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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A6320C
- Ordered to third reading cal.1196
- Reported and committed to rules
- Print number 5223b
- Amend and recommit to finance
- Reported and committed to finance
- Print number 5223a
- Amend (t) and recommit to corporations, authorities and commissions
- 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.
Relates to the establishment of centers of excellence program
Signed by Governor · Sponsor Donna Lupardo
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5223B
Title of bill
An act to amend the economic development law, in relation to the establishment of the centers of excellence program
Purpose or general idea of bill
To codify the centers of excellence program and its reporting require- ments.
Summary of specific provisions
The legislation codifies the Centers of Excellence program that has been operating since 2002 and requires centers to annually submit a plan for commercializing products or processes based on innovations developed at center facilities and their strategies for commercializing such products or processes within New York state. The legislation also requires the executive director of the Foundation for Science, Technology and Innovation to submit annual reports on each Center on such items as funds received from all sources; operating budgets; staffing; partnerships; governance; commercialization; jobs created; relationships established with venture groups; collaborations with secondary, postsecondary institutions and companies; intellectual property agreements; patents; anti awards. The legislation also requires the executive director to submit annual strategic plans that Include the broad mission and focus of each center as well as the metrics that will be used to measure achievement of the centers goals.
Justification
The Center of Excellence program was authorized In the State budget for FY 2002-03. This bill would codify the program to maintain its purposes, goals and enhance accountability.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.