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Who cares
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Sponsors
1 Co-sponsor
History
- Substituted by A9668
- Ordered to third reading cal.1646
- Committee discharged and committed to rules
- Referred to finance
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 provisional certification for certain minority and women-owned business enterprises
Signed by Governor · Sponsor Robert J. Rodriguez
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7314
Title of bill
An act to amend the executive law, in relation to minority and women-owned business enterprise certification
Purpose
To authorize the director to
Summary of provisions
Section 1: The first section amends Section 310 of the executive law by adding the definition of "Provisional MWBE Certification." Under this section, it defines that provisional MWBE certification may be granted for a period not to exceed one year, but is able to be renewed by the director.
Section 2: The second section amends Section 314 of the executive law by amending Subdivision 4 to grant the director the authority to make industry-specific determinations on personal net worth or small business eligibility requirements. Additionally, subdivision 5 is added to Section 314 of the executive law to exclude provisional MWBE certifications from the three year certification period under section 310.
Section 3: This act shall take effect immediately.
Justification
Over the past few years several businesses were unfortunately prohibited from being considered under the MWBE program as a result of personal net worth. Based upon recommendations and analysis by the Director, it was determined that certain industries would need higher personal net-worth thresholds to ensure the MWBE program is able to provide access to small businesses who faced difficulties being certified as a result of assets.
Legislative history
New bill.
Fiscal implications
None to the state.
Effective date
This act shall take effect immediately, provided, however that the amendments to sections 310 and 314 of the executive law made by sections one and two of this act shall not affect the expiration of such sections and shall be deemed to expire therewith.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.