Bill Text: NY A02241 | 2019-2020 | General Assembly | Introduced

Bill Title: Relates to assistance for certain small businesses including dry cleaners and those that practice nail specialty for necessary code related improvements.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced) 2019-06-05 - reported referred to ways and means [A02241 Detail]

Download: New_York-2019-A02241-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 22, 2019
        Introduced  by  M. of A. KIM, VANEL, D'URSO -- 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 assistance for certain small businesses
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision 1 of section 16-m of section 1 of chapter 174
     2  of the laws of 1968, constituting the New York state  urban  development
     3  corporation  act,  is  amended  by adding a new paragraph (o) to read as
     4  follows:
     5    (o) Assistance to small businesses engaged in dry cleaning or  appear-
     6  ance  enhancement businesses which practice nail specialty to make capi-
     7  tal improvements through grants and flexible financing programs, includ-
     8  ing, but not limited to, loan loss reserve and revolving loan  programs,
     9  working  capital loans, working capital loan guarantees, or other flexi-
    10  ble financing programs that leverage traditional financing. Such  finan-
    11  cial  assistance  shall  be used to assist:  (i) dry cleaning businesses
    12  for the purchase and installation of non-perchlorethylene  machines  and
    13  sprinkler  systems to comply with state and local codes, rules and regu-
    14  lations; and (ii) appearance enhancement businesses which practice  nail
    15  specialty to make capital improvements and upgrades to mechanical venti-
    16  lation  systems  that  are  necessary  to comply with federal, state and
    17  local indoor air quality codes, rules and regulations. The  corporation,
    18  in  consultation  with  the  environmental  facilities  corporation, the
    19  department of environmental conservation and the department  of  health,
    20  shall  promulgate  all necessary rules and regulations to facilitate and
    21  administer such assistance program. For the purposes of this  paragraph,
    22  "small businesses" shall have the same meaning as defined in section one
    23  hundred thirty-one of the economic development law.
    24    §  2.  This  act shall take effect on the ninetieth day after it shall
    25  have become a law; provided, however, the amendments to subdivision  one
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

        A. 2241                             2
     1  of section 16-m of section 1 of chapter 174 of the laws of 1968, consti-
     2  tuting  the  New  York  state urban development corporation act, made by
     3  section one of this act, shall not affect the expiration of such section
     4  and  shall  be  deemed  to expire therewith; provided, further, however,
     5  that effective immediately, the addition, amendment,  and/or  repeal  of
     6  any  rule  or regulation necessary for the implementation of this act on
     7  its effective date are authorized to be made and completed on or  before
     8  such effective date.