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NY S07299
Bill
Status
12/7/2018
Primary Sponsor
Kenneth LaValle
Click for details
AI Summary
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Removes requirement for lending organizations to describe "economic development generated" from annual reports submitted to the corporation across multiple regional revolving loan programs.
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Delays publication of annual report information on the corporation's website from January 1, 2018 to April 1, 2019.
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Requires the corporation to publish annual reports in aggregate form while omitting borrower identifiable information when posting to its website.
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Applies these reporting and publication changes to five separate sections of the New York state urban development corporation act covering different revolving loan programs.
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Takes effect on the same date as the 2017 legislation (S. 4046/A. 4253) that originally established these regional revolving loan program requirements.
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
SIGNED CHAP.378
12/7/2018