Bill Text: NY A10553 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to the definition of small business; extends effectiveness relating to requiring state agencies to pay small businesses within fifteen days of receipt of an invoice.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2016-07-21 - signed chap.160 [A10553 Detail]

Download: New_York-2015-A10553-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10553
                   IN ASSEMBLY
                                      June 2, 2016
                                       ___________
        Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Blake) --
          read once and referred to the Committee on Ways and Means
        AN ACT to amend the state finance law, in relation to the definition  of
          "small business"; and to amend chapter 568 of the laws of 2015, amend-
          ing  the state finance law relating to requiring state agencies to pay
          small businesses within fifteen days of  receipt  of  an  invoice,  in
          relation to the effectiveness thereof
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 6 of section 179-f of the state finance law, as
     2  amended by chapter 36 of the  laws  of  2016,  is  amended  to  read  as
     3  follows:
     4    6.  As  used  in  this section, "small business" shall mean a business
     5  whose primary place of business is in New York state, has a  significant
     6  business presence in the state, is independently owned and operated, not
     7  dominant in its field, and employs no more than two hundred employees at
     8  the  time  of  [the  award  contracting and] payment. The ["]small busi-
     9  ness["] shall, upon request, provide the contracting entity with  suffi-
    10  cient  documentation  to reflect and confirm its status as a small busi-
    11  ness.
    12    § 2. Section 2 of chapter 568 of the laws of 2015, amending the  state
    13  finance law relating to requiring state agencies to pay small businesses
    14  within  fifteen  days of receipt of an invoice, as amended by chapter 36
    15  of the laws of 2016, is amended to read as follows:
    16    § 2. This act shall take effect on [the three hundred sixty-fifth  day
    17  after it shall have become a law] March 31, 2017 and shall apply only to
    18  invoices received after such date.
    19    §  3.  This  act  shall  take  effect on the same date and in the same
    20  manner as chapter 568 of the laws of 2015, amending  the  state  finance
    21  law  relating to requiring state agencies to pay small businesses within
    22  fifteen days of receipt of an invoice, as amended, takes effect.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15711-01-6