STATE OF NEW YORK
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4030
2015-2016 Regular Sessions
IN ASSEMBLY
January 28, 2015
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Introduced by M. of A. GOLDFEDER -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the state finance law, in relation to providing grants
to rebuild storefronts damaged by Hurricane Sandy
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Definitions. For the purposes of this act, the following
2 terms shall have the following meanings:
3 1. "Severely damaged storefront" shall mean a storefront of a property
4 which was damaged as a result of Hurricane Sandy and the costs of
5 repairs to rebuild such storefront total ten thousand dollars or more.
6 2. "Hurricane Sandy" shall mean the storms, rains, or floods which
7 occurred during the period beginning on October 29, 2012 and ending
8 November 3, 2012.
9 3. "Small business" shall mean any business which is located within
10 this state, independently owned and operated, and employs fifty or fewer
11 individuals.
12 § 2. Storefront repair program. 1. Notwithstanding any other provision
13 of law, an owner of a small business who, as a result of Hurricane
14 Sandy, sustained a severely damaged storefront shall be eligible for a
15 grant of ten thousand dollars to repair, rehabilitate, or replace such
16 storefront.
17 2. Application by a small business owner for a grant pursuant to
18 subdivision one of this section shall be made to the division of home-
19 land security and emergency services in a manner and form to be deter-
20 mined by such division. Such application shall include, but not be
21 limited to:
22 a. proof that the business operated by the owner is a small business;
23 b. proof that the business was operated prior to Hurricane Sandy;
24 c. proof that the damage sustained to the storefront was caused by
25 Hurricane Sandy;
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06380-01-5
A. 4030 2
1 d. proof that the storefront is a severely damaged storefront; and
2 e. any other information that such division deems relevant.
3 3. Application for a grant authorized by this act shall be made on or
4 before July 1, 2016.
5 § 3. The state finance law is amended by adding a new section 99-w to
6 read as follows:
7 § 99-w. Hurricane Sandy storefront repair fund. 1. There is hereby
8 established in the joint custody of the comptroller and the commissioner
9 of taxation and finance a special fund to be known as the "Hurricane
10 Sandy storefront repair fund".
11 2. The source of funds shall consist of all moneys collected therefor,
12 or moneys credited, appropriated or transferred thereto from any other
13 fund or source pursuant to law, or any other moneys made available for
14 the purposes of the fund. Any interest received by the comptroller on
15 moneys on deposit shall be retained in and become a part of the fund,
16 unless otherwise directed by law.
17 3. Following appropriation by the legislature, moneys in the fund
18 shall be available for grants authorized by the chapter of the laws of
19 two thousand fifteen which added this section to repair, rehabilitate,
20 or replace eligible storefronts damaged by Hurricane Sandy.
21 4. The moneys of the fund shall be paid out on the audit and warrant
22 of the comptroller on vouchers certified or approved by the division of
23 homeland security and emergency services.
24 § 4. This act shall take effect immediately.
