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Sponsors
Senator · Senate District 61
1 Co-sponsor
History
- Referred to corporations, authorities and commissions
- Delivered to assembly
- Passed senateVote 59–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.772
- Referred to energy and telecommunications
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 requiring the payment of small business grants within one hundred twenty days of notification of such funding
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor Robin Schimminger
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6544
Title of bill
An act to amend the public authorities law, in relation to requiring the payment of small business grants within one hundred twenty days of notification of such funding
Purpose
To ensure that the payment of grants by NYSERDA to small businesses is made no later than 180 days after the notification of such funding award.
Summary of provisions
Section 1 - amends subdivision 14 of section 1854 of the Public Authorities Law to provide that the New York State Energy and Research Development Authority (NYSERDA) must make payments of grants to small businesses as defined section 102 of the State Administrative Procedure Act within 180 days after the notification of the grant.
Section 2 - provides that this act shall take effect immediately.
Justification
There is often a lengthy delay between the time a small business is notified that it is the recipient of a grant and the time when the grant funds are actually received. This bill will ensure that small businesses, as defined in section 102 of the State Administrative Act, will receive their grants from NYSERDA on a timely basis. Currently, NYSERDA grants can be subject to lengthy delays. Once a grant is announced, small businesses should be able to rely on the timely payment of the grant funds as they proceed with their planning and budgeting process. Long delays are unacceptable and can cause severe financial disruptions as businesses wait for funds they had been promised and reasonably expected would be forthcoming.
Legislative history
New bill.
Fiscal implications
None to state.
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.