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Who cares
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Sponsors
1 Co-sponsor
History
- Substituted by A9810
- Advanced to third reading
- 2nd report cal.
- 1st report cal.503
- Referred to commerce, economic development and small business
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to certain funds used by the center for advanced technology
Signed by Governor · Sponsor Dennis H. Gabryszak
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the public authorities law, in relation to certain funds used by the center for advanced technology
Purpose or general idea of bill
To add elements to the enabling legislation that allow the centers to operate more efficiently and effectively
Summary of specific provisions
The legislation would require the centers to accelerate technology development and commercialization, to facilitate new company formation, to conduct outreach to companies, and to provide evidence of partnerships with entities that aid in the economic development growth of the State; allow the matching requirement to be an overall match and not on a project-by-project basis, and allow matches from small businesses to count as double the actual dollar amount toward the center's overall match requirement; extend the time period for quantifiable economic development impact measures to not less than five years and require that the centers provide a full description of all non-quantifiable measures,"
Effects of present law which this bill would alter
Adds to section 3102-b of public authorities law that authorized the centers for advanced technology.
Justification
Many procedural requirements for the operation of the centers are carried on a contract-by-contract basis with the State and some of these contract elements hinder the work that the centers can do This legislation responds to the centers' unified requests for relief from these restrictions, such as the way the match is determined, while maintaining accountability and oversight
Prior legislative history
None.
Fiscal implications for state and local governments
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.