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NY S03257
Bill
Status
3/16/2021
Primary Sponsor
Leroy Comrie
Click for details
AI Summary
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Authorizes the New York State Urban Development Corporation to provide grants and flexible financing programs (including loan loss reserves, revolving loans, working capital loans, and guarantees) to small businesses in dry cleaning and nail specialty services
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Directs financial assistance to dry cleaning businesses for purchasing and installing non-perchlorethylene machines and sprinkler systems to comply with state and local codes
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Directs financial assistance to nail specialty businesses for mechanical ventilation system upgrades necessary to comply with federal, state, and local indoor air quality codes
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Requires the Urban Development Corporation to promulgate rules and regulations in consultation with the Environmental Facilities Corporation, Department of Environmental Conservation, and Department of Health
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Takes effect 90 days after becoming law, with rule-making authorized to begin immediately
Legislative Description
Relates to assistance for certain small businesses including dry cleaners and those that practice nail specialty for necessary code related improvements.
Last Action
referred to ways and means
2/15/2022