Loading chat...
NY S08884
Bill
Status
Introduced
8/7/2020
Primary Sponsor
Leroy Comrie
Click for details
AI Summary
- Creates Article 23 of the Economic Development Law establishing the Federal Contract Workers Assistance Program
- Eligible businesses must be small businesses with current federal government contracts that have been negatively affected financially by a federal government shutdown
- Requires applicants to submit documentation, allow tax and employer information sharing with state agencies, provide department access to books and records, and certify compliance with environmental, worker protection, and tax laws
- Authorizes the state to provide loans administered by the department for payroll purposes only, with full repayment required within twelve calendar months
- Loan amounts determined by the commissioner but limited to funds made available by appropriation; commissioner authorized to promulgate implementing rules and regulations
Legislative Description
Creates the federal contract workers assistance program to permit the state to provide loans to certain small businesses affected by the federal government shutdown.
Last Action
REFERRED TO RULES
8/7/2020
Committee Referrals
Rules8/7/2020
Full Bill Text
No bill text available