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S3834Senate2011-2012 SessionSame asA7156

Relates to the economic development fund

Sponsor Kenneth P. LaValleSD-1Affects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Kenneth P. LaValle

Senator · Senate District 1

Chair, Higher Education

No co-sponsors yet.

History

  1. Signed chap.467
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading rules cal.248
  6. Substituted for A7156A
  7. Referred to ways and means
  8. Delivered to assembly
  9. Passed senateVote 62–0
  10. Amended on third reading 3834a
  11. Advanced to third reading
  12. 2nd report cal.
Show 3 earlier actions
  1. 1st report cal.855
  2. Reported and committed to finance
  3. Referred to corporations, authorities and commissions

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.

A7156Assembly

Relates to the economic development fund

Assembly Floor Calendar · Sponsor William Magnarelli

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S3834A

Title of bill

An act to amend the New York state urban development corporation act, in relation to the economic development fund

Purpose

This bill would create new purposes for the economic development fund to help fund Biosciences curriculum development and workforce training, as well as facility improvement in accordance with federal regulations.

Summary of provisions

This bill would amend Subdivision 1 of section 16-m of chapter 174 of the laws of 1968, constituting the New York state urban development corporation act, by adding new paragraphs to provide funds to biosciences research institutions and organizations on a competitive basis to develop curriculum and administer bioscience specific training programs for current and prospective industry employees. The bill would also provide assistance to businesses that conduct basic, applied or translational research that leads to the development of products that improve food and drug administration based on compliance with federal Good Manufacturing Practice Regulations.

Justification

Bioscience-based, such as those manufacturing medical devices, hold an important place in clusters of the knowledge-based economy in New York State. In roundtable discussions, hosted by the Task Force on University-Industry Cooperation and the Commission on Science and Technology, participants called for new legislative initiatives that benefit the biosciences industry. It was noted that the biosciences are and are likely to continue to be very important in New York State, and that New York continues to be a leader in attracting research for biosciences research.

Legislative history

2009-10 S.1147; 2007-08 S.7840.

Fiscal implications

None

Effective date

This act shall take effect immediately; provided, however, that the amendments to section 16-m of the urban development corporation act made by section one of this act shall not affect the repeal of such section and shall be deemed repealed therewith

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.