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A09630 Summary:

BILL NO    A09630A


SPONSOR    Sweeney (MS)

COSPNSR    Tocci, Canestrari, Schimminger, Colman, Millman, Galef, Morelle

MLTSPNSR   Abbate, Aubry, Cohen A, Cook, Cymbrowitz, Davis, DelMonte, Destito,
           DiNapoli, Eddington,Espaillat, Higgins, Hooper, John, Kaufman,
           Lavelle, Levy, McEneny, Nolan, Ortiz, Perry, Robach,Sanders,
           Scarborough, Sidikman, Smith, Weisenberg, Wright

Amd S3, add S9-f, UDC Act

Creates a program authorizing loans by the Urban development Corporation (UDC)
and to small and medium business that has suffered or is likely to suffer
economic injury as a result of the absence of the owner, manager, or key
employee who is or was an eligible reservist being ordered to active duty with
the armed forces during a period of military conflict; loans not to exceed
$150,000; interest not to exceed a rate of 5%; definitions and related
provisions; does not call for the expenditure of state funds.
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