Bill Text: NY A08035 | 2011-2012 | General Assembly | Introduced

New York Assembly Bill 8035 (Prior Session Legislation)

Introduced

Bill Title: Requires the governor's office for economic development and the office of empire state development to undertake a review of loan programs and implement measures that improve efficiencies.

Spectrum: Slight Partisan Bill (Democrat 10-4)

Status: (Introduced - Dead) 2012-01-04 - referred to economic development [A08035 Detail]

Download: New_York-2011-A08035-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8035
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 27, 2011
                                      ___________
       Introduced  by  M.  of  A.  SCARBOROUGH -- read once and referred to the
         Committee on Economic Development
       AN ACT to amend the economic development law, in relation  to  requiring
         the  governor's  office  for  economic  development  and the office of
         empire state development to undertake a review of  loan  programs  and
         implement measures that improve efficiencies
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 100 of the economic development law is  amended  by
    2  adding a new subdivision 48 to read as follows:
    3    48.  THE  DEPARTMENT  IN COOPERATION WITH THE EMPIRE STATE DEVELOPMENT
    4  CORPORATION SHALL UNDERTAKE A REVIEW OF  ALL  LOAN  AND  GRANT  PROGRAMS
    5  INCLUDING  BUT NOT LIMITED TO: DIRECT LOANS ISSUED FROM THE EMPIRE STATE
    6  DEVELOPMENT CORPORATION AND THE JOB  DEVELOPMENT  AUTHORITY  AND  EMPIRE
    7  STATE   DEVELOPMENT  REVOLVING  LOAN  PROGRAMS.  SUCH  REVIEW  SHALL  BE
    8  COMPLETED WITHIN ONE YEAR OF THE EFFECTIVE DATE OF THIS  SECTION.    THE
    9  FOCUS  OF  SUCH  REVIEW  SHALL  BE ON METHODS FOR IMPROVING EFFICIENCIES
   10  WITHIN THE PROGRAMS INCLUDING CONSOLIDATING DUPLICATIVE WORK AND  PAPER-
   11  WORK AND WAYS TO FACILITATE THE DISBURSING OF PAYMENTS.
   12    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10415-02-1