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NY S09588
Bill
Status
10/28/2022
Primary Sponsor
Michelle Hinchey
Click for details
AI Summary
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Amends Executive Law Section 314 to create a rebuttable presumption for MWBE recertification when a business applies for renewal after the expiration of its five-year certification period.
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Presumption applies only if there is no change in ownership and no material change in the nature or management of the enterprise since the previous certification approval.
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When conditions are met, the enterprise is presumed to satisfy the requirements for minority-owned business status under Executive Law Section 310(7) and women-owned business status under Executive Law Section 310(15).
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Takes effect July 1 following the date the bill becomes law and applies to all MWBE recertification applications submitted on or after that effective date.
Legislative Description
Provides a rebuttable presumption relating to further certification as a minority and women-owned business enterprise if there is no change in the ownership of the enterprise and no material change in the nature or management of the enterprise from the time of approval of the previous minority and women-owned business enterprise certification.
Last Action
REFERRED TO RULES
10/28/2022