STATE OF NEW YORK
________________________________________________________________________
6544
IN SENATE
February 4, 2014
___________
Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and
when printed to be committed to the Committee on Energy and Telecommu-
nications
AN ACT to amend the public authorities law, in relation to requiring the
payment of small business grants within one hundred twenty days of
notification of such funding
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 14 of section 1854 of the public authorities
2 law, as added by chapter 83 of the laws of 1995, is amended to read as
3 follows:
4 14. (a) To apply for and to administer federal research and develop-
5 ment grants and other monies for the benefit of consumers.
6 (b) To make payments to small businesses, as defined by subdivision
7 eight of section one hundred two of the state administrative procedure
8 act, for grants administered by the authority. Payment of such grants
9 shall be made no later than one hundred twenty days after notification
10 of such funding award.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13645-02-4
