, 2017 |
2nd report cal. |
May 23, 2017 |
1st report cal.1293 |
Feb 02, 2017 |
referred to corporations, authorities and commissions |
Senate Bill S4046
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status Via A4253 - 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
Actions
Votes
2017-S4046 (ACTIVE) - Details
2017-S4046 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4046 TITLE OF BILL : An act to amend the New York state urban development corporation act, in relation to the regional revolving loan program PURPOSE OF BILL : This bill would allow the Empire State Development Corporation (ESDC) to administer the Regional Revolving Loan Trust Fund Program, Minority and Women Revolving Loan Trust Fund Program, Micro Enterprise Revolving Loan Trust Fund and Commercial District Revolving Loan Trust fund in a manner consistent with the small business revolving loan fund program. SUMMARY OF PROVISIONS : Section 1 of the bill would amend § 16-a of the Urban Development Corporation Act (UDC) by adding a new subdivision 3-a that would authorize the Empire State Development (ESDC) to administer the Regional Revolving Loan Trust Fund Program in a manner consistent with the small business revolving loan fund program. Section 2 of the bill would amend § 16-a (20) of the UDC to require the ESDC to submit annual reports relating to the Regional Revolving Loan Trust Fund Program and post them on their websites.
2017-S4046 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 4046 A. 4253 2017-2018 Regular Sessions S E N A T E - A S S E M B L Y February 2, 2017 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions IN ASSEMBLY -- Introduced by M. of A. 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 the regional revolving loan program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 16-a of 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 subdivision 3-a to read as follows: (3-A) NOTWITHSTANDING SUBDIVISION THREE OF THIS SECTION, WHERE APPLI- CABLE, THE CORPORATION IS AUTHORIZED TO ENTER INTO AGREEMENTS AS MAY BE NECESSARY FOR THE ADMINISTRATION AND REPORTING OF FUNDS REPAID, RECEIVED, EXPENDED OR COLLECTED IN A MANNER CONSISTENT WITH THE PROVISIONS IN SECTION SIXTEEN-T OF THIS ACT. THE USE OF SUCH FUNDS BY THE CORPORATION SHALL BE CONSISTENT WITH THE TERMS, CONDITIONS AND RESTRICTIONS SET FORTH IN SUBDIVISION FOUR OF THIS SECTION, TO PROVIDE FINANCIAL ASSISTANCE TO ELIGIBLE REGIONAL CORPORATIONS AS DEFINED IN SUBDIVISION EIGHTEEN OF SECTION THREE OF THIS ACT. OUTSTANDING EXPENSES, LOANS AND OTHER OBLIGATIONS EXECUTED PRIOR TO THE EFFECTIVE DATE OF THIS SUBDIVISION SHALL BE SUBJECT TO THE TERMS AND CONDITIONS OF THE ORIGINAL CONTRACT OR CONTRACTS. § 2. Subdivision 20 of section 16-a of section 1 of chapter 174 of the laws of 1968, constituting the New York state urban development corpo- ration act, as amended by chapter 524 of the laws of 2005, is amended to read as follows: (20) Reporting. (A) THE LENDING ORGANIZATION SHALL SUBMIT TO THE CORPORATION ANNUAL REPORTS STATING: THE NUMBER OF PROGRAM LOANS MADE; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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