Bill Text: NY S02846 | 2019-2020 | General Assembly | Introduced


Bill Title: Relates to requiring the payment of small business grants within one hundred twenty days of notification of such funding.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Engrossed) 2019-03-07 - referred to corporations, authorities and commissions [S02846 Detail]

Download: New_York-2019-S02846-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          2846
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 29, 2019
                                       ___________
        Introduced by Sens. RANZENHOFER, AKSHAR, FUNKE, HELMING, RITCHIE, SERINO
          -- read twice and ordered printed, and when printed to be committed to
          the Committee on Energy and Telecommunications
        AN ACT to amend the public authorities law, in relation to requiring the
          payment  of  small  business  grants within one hundred twenty days of
          notification of such funding
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  14 of section 1854 of the public authorities
     2  law, as added by chapter 83 of the laws of 1995, is amended to  read  as
     3  follows:
     4    14.  (a)  To apply for and to administer federal research and develop-
     5  ment grants and other monies for the benefit of consumers.
     6    (b) To make payments to small businesses, as  defined  by  subdivision
     7  eight  of  section one hundred two of the state administrative procedure
     8  act, for grants administered by the authority. Payment  of  such  grants
     9  shall  be  made no later than one hundred twenty days after notification
    10  of such funding award.
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01620-01-9
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