- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A04253 Summary:
BILL NO | A04253 |
  | |
SAME AS | SAME AS UNI. S04046 |
  | |
SPONSOR | Thiele |
  | |
COSPNSR | |
  | |
MLTSPNSR | |
  | |
Amd §§16-a, 16-c, 16-d & 16-t, UDC Act | |
  | |
Authorizes the empire state development corporation to administer several revolving loan fund (RLF) programs in a manner consistent with how the small business revolving loan fund is administered. |
A04253 Actions:
BILL NO | A04253 | |||||||||||||||||||||||||||||||||||||||||||||||||
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02/02/2017 | referred to small business | |||||||||||||||||||||||||||||||||||||||||||||||||
05/02/2017 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
05/09/2017 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
05/11/2017 | advanced to third reading cal.340 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/17/2017 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
05/17/2017 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
05/17/2017 | REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2017 | SUBSTITUTED FOR S4046 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2017 | 3RD READING CAL.1293 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2017 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2017 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
12/06/2017 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
12/18/2017 | signed chap.474 | |||||||||||||||||||||||||||||||||||||||||||||||||
12/18/2017 | approval memo.45 |
A04253 Committee Votes:
Thiele | Aye | DiPietro | Excused | ||||||
Rivera | Aye | Lalor | Aye | ||||||
Skartados | Aye | Murray | Aye | ||||||
Gjonaj | Aye | Blankenbush | Aye | ||||||
Pichardo | Aye | ||||||||
Woerner | Aye | ||||||||
Bichotte | Excused | ||||||||
Barron | Aye | ||||||||
Richardson | Excused | ||||||||
Hyndman | Aye | ||||||||
Dickens | Excused | ||||||||
Vanel | Aye | ||||||||
Jones | Aye | ||||||||
Farrell | Aye | Oaks | Aye | ||||||
Lentol | Aye | Crouch | Aye | ||||||
Schimminger | Aye | Barclay | Aye | ||||||
Gantt | Excused | Fitzpatrick | Aye | ||||||
Weinstein | Aye | Hawley | Aye | ||||||
Glick | Aye | Malliotakis | Aye | ||||||
Nolan | Excused | Walter | Aye | ||||||
Pretlow | Aye | Montesano | Aye | ||||||
Perry | Aye | Curran | Aye | ||||||
Colton | Aye | Ra | Aye | ||||||
Cook | Aye | ||||||||
Cahill | Aye | ||||||||
Aubry | Aye | ||||||||
Hooper | Aye | ||||||||
Thiele | Aye | ||||||||
Cusick | Aye | ||||||||
Ortiz | Aye | ||||||||
Benedetto | Aye | ||||||||
Moya | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Aye | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Go to top
A04253 Floor Votes:
Yes
Abbate
Yes
Crouch
Yes
Goodell
Yes
Lifton
Yes
O'Donnell
Yes
Simanowitz
Yes
Abinanti
Yes
Curran
Yes
Gottfried
Yes
Lopez
Yes
Ortiz
Yes
Simon
Yes
Arroyo
Yes
Cusick
ER
Graf
Yes
Lupardo
Yes
Otis
Yes
Simotas
Yes
Aubry
ER
Cymbrowitz
Yes
Gunther
Yes
Lupinacci
Yes
Palmesano
Yes
Skartados
Yes
Barclay
Yes
Davila
Yes
Harris
Yes
Magee
Yes
Palumbo
Yes
Skoufis
Yes
Barnwell
Yes
De La Rosa
Yes
Hawley
Yes
Magnarelli
Yes
Paulin
Yes
Solages
Yes
Barrett
Yes
DenDekker
Yes
Hevesi
Yes
Malliotakis
ER
Peoples-Stokes
Yes
Stec
Yes
Barron
ER
Dickens
Yes
Hikind
Yes
Mayer
Yes
Perry
Yes
Steck
Yes
Benedetto
Yes
Dilan
Yes
Hooper
Yes
McDonald
Yes
Pheffer Amato
Yes
Stirpe
ER
Bichotte
Yes
Dinowitz
Yes
Hunter
Yes
McDonough
Yes
Pichardo
Yes
Thiele
ER
Blake
Yes
DiPietro
Yes
Hyndman
Yes
McKevitt
Yes
Pretlow
Yes
Titone
Yes
Blankenbush
Yes
D'Urso
Yes
Jaffee
Yes
McLaughlin
Yes
Quart
ER
Titus
Yes
Brabenec
Yes
Englebright
Yes
Jean-Pierre
Yes
Miller B
Yes
Ra
Yes
Vanel
Yes
Braunstein
Yes
Errigo
Yes
Jenne
Yes
Miller MG
Yes
Raia
Yes
Walker
Yes
Brindisi
Yes
Fahy
Yes
Johns
ER
Miller ML
ER
Ramos
Yes
Wallace
Yes
Bronson
Yes
Farrell
Yes
Jones
Yes
Montesano
Yes
Richardson
Yes
Walsh
ER
Buchwald
ER
Finch
Yes
Joyner
Yes
Morelle
ER
Rivera
Yes
Walter
Yes
Butler
Yes
Fitzpatrick
Yes
Kavanagh
Yes
Morinello
Yes
Rodriguez
Yes
Weinstein
Yes
Byrne
Yes
Friend
ER
Kearns
Yes
Mosley
Yes
Rosenthal
Yes
Weprin
Yes
Cahill
ER
Galef
ER
Kim
Yes
Moya
Yes
Rozic
Yes
Williams
Yes
Carroll
ER
Gantt
Yes
Kolb
Yes
Murray
Yes
Ryan
Yes
Woerner
Yes
Castorina
Yes
Garbarino
Yes
Lalor
Yes
Niou
Yes
Santabarbara
Yes
Wright
Yes
Colton
Yes
Giglio
Yes
Lavine
Yes
Nolan
Yes
Schimminger
Yes
Zebrowski
Yes
Cook
Yes
Gjonaj
Yes
Lawrence
Yes
Norris
Yes
Seawright
Yes
Mr. Speaker
Yes
Crespo
Yes
Glick
Yes
Lentol
Yes
Oaks
Yes
Sepulveda
‡ Indicates voting via videoconference
A04253 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ S. 4046 A. 4253 2017-2018 Regular Sessions SENATE - ASSEMBLY February 2, 2017 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions IN ASSEMBLY -- Introduced by M. of A. THIELE -- 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 the regional revolving loan program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 16-a of section 1 of chapter 174 of the laws of 2 1968, constituting the New York state urban development corporation act, 3 is amended by adding a new subdivision 3-a to read as follows: 4 (3-a) Notwithstanding subdivision three of this section, where appli- 5 cable, the corporation is authorized to enter into agreements as may be 6 necessary for the administration and reporting of funds repaid, 7 received, expended or collected in a manner consistent with the 8 provisions in section sixteen-t of this act. The use of such funds by 9 the corporation shall be consistent with the terms, conditions and 10 restrictions set forth in subdivision four of this section, to provide 11 financial assistance to eligible regional corporations as defined in 12 subdivision eighteen of section three of this act. Outstanding 13 expenses, loans and other obligations executed prior to the effective 14 date of this subdivision shall be subject to the terms and conditions of 15 the original contract or contracts. 16 § 2. Subdivision 20 of section 16-a of section 1 of chapter 174 of the 17 laws of 1968, constituting the New York state urban development corpo- 18 ration act, as amended by chapter 524 of the laws of 2005, is amended to 19 read as follows: 20 (20) Reporting. (a) The lending organization shall submit to the 21 corporation annual reports stating: the number of program loans made; EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04124-01-7S. 4046 2 A. 4253 1 the amount of program funding used for loans; the use of loan proceeds 2 by the borrower; the number of jobs created or retained; a description 3 of the economic development generated; the status of each outstanding 4 program loan, including fund balance; and such other information as the 5 corporation may require. 6 (b) The corporation shall, on or before October 1, 1988 and on or 7 before each October first thereafter, submit a report to the governor 8 and the legislature on the operations and accomplishments of the 9 regional revolving loan program. Such report shall include a summary of 10 the information contained in the reports submitted pursuant to subdivi- 11 sion sixteen of this section and of the results of the audits performed 12 by the corporation pursuant to subdivision nineteen of this section, and 13 shall set forth the status of the regional revolving loan program for 14 the previous fiscal year, including grants to the regional corporations, 15 earnings and account balances as reported to the corporation. The report 16 to be submitted on October 1, 2005 and on or before each October first 17 thereafter shall be consolidated with the annual program report of the 18 corporation required under the provisions of subdivision (b) of section 19 thirty of this act, as amended. 20 (c) Beginning January 1, 2018, notwithstanding any law to the contra- 21 ry, the corporation shall publish on its website annual reports required 22 under paragraphs (a) and (b) of this subdivision. 23 § 3. Subdivision 2 of section 16-c of section 1 of chapter 174 of the 24 laws of 1968, constituting the New York state urban development corpo- 25 ration act, is amended by adding a new paragraph (i) to read as follows: 26 (i) Notwithstanding any other provisions of this subdivision, where 27 applicable, the corporation is authorized to enter into agreements as 28 may be necessary for the administration and reporting of funds repaid, 29 received, expended or collected in a manner consistent with the 30 provisions in section sixteen-t of this act. The use of such funds by 31 the corporation shall be consistent with the terms, conditions and 32 restrictions set forth under this subdivision, to provide financial 33 assistance to eligible businesses as defined in subdivisions three and 34 five of section two hundred ten of the economic development law. 35 Outstanding expenses, loans and other obligations executed prior to the 36 effective date of this paragraph shall be subject to the terms and 37 conditions of the original contract or contracts. 38 (i) The lending organization shall submit to the corporation annual 39 reports stating: the number of program loans made; the amount of program 40 funding used for loans; the use of loan proceeds by the borrower; the 41 number of jobs created or retained; a description of the economic devel- 42 opment generated; the status of each outstanding program loan, including 43 fund balance; and such other information as the corporation may require. 44 (ii) Beginning January 1, 2018, notwithstanding any law to the contra- 45 ry, the corporation shall publish on its website annual reports required 46 under subparagraph (i) of this paragraph. 47 § 4. Subdivision 3 of section 16-c of section 1 of chapter 174 of the 48 laws of 1968 constituting the New York state urban development corpo- 49 ration act, is amended by adding two new paragraphs (d) and (e) to read 50 as follows: 51 (d) Notwithstanding any other provisions of this subdivision, where 52 applicable, the corporation is authorized to enter into agreements as 53 may be necessary for the administration and reporting of funds repaid, 54 received, expended or collected in a manner consistent with the 55 provisions in section sixteen-t of this act. The use of such funds by 56 the corporation shall be consistent with the terms, conditions andS. 4046 3 A. 4253 1 restrictions set forth under this subdivision, to provide financial 2 assistance to eligible businesses as defined in subdivisions three and 3 five of section two hundred ten of the economic development law. 4 Outstanding expenses, loans and other obligations executed prior to the 5 effective date of this paragraph shall be subject to the terms and 6 conditions of the original contract or contracts. 7 (e)(i) The lending organization shall submit to the corporation annual 8 reports stating: the number of program loans made; the amount of program 9 funding used for loans; the use of loan proceeds by the borrower; the 10 number of jobs created or retained; a description of the economic devel- 11 opment generated; the status of each outstanding program loan, including 12 fund balance; and such other information as the corporation may require. 13 (ii) Beginning January 1, 2018, notwithstanding any law to the contra- 14 ry, the corporation shall publish on its website annual reports required 15 under subparagraph (i) of this paragraph. 16 § 5. Subdivision 8 of section 16-d of section 1 of chapter 174 of the 17 laws of 1968, constituting the New York state urban development corpo- 18 ration act, is amended by adding two new paragraphs (g-1) and (k-1) to 19 read as follows: 20 (g-1) Notwithstanding any other provision in this subdivision, where 21 applicable, the corporation is authorized to enter into agreements as 22 may be necessary for the administration and reporting of funds repaid, 23 received, expended or collected in a manner consistent with the 24 provisions in section sixteen-t of this act. The use of such funds by 25 the corporation shall be consistent with the terms, conditions and 26 restrictions set forth in this section, to provide financial assistance 27 to eligible entities as designated under this subdivision. Outstanding 28 expenses, loans and other obligations executed prior to the effective 29 date of this paragraph shall be subject to the terms and conditions of 30 the original contract or contracts. 31 (k-1) Notwithstanding any other provision in this subdivision, where 32 applicable, the corporation is authorized to enter into agreements as 33 may be necessary for the administration and reporting of funds repaid, 34 received, expended or collected in a manner consistent with the 35 provisions in section sixteen-t of this act. The use of such funds by 36 the corporation shall be consistent with the terms, conditions and 37 restrictions set forth in this section, to provide financial assistance 38 to eligible entities as designated under this subdivision. Outstanding 39 expenses, loans and other obligations executed prior to the effective 40 date of this paragraph shall be subject to the terms and conditions of 41 the original contract or contracts. 42 § 6. Subdivision 14 of section 16-d of section 1 of chapter 174 of the 43 laws of 1968, constituting the New York state urban development corpo- 44 ration act, is amended by adding a new paragraph (c) to read as follows: 45 (c) (i) The lending organization shall submit to the corporation annu- 46 al reports stating: the number of program loans made; the amount of 47 program funding used for loans; the use of loan proceeds by the borrow- 48 er; the number of jobs created or retained; a description of the econom- 49 ic development generated; the status of each outstanding program loan, 50 including fund balance; and such other information as the corporation 51 may require. 52 (ii) Beginning January 1, 2018, notwithstanding any law to the contra- 53 ry, the corporation shall publish on its website annual reports required 54 under this paragraph and paragraphs (a) and (b) of this subdivision. 55 § 7. Subdivision 14 of section 16-t of section 1 of chapter 174 of the 56 laws of 1968, constituting the New York state urban development corpo-S. 4046 4 A. 4253 1 ration act, as amended by section 1 of part II of chapter 59 of the laws 2 of 2013, is amended and a new subdivision 14-a is added to read as 3 follows: 4 14. The lending organization shall submit to the corporation annual 5 reports stating: the number of program loans made; the amount of program 6 funding used for loans; the use of loan proceeds by the borrower; the 7 number of jobs created or retained; a description of the economic devel- 8 opment generated; the status of each outstanding program loan, including 9 fund balance; and such other information as the corporation may require. 10 14-a. Beginning January 1, 2018, notwithstanding any law to the 11 contrary, the corporation shall publish on its website annual reports 12 required under subdivision fourteen of this section. 13 § 8. This act shall take effect immediately.