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History
- Referred to education
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.
Establishes the New York entrepreneur program act
In Assembly Committee · Higher Education · Sponsor Joseph Lentol
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7346
Title of bill
An act to amend the education law and the tax law, in relation to establishing the New York entrepreneur program act
Purpose or general idea of bill
This bill creates a statewide business development program administered by SUNY.
Summary of specific provisions
Section 1. Short title. This act shall be known and may be cited as the "New York entrepreneur program act".
Section 2. Article 5 of the education law is amended by adding a new part 2-A.
Justification
The linkages between academic institutions and entrepreneurship have grown in the recent past. However, obstacles to a seamless transfer of ideas still exist. This bill seeks to foster this transfer by helping to reduce or eliminate common obstacles such as student loan debt, expensive housing, high cost of equipment and lack of supporting intellectual capital. Entrepreneurs taking advantage of this opportunity are responsible for securing. the necessary outside funding and will undergo a rigorous selection process overseen by the State University of New York and City University of New York systems that will administer this program.
Prior legislative history
None.
Fiscal implications
To be determined.
Effective date
Effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.