New York S 6261: Relates to certain reporting requirements

Bill Text

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S06261 Summary:

BILL NOS06261 

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SAME ASNo Same As

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SPONSORCOMRIE

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COSPNSR

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MLTSPNSR

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Amd §58, UDC Act

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Relates to reporting requirements for full-time jobs where an individual is employed by a qualified participant for at least thirty-five hours a week and project hires; provides such report shall include the number of permanent full-time jobs, the number of permanent part-time jobs, the number of full-time equivalents, and the number of project hires.

Go to top S06261 Actions:

BILL NOS06261 

&nbsp

03/07/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS06261 Committee&nbspVotes:

Go to topS06261 Floor&nbspVotes:

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

Go to topS06261 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6261

 2025-2026 Regular Sessions

 IN SENATE

 March 7, 2025
 ___________

 Introduced by Sen. COMRIE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions

 AN ACT to amend the New York state urban development corporation act, in
 relation to certain reporting measures

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

 1 Section 1. Paragraphs (d), (e), and (f) of subdivision 1 and subpara-
 2 graphs (iv) and (v) of paragraph (c) of subdivision 3 of section 58 of
 3 section 1 of chapter 174 of the laws of 1968, constituting the New York
 4 state urban development corporation act, as added by section 1 of part
 5 NNN of chapter 58 of the laws of 2022, are amended to read as follows:
 6 (d) "Full-time job" shall mean a job in which an individual is
 7 employed by a qualified participant for at least thirty-five hours a
 8 week.
 9 (e) "Full-time equivalent" shall mean a unit of measure which is equal
 10 to one filled, full-time, annual-salaried position.
 11 [(e)] (f) "Project hires" shall mean a job in which an individual is
 12 hired for a season or for a limited period of time.
 13 [(f)] (g) "Part-time job" shall mean a job in which an individual is
 14 employed by a qualified participant for less than thirty-five hours a
 15 week.
 16 (iv) the total number of employees at all sites utilizing such aggre-
 17 gate economic development benefits at the time of the agreement, includ-
 18 ing the number of [full-time equivalents, provided that any project
 19 hires or part-time jobs converted to full-time equivalents shall be
 20 displayed in separate fields and denoted as such, to the extent practi-
 21 cable, and such requirements shall be applied to contracts initiated six
 22 months after the effective date of this section] permanent full-time
 23 jobs, the number of permanent part-time jobs, the number of full-time
 24 equivalents, and the number of project hires;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10466-02-5

 S. 6261 2

 1 (v) for any aggregate economic development benefit that provides for
 2 job retention or job creation that a qualified participant is receiving,
 3 the total job creation commitments, job retention commitments, job
 4 creation actual number, and the job retention actual number, displayed
 5 in terms of full-time jobs, full-time equivalents [and], part-time jobs,
 6 and project hires, shall each be displayed as separate and searchable
 7 fields;
 8 § 2. This act shall take effect immediately.

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