New York A 4722: Authorizes the power authority to create the New York State small business development program

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A04722 Summary:

BILL NOA04722 

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SAME ASSAME AS S06239

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SPONSORPretlow

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COSPNSR

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MLTSPNSR

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Add §1009-b, Pub Auth L

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Authorizes the power authority to create the New York State small business development program.

Go to top A04722 Actions:

BILL NOA04722 

&nbsp

02/05/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA04722 Committee&nbspVotes:

Go to topA04722 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA04722 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4722

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 5, 2025
 ___________

 Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
 tee on Corporations, Authorities and Commissions

 AN ACT to amend the public authorities law, in relation to allowing the
 power authority to create the New York State small business develop-
 ment program; and providing for the repeal of such provisions upon
 expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The public authorities law is amended by adding a new
 2 section 1009-b to read as follows:
 3 § 1009-b. Power authority of the state of New York small business
 4 development program. 1. For the purposes of this section, the following
 5 terms shall have the following meanings:
 6 (a) "Authority" means the power authority of the state of New York and
 7 the canal corporation.
 8 (b) "Chairperson" means the chairperson of the authority.
 9 (c) "Small business" means a business in the construction trades
 10 which:
 11 (i) is independently owned and operated;
 12 (ii) has annual revenues not exceeding a fiscal limitation of ten
 13 million dollars or such lesser amount as established by the authority
 14 pursuant to this section; and
 15 (iii) meets additional criteria as otherwise established by the chair-
 16 person and the head of supplier diversity. The authority shall establish
 17 both general and specific definitions for different industries to the
 18 extent necessary to reflect differing characteristics of such segments
 19 based on the criteria used by the United States small business adminis-
 20 tration for loans to small businesses as set forth in sections 121.301
 21 through 121.305, or for awarding government procurements as set forth in
 22 sections 121.401 through 121.413, of subpart A of part 121 of chapter I

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08391-01-5

 A. 4722 2

 1 of title 13 of the Code of Federal Regulations, as amended, and such
 2 other criteria as determined by the authority.
 3 (d) "Small business development program" is the program established by
 4 the authority pursuant to this section to provide small businesses
 5 accepted into the program with the opportunity:
 6 (i) for up to five years, to compete for and, where awarded, to
 7 perform certain authority contracts to be designated by the authority
 8 for inclusion in the program under this subparagraph; and
 9 (ii) to be a participant in a small business development program and
 10 if such participant successfully completed contracts under subparagraph
 11 (i) of this paragraph, for up to five additional years, such small busi-
 12 ness shall have access to the following:
 13 (1) additional opportunities to compete with other designated small
 14 businesses in the program for certain contracts to be designated for
 15 inclusion under this subparagraph and, where awarded, to perform such
 16 authority contracts, and
 17 (2) authority-provided assistance, as determined by the authority, for
 18 a small business to obtain bonding for contracts that are competitively
 19 awarded pursuant to any other provision of law.
 20 (e) "Small business development program contract" means a non-federal-
 21 ly funded, unless authorized by the applicable federal funding agency,
 22 contract designated by the authority, in an estimated amount of not more
 23 than one million five hundred thousand dollars for contracts under
 24 subparagraph (i) of paragraph (d) of this subdivision and five million
 25 d