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Sponsors
Senator · Senate District 59
No co-sponsors yet.
History
- 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.
Recodifies the small business innovation research program within the New York state foundation for science, technology and innovation; repealer
In Assembly Committee · Ways And Means · Sponsor Robin Schimminger
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7257
Title of bill
An act to amend the New York state urban development corporation act, in relation to recodification of the small business innovation research program and the awards made thereunder within the urban development corporation; and to repeal section 3102-c of the public authorities law relating to the small business innovation research program
Purpose
This bill would recodify the Small Business Innovation Research Program within the New York State Urban Development Corporation. This bill would repeal § 3102-c of the Public Authorities Law.
Summary of provisions
§ 1- Amends Chapter 174 of the Laws of 1968 by adding a new section 44.
§ 2- Repeals § 3102-c of the Public Authorities Law.
§ 3- Specifies that under this provision, any and all contracts entered into between any small business and such foundation in effect upon the effective date of this act shall remain in effect pursuant to the terms of such contract and shall be binding upon such foundation.
§ 4- Effective date.
Justification
The State Small Business Innovation Research (SBIR) Program, which began in FY 1984-1985, was designed to provide assistance to New York's newer high technology companies, helping them compete for a greater share of the federal research contracts awarded under the federal SBIR program. The State program was highly successful, increasing the amount of federal SBIR dollars coming into the State from under $5 million annually to over $30 million by 1991. As importantly, State assistance under this program greatly increased the success of federal SBIR Phase I award winners to compete for much larger SBIR Phase II awards.
Although tbe State SBIR statute remains in effect, the State stopped funding the program after its initial success, in part because of disagreement over how to allocate limited funds among the federal SBIR award winners. Consequently, New York State, which had moved from 6th to 3rd place among the states in the number of Phase I winners, has seen its number of state winners decrease dramatically since funding for the State program ceased. This bill clarifies how funds will be allocated so that the program can begin anew to assist small high technology companies compete for federal SBIR funds which will help them grow and provide new jobs for New York citizens.
Legislative history
2009-2010: A.4198/S.4434 2007-2008: A.6149 2005-2006: A.3443 2003-2004: A.4766 2001-2002: A.1070 1999-2000: A.1304. 1997-1998: A.9404.
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.