Authorizes and directs the Empire State Development Corporation to allow small businesses, nonprofits, and landlords impacted by 2020 demonstrations and related civil unrest involving property damage, vandalism, and theft or vandalism for unknown reasons to be eligible for loans under the New York Forward Loan Fund.
STATE OF NEW YORK
________________________________________________________________________
10620--A
IN ASSEMBLY
June 10, 2020
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Sayegh,
Griffin, Paulin, Bronson, Galef, Byrne, Giglio) -- read once and
referred to the Committee on Economic Development -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT directing the Empire State Development Corporation to allow small
businesses, nonprofits, and landlords impacted by 2020 civil rights
demonstrations and related civil unrest involving property damage,
vandalism, and theft or vandalism for unknown reasons to be eligible
for loans under the New York Forward Loan Fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The Empire State Development Corporation is authorized and
2 directed to allow small businesses as defined in section 131 of the
3 economic development law, organizations organized under the non-profit
4 or not-for-profit laws of this state, and possessing a federal tax
5 exemption under section 501(c) of the Internal Revenue Code of the
6 United States, and landlords impacted by: (a) the 2020 demonstrations
7 and related civil unrest which began on May 27, 2020 involving property
8 damage, vandalism, and theft; or (b) vandalism for unknown reasons to be
9 eligible for loans under the New York Forward Loan Fund.
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD16613-03-0
