Loading chat...
NY A09075
Bill
Status
Introduced
1/25/2016
Primary Sponsor
Michael DenDekker
Click for details
AI Summary
- Amends the New York State Urban Development Corporation Act to expand the small business revolving loan fund's target markets to include veteran-owned enterprises and service-disabled veteran-owned enterprises
- Defines veteran-owned enterprises according to 15 U.S.C. section 632(Q)(3) and service-disabled veteran-owned enterprises according to article seventeen-B of the executive law
- Maintains existing requirements that program loans be targeted to minority and women-owned enterprises and other small businesses with difficulty accessing traditional credit markets
- Preserves existing loan categories and uses, including micro loans (under $25,000) and regular loans ($25,000 or more) for working capital, real property, machinery and equipment, or debt refinancing
Legislative Description
Relates to requiring the small business revolving loan fund to target and market to veteran-owned enterprises and service disabled veteran-owned enterprises.
Last Action
referred to small business
1/25/2016
Committee Referrals
Small Business1/25/2016
Full Bill Text
No bill text available