BILL NO A09630A
SAME AS SAME AS S06415-A
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.
