New York State Assembly

Bill No.:  

 
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S03588 Summary:

BILL NO	S03588
SAME AS	No Same As
SPONSOR	HELMING
COSPNSR	MATTERA
MLTSPNSR
Amd §162, St Fin L
Grants a preference to New York state businesses in the state contract award process where the New York state business' bid is within five percent of the winning bid.

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S03588 Actions:

BILL NO	S03588
02/01/2023	REFERRED TO PROCUREMENT AND CONTRACTS
01/03/2024	REFERRED TO PROCUREMENT AND CONTRACTS

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S03588 Committee Votes:

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S03588 Floor Votes:

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S03588 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3588
 
                               2023-2024 Regular Sessions
 
                    IN SENATE
 
                                    February 1, 2023
                                       ___________
 
        Introduced  by  Sen. HELMING -- read twice and ordered printed, and when
          printed to be committed to the Committee on Procurement and Contracts
 
        AN ACT to amend the state finance law, in relation to granting a prefer-
          ence to New York State businesses in the state contract award process

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 162 of the state finance law is amended by adding a
     2  new subdivision 2-a to read as follows:
     3    2-a.  Preferred status for bids. a. Preferred status, as prescribed in
     4  this section, shall be accorded to bids where such bid's commodities  or
     5  services  are produced by a company whose headquarters and primary busi-
     6  ness presence are located in New York state and such bid was within five
     7  percent of the winning bid. A company's  primary  business  presence  is
     8  located  in  New  York state when it realizes more than fifty percent of
     9  its combined gross revenues from business activity generated in New York
    10  state and has more  than  fifty  percent  of  its  full-time  equivalent
    11  employees employed in New York state.
    12    b. When preferred status is given to multiple bids, the best preferred
    13  status bid shall be considered the winning bid.
    14    §  2. This act shall take effect one year after it shall have become a
    15  law.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05608-01-3

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