Authorizes the development and implementation of an online tracking system for loans and grants by the department of economic development, in conjunction with the empire state development corporation and the urban development corporation; further provides for an email notification system for individuals and companies for electronic notification of grants, loans, policy changes and other general information.
STATE OF NEW YORK
________________________________________________________________________
4375
2019-2020 Regular Sessions
IN ASSEMBLY
February 4, 2019
___________
Introduced by M. of A. MONTESANO, LALOR -- read once and referred to the
Committee on Economic Development
AN ACT to amend the economic development law, in relation to developing
an online tracking system for loans and grants
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 47 of section 100 of the economic development
2 law, as renumbered by chapter 427 of the laws of 2008, is renumbered
3 subdivision 48 and a new subdivision 47 is added to read as follows:
4 47. to develop and implement, in conjunction with the empire state
5 development corporation and the urban development corporation, an online
6 tracking system for loans and grants administered through each respec-
7 tive entity. An email notification system through which individuals and
8 companies can sign up for electronic notification of grants, loans,
9 policy changes and other general information shall also be made readily
10 available to the public.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08272-01-9
