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NY A10189

Bill

Official Source

Status

Introduced

5/10/2012

Primary Sponsor

William Scarborough

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Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends the New York State Urban Development Corporation Act to expand eligible uses for program loans to small businesses
  • Adds short-term financing for performing contracts to provide construction or professional services for state procurement purposes as an approved loan use
  • Maintains existing loan purposes including acquisition of machinery, equipment, property or improvements, and refinancing of debt obligations
  • Takes effect immediately upon enactment

Legislative Description

Relates to program loans to small businesses; authorizes such loans to be used for short term financing for the purpose of performing contracts to provide for construction or professional services for state procurement purposes.

Last Action

reported referred to ways and means

5/22/2012

Committee Referrals

Ways and Means5/22/2012
Small Business5/10/2012

Full Bill Text

No bill text available