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NY A07517
Bill
Status
6/1/2016
Primary Sponsor
Fred Thiele
Click for details
AI Summary
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Amends the New York State Urban Development Corporation Act to authorize the corporation to enter into agreements for administration and reporting of repaid, received, expended, or collected funds consistent with section sixteen-t of the act
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Allows the corporation to use such funds to provide financial assistance to eligible regional corporations as defined in the act
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Requires use of funds to comply with terms, conditions, and restrictions set forth in subdivision four of section 16-a
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Preserves existing terms and conditions of contracts and obligations executed prior to this subdivision's effective date
Legislative Description
Authorizes the empire state development corporation to administer several revolving loan fund (RLF) programs in a manner consistent with how the small business revolving loan fund is administered.
Last Action
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
6/1/2016