Loading chat...
NY A08230
Bill
Status
11/6/2013
Primary Sponsor
John McDonald
Click for details
AI Summary
-
Creates veteran-owned business enterprise (VBE) certification program with same requirements as minority and women-owned businesses (51% ownership, real/substantial/continuing interest, independent control, personal net worth limit of $3.5 million)
-
Expands state contracting goals to include VBEs across construction, professional services, and commodities procurement, with specific participation percentages to be determined by disparity study due February 15, 2015
-
Renames Division of Minority and Women's Business Development to Division of Minority, Women's and Veterans' Business Development and extends all related programs, services, and assistance to veteran-owned enterprises
-
Updates City of New York procurement rules to include VBEs in citywide participation goals for construction, professional services, standard services, and goods contracts by 2015
-
Amends Urban Development Corporation Act, Facilities Development Corporation Act, Medical Care Facilities Finance Agency Act, and various economic development programs to provide financing, technical assistance, bonding guarantees, and business development support to veteran entrepreneurs
Legislative Description
Provides veterans with access to certain economic programs and incentives; expands the population served by the division of minority and women's business development to include veterans; makes conforming changes to various provisions of law to reflect the inclusion of veterans.
Last Action
referred to veterans' affairs
1/8/2014