New York A 2055: Relates to financial assistance to small businesses for the purpose of pollution prevention, control and compliance

Bill Text

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A02055 Summary:

BILL NOA02055A

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SAME ASNo Same As

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SPONSORStirpe

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COSPNSR

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MLTSPNSR

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Amd §137, Ec Dev L; add §1285-v, Pub Auth L; amd §16-m, UDC Act

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Relates to financial assistance to small businesses for the purpose of pollution prevention, control and compliance.

Go to top A02055 Actions:

BILL NOA02055A

&nbsp

01/14/2025referred to small business

01/07/2026referred to small business

05/01/2026amend and recommit to small business

05/01/2026print number 2055a

05/13/2026reported referred to ways and means

Go to topA02055 Committee&nbspVotes:

Committee:SMALL BUSINESS Chair:Buttenschon 
DATE:05/13/2026AYE/NAY:14/2 Action: Favorable refer to committee Ways and Means ButtenschonAyeNorberAye

JacksonAyeBrownNay

ClarkAyeBendettAye

RajkumarAyeNovakhovAye

De Los SantosAyeTagueNay

ZaccaroAye

DaisAye

KassayAye

YegerAye

GibbsExcused

CashmanAye

MorenoAye

Go to topA02055 Floor&nbspVotes:

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

Go to topA02055 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2055--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 14, 2025
 ___________

 Introduced by M. of A. STIRPE -- read once and referred to the Committee
 on Small Business -- recommitted to the Committee on Small Business in
 accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill
 amended, ordered reprinted as amended and recommitted to said commit-
 tee

 AN ACT to amend the economic development law, the public authorities law
 and the New York state urban development corporation act, in relation
 to financial assistance to small businesses for the purpose of
 pollution prevention, control and compliance

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

 1 Section 1. Paragraphs l and m of subdivision 2 of section 137 of the
 2 economic development law, paragraph l as amended and paragraph m as
 3 added by chapter 594 of the laws of 1994, are amended and a new para-
 4 graph n is added to read as follows:
 5 l. providing information to small business stationary sources on
 6 state-sponsored programs offering financial and technical assistance,
 7 and in locating sources of funding for compliance with the requirements
 8 of article nineteen of the environmental conservation law and the Act;
 9 [and]
 10 m. establishing procedures for assuring the confidentiality of infor-
 11 mation received from small business stationary sources[.]; and
 12 n. marketing the small business environmental fund established pursu-
 13 ant to section twelve hundred eighty-five-v of the public authorities
 14 law to small business stationary sources, assisting the New York state
 15 urban development corporation in the projection of demand for financial
 16 assistance pursuant to section sixteen-m of the New York state urban
 17 development corporation act.
 18 § 2. The public authorities law is amended by adding a new section
 19 1285-v to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03538-02-6

 A. 2055--A 2

 1 § 1285-v. Small business environmental fund. 1. The corporation shall
 2 undertake and provide assistance in support of a program to assist small
 3 businesses in leveraging capital from financial institutions to achieve
 4 pollution prevention and/or compliance with federal or state environ-
 5 mental laws.
 6 2. There is hereby established in the custody of the corporation a
 7 special fund to be known as the small business environmental fund.
 8 Moneys in such fund shall be segregated from all other funds of or in
 9 the custody of the corporation subject to any rights of holders of
 10 corporation bonds or notes issued for the purposes of this section.
 11 Moneys in such fund shall only be used in accordance with the provisions
 12 of this section. The moneys in such fund shall be applied to or paid out
 13 for authorized purposes of such fund on the direction of the chair of
 14 the corporation in accordance with subdivision four of this section, or
 15 such other person as the corporation shall authorize to make such direc-
 16 tion.
 17 3. Such fund shall consist of all of the following: (a) mo