S06663 Summary:

BILL NOS06663
 
SAME ASSAME AS A09605
 
SPONSORLITTLE
 
COSPNSRKENNEDY, O'MARA, SERRANO
 
MLTSPNSR
 
Amd S152, Ec Dev L; add S99-u, St Fin L
 
Establishes the "tourism economic development fund" to be funded with revenue from the licensing of the "I Love NY" brand; moneys from such fund shall be appropriated for the promotion, attraction, stimulation, development and expansion of tourist travel, resort, vacation, culture and convention activities in this state.
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S06663 Actions:

BILL NOS06663
 
03/08/2012REFERRED TO CULTURAL AFFAIRS, TOURISM, PARKS AND RECREATION
03/20/20121ST REPORT CAL.379
03/21/20122ND REPORT CAL.
03/22/2012ADVANCED TO THIRD READING
04/18/2012PASSED SENATE
04/18/2012DELIVERED TO ASSEMBLY
04/18/2012referred to tourism, parks, arts and sports development
06/04/2012substituted for a9605
06/04/2012ordered to third reading cal.707
06/04/2012passed assembly
06/04/2012returned to senate
09/21/2012DELIVERED TO GOVERNOR
10/03/2012VETOED MEMO.169
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S06663 Floor Votes:

DATE:06/04/2012Assembly Vote  YEA/NAY: 142/0
Yes
Abbate
Yes
Ceretto
Yes
Glick
Yes
Lentol
Yes
Murray
Yes
Ryan
Yes
Abinanti
Yes
Clark
Yes
Goldfeder
Yes
Lifton
Yes
Nolan
Yes
Saladino
Yes
Amedore
Yes
Colton
Yes
Goodell
Yes
Linares
Yes
Oaks
Yes
Sayward
Yes
Arroyo
ER
Conte
Yes
Gottfried
Yes
Lopez PD
Yes
O'Donnell
Yes
Scarborough
Yes
Aubry
Yes
Cook
Yes
Graf
Yes
Lopez VJ
Yes
Ortiz
Yes
Schimel
Yes
Barclay
Yes
Corwin
Yes
Gunther
Yes
Losquadro
Yes
Palmesano
Yes
Schimminger
Yes
Barrett
Yes
Crespo
Yes
Hanna
Yes
Lupardo
Yes
Paulin
Yes
Simanowitz
ER
Barron
Yes
Crouch
Yes
Hawley
Yes
Magee
Yes
Peoples Stokes
Yes
Simotas
Yes
Benedetto
Yes
Curran
Yes
Heastie
Yes
Magnarelli
Yes
Perry
Yes
Skartados
Yes
Blankenbush
Yes
Cusick
Yes
Hevesi
Yes
Maisel
Yes
Pretlow
Yes
Smardz
ER
Boyland
Yes
Cymbrowitz
Yes
Hikind
Yes
Malliotakis
Yes
Quart
Yes
Stevenson
Yes
Boyle
Yes
DenDekker
Yes
Hooper
Yes
Markey
Yes
Ra
Yes
Sweeney
Yes
Braunstein
Yes
Dinowitz
Yes
Jacobs
Yes
Mayer
Yes
Rabbitt
Yes
Tedisco
Yes
Brennan
Yes
Duprey
Yes
Jaffee
Yes
McDonough
Yes
Raia
Yes
Tenney
Yes
Brindisi
Yes
Englebright
ER
Jeffries
Yes
McEneny
Yes
Ramos
Yes
Thiele
Yes
Bronson
Yes
Espinal
Yes
Johns
Yes
McKevitt
Yes
Reilich
Yes
Titone
Yes
Brook Krasny
Yes
Farrell
Yes
Jordan
Yes
McLaughlin
Yes
Reilly
Yes
Titus
Yes
Burling
Yes
Finch
Yes
Katz
ER
Meng
Yes
Rivera J
Yes
Tobacco
Yes
Butler
Yes
Fitzpatrick
Yes
Kavanagh
Yes
Miller D
Yes
Rivera N
Yes
Walter
Yes
Cahill
Yes
Friend
Yes
Kearns
Yes
Miller JM
Yes
Rivera PM
Yes
Weinstein
Yes
Calhoun
Yes
Gabryszak
Yes
Kellner
Yes
Miller MG
Yes
Roberts
Yes
Weisenberg
Yes
Camara
Yes
Galef
Yes
Kolb
Yes
Millman
Yes
Robinson
Yes
Weprin
Yes
Canestrari
Yes
Gantt
ER
Lancman
Yes
Montesano
Yes
Rodriguez
Yes
Wright
Yes
Castelli
ER
Gibson
Yes
Latimer
Yes
Morelle
Yes
Rosenthal
Yes
Zebrowski
Yes
Castro
Yes
Giglio
Yes
Lavine
Yes
Moya
ER
Russell
Yes
Mr. Speaker

‡ Indicates voting via videoconference
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S06663 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6663
 
                    IN SENATE
 
                                      March 8, 2012
                                       ___________
 
        Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Cultural Affairs, Tourism,
          Parks and Recreation
 
        AN ACT to amend the economic development law and the state finance  law,
          in relation to resources of the "I Love NY" brand
 
          The  People of the State of New York, represented in Senate and Assem-

        bly, do enact as follows:
 
     1    Section 1. Subdivision 3 of section 152 of  the  economic  development
     2  law, as added by section 1 of part DD of chapter 59 of the laws of 2006,
     3  is amended to read as follows:
     4    3.  Nothing in this article shall prohibit the department from licens-
     5  ing and leasing the brand to any commercial entity,  provided  that  the
     6  appropriate  market  value  for  such  lease  is  obtained;  and further
     7  provided, that any revenue from  such  licensing  or  leasing  shall  be
     8  deposited  in  the  tourism  economic  development  fund  established in
     9  section ninety-nine-u of the state finance law, and  be  made  available
    10  for  appropriation  to  the  department  for  the purpose of funding the
    11  promotion, attraction, stimulation, development and expansion of tourist

    12  travel, resort, vacation, cultural and convention activities  authorized
    13  pursuant to this chapter.
    14    §  2. The state finance law is amended by adding a new section 99-u to
    15  read as follows:
    16    § 99-u. Tourism economic development fund. 1. There is  hereby  estab-
    17  lished in the joint custody of the state comptroller and the commission-
    18  er  of  taxation  and finance a special fund to be known as the "tourism
    19  economic development fund".
    20    2. Such fund shall consist of: (a) all moneys derived  from  licensing
    21  and  leasing  of  the "I Love NY" brand; (b) all moneys appropriated for
    22  the purpose of such fund and all moneys transferred to such fund  pursu-
    23  ant  to  law; and (c) any interest earned by the investment of moneys in

    24  such fund, which shall be added to such fund.
    25    3. Moneys in the tourism economic development fund shall be kept sepa-
    26  rate and shall not be commingled with any other moneys in the custody of
    27  the comptroller. All deposits of such moneys shall, if required  by  the
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14956-01-2

        S. 6663                             2
 
     1  comptroller, be secured by obligations of the United States or the state
     2  having  a  market value equal  at all times to the amount of such depos-
     3  its. All banks and trust companies are authorized to give  security  for

     4  such  deposits.  Any  such moneys in such fund may, in the discretion of
     5  the comptroller, be invested in obligations in which the comptroller  is
     6  authorized to invest pursuant to section ninety-eight-a of this article.
     7    4.  Moneys of such fund shall be available for appropriation and allo-
     8  cation to the department of economic  development  for  the  purpose  of
     9  funding  the  promotion, attraction, stimulation, development and expan-
    10  sion of tourist travel, resort, vacation, culture and convention  activ-
    11  ities  within  the state and its regions pursuant to programs and activ-
    12  ities authorized pursuant to the economic development law.
    13    § 3. This act shall take effect immediately.
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