STATE OF NEW YORK
________________________________________________________________________
579
2023-2024 Regular Sessions
IN SENATE
January 5, 2023
___________
Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend chapter 174 of the laws of 1968, constituting the New
York state urban development corporation act, in relation to provid-
ing an exception to qualification for the small business seed funding
grant program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (ii) of subdivision 4 of section 16-gg of section
2 1 of chapter 174 of the laws of 1968, constituting the New York state
3 urban development corporation act, as added by section 1 of part CC of
4 chapter 58 of the laws of 2022, is amended to read as follows:
5 (ii) be a currently viable micro-business, small business, for-profit
6 arts and cultural organization including independent arts contractors
7 that (A) except for independent arts contractors, started business on
8 September 1, 2018 or later and (B) has been operational for at least six
9 months before an application is submitted;
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02651-01-3
