New York A 4101: Requires institutions of higher education to provide notice to students with education loans that refunds of overpayments of tuition or fees are loan moneys that must be repaid to the lender

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 Speaker Carl E. Heastie

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A04101 Summary:

BILL NOA04101 

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SAME ASSAME AS S06589

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SPONSORCunningham

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COSPNSR

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MLTSPNSR

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Add §139-a, Ec Dev L

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Establishes the "save our small-business grant program" to aid certain small businesses impacted by the COVID-19 pandemic.

Go to top A04101 Actions:

BILL NOA04101 

&nbsp

01/31/2025referred to small business

01/07/2026referred to small business

Go to topA04101 Committee&nbspVotes:

Go to topA04101 Floor&nbspVotes:

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

Go to topA04101 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4101

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 31, 2025
 ___________

 Introduced by M. of A. CUNNINGHAM -- read once and referred to the
 Committee on Small Business

 AN ACT to amend the economic development law, in relation to establish-
 ing the "save our small-business grant program" to aid certain small
 businesses impacted by the COVID-19 pandemic; 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 economic development law is amended by adding a new
 2 section 139-a to read as follows:
 3 § 139-a. Save our small-business grant program. 1. For the purposes
 4 of this section, the "save our small-business grant program" shall mean
 5 the program established pursuant to subdivision two of this section.
 6 2. The division for small-business, in conjunction with the state's
 7 regional economic development councils, shall develop and implement a
 8 save our small-business grant program to aid small-businesses in this
 9 state impacted by the COVID-19 pandemic, in accordance with the
 10 provisions of this section.
 11 3. The state's regional economic development councils shall provide
 12 the funds necessary to operate the save our small-business grant program
 13 in accordance with the provisions of this section.
 14 4. The division for small-business, in conjunction with the state's
 15 regional economic development councils, shall develop an application
 16 process whereby small-businesses located in this state may submit an
 17 application for a grant to the save our small-business grant program.
 18 The save our small-business grant program shall process and approve such
 19 applications in a manner to be determined by the division for small-bu-
 20 siness in conjunction with the state's regional economic development
 21 councils. Such application process shall be published conspicuously on
 22 the regional economic development councils' website. For a small-busi-
 23 ness to be eligible for such approval, such small-business shall demon-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03379-01-5

 A. 4101 2

 1 strate on its application that it has suffered a qualifying hardship as
 2 a result of the COVID-19 pandemic.
 3 5. The division for small-businesses, in conjunction with the state's
 4 regional economic development councils, shall develop a list of qualify-
 5 ing hardships that shall satisfy the requirement under subdivision four
 6 of this section. Such list of qualifying hardships shall be published
 7 conspicuously on the regional economic development councils' website.
 8 6. The save our small-business grant program shall not award a grant
 9 of greater than fifty thousand dollars to any single small business.
 10 7. The director of the budget shall notify the division for small-bu-
 11 siness and the state's regional economic development councils upon the
 12 return of New York state's economic relief to pre-COVID-19-pandemic
 13 levels, when upon such notification the save our small-business grant
 14 program shall not accept any new applications and shall finalize the
 15 fulfilment of any pending grants.
 16 § 2. This act shall take effect on the sixtieth day after it shall
 17 have become a law, and shall expire upon the notification by the direc-
 18 tor of the budget provided for in subdivision 7 of section 139-a of the
 19 economic development law, as added by section one of this act; provided
 20 that the director of the budget shall notify the legislative bill draft-
 2