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History
- Reported and committed to finance
- Referred to commerce, economic development and small business
- Referred to commerce, economic development and small business
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5433
Title of bill
An act to amend the economic development law, in relation to a New York state community solutions matching grant program
Purpose or general idea of bill
To create a community solutions matching grant program for SUNY, CUNY and private, nonprofit colleges in New York state for new and innovative programs to address problems within a college or university's community.
Summary of specific provisions
Section one sets forth the legislative intent. New York state has a diverse array of colleges and universities that enhance community life, promote economic opportunity, improve health and safety and ensure quality education. Our institutions already work to address challenges faced within each of their communities, but having a matching grant program will allow for more partnerships, research and provide critical services and programs for New York state communities.
Section two amends the economic development law to add Article 23 creating the New York state Community Solutions Matching Grant Program.
Section three sets forth the effective date
Justification
Institutions of higher education have long been good citizens for the communities they are in Through this program New York state can continue to leverage its colleges and universities to better the lives of all New Yorkers through job training programs, assist new businesses, legal clinics, mentorship programs, community downtown revitalization efforts, elementary and secondary educational initiatives, lead community development projects, improve community health and improve nutrition and new and innovative ideas created and fostered through this giant program
Prior legislative history
New Bill
Fiscal implications
To be determined
Effective date
This act shall take effect on the first of April next succeeding the date on which it shall have become a law; provided, however, that effective immediately, the addition, amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date is authorized to be made and completed on or before such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.