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NY S01687
Bill
Status
6/8/2023
Primary Sponsor
Michelle Hinchey
Click for details
AI Summary
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Amends Executive Law Section 314 to establish a rebuttable presumption for MWBE recertification if no ownership changes or material changes in nature/management occurred since previous certification approval within the past 10 years.
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Applies the presumption only when the recertification application complies with 21 NYCRR 9606 regulations.
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Presumption covers minority-owned business enterprises meeting paragraphs (a), (b), and (c) of Executive Law Section 310, subdivision 7, and women-owned business enterprises meeting paragraphs (a), (b), and (c) of Section 310, subdivision 15.
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Takes effect July 1 of the year following enactment and applies to all MWBE recertification applications submitted on or after that date.
Legislative Description
Provides a rebuttable presumption relating to recertification 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 governmental operations
5/22/2024