A03739 Summary:

BILL NOA03739
 
SAME ASNo Same As
 
SPONSORScarborough
 
COSPNSRWalker, Robinson
 
MLTSPNSR
 
Amd S16-t, UDC Act
 
Relates to program loans to small businesses; authorizes such loans to be used for short term financing for the purpose of performing contracts to provide for construction or professional services for state procurement purposes.
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A03739 Actions:

BILL NOA03739
 
01/27/2015referred to small business
05/07/2015enacting clause stricken
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A03739 Committee Votes:

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A03739 Floor Votes:

There are no votes for this bill in this legislative session.
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A03739 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3739
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 27, 2015
                                       ___________
 
        Introduced  by  M.  of  A.  SCARBOROUGH -- read once and referred to the
          Committee on Small Business
 
        AN ACT to amend the New York state urban development corporation act, in
          relation to program loans to small businesses
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Paragraphs (c) and (d) of subdivision 3 of section 16-t of
     2  section 1 of chapter 174 of the laws of 1968, constituting the New  York
     3  state urban development corporation act, as amended by section 1 of part
     4  II  of  chapter  59 of the laws of 2013, are amended and a new paragraph
     5  (e) is added to read as follows:
     6    (c) the acquisition of machinery and equipment, property  or  improve-
     7  ment; [or] (d) the refinancing of debt obligations[.]; or (e) short term
     8  financing  for  the  purpose  of  performing  contracts  to  provide for
     9  construction or professional services for state procurement purposes.
    10    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08039-01-5
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