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NY A03739

Bill

Official Source

Status

Introduced

1/27/2015

Primary Sponsor

William Scarborough

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends the New York State Urban Development Corporation Act to expand allowable uses for program loans to small businesses
  • Adds short-term financing for performing contracts related to construction or professional services for state procurement purposes as a new eligible loan use
  • Maintains existing loan purposes including machinery and equipment acquisition, property or improvement, and debt refinancing
  • 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

enacting clause stricken

5/7/2015

Committee Referrals

Small Business1/27/2015

Full Bill Text

No bill text available