Loading chat...

NY S07596

Bill

Official Source

Status

Engrossed

6/19/2018

Primary Sponsor

Joseph Robach

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends state finance law to grant preferred status to bids from companies with headquarters and primary business presence in New York State
  • Qualifies for preference if the New York-based bid is within five percent of the lowest/winning bid
  • Defines primary business presence as more than fifty percent of combined gross revenues from New York State business activity and more than fifty percent of full-time equivalent employees in New York State
  • When multiple bids receive preferred status, the best preferred bid is considered the winning bid
  • Takes effect one year after enactment

Legislative Description

Grants a preference to New York state businesses in the state contract award process where the New York state business' bid is within five percent of the winning bid.

Last Action

referred to governmental operations

6/19/2018

Committee Referrals

Governmental Operations6/19/2018
Rules6/18/2018
Finance1/29/2018

Full Bill Text

No bill text available