New York A 4075: Designates the tugboat Urger as the official tugboat of the state of New York

Bill Text

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A04075 Summary:

BILL NOA04075 

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SAME ASSAME AS S06051

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Amd §§1836-a, 1836-c & 1836-d, Pub Auth L; amd §§104-a & 210, Ec Dev L

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Relates to expanding employee ownership assistance for lesbian, gay, bisexual, transgender and non-binary individuals.

Go to top A04075 Actions:

BILL NOA04075 

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01/31/2025referred to economic development

01/07/2026referred to economic development

Go to topA04075 Committee&nbspVotes:

Go to topA04075 Floor&nbspVotes:

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

Go to topA04075 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4075

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 31, 2025
 ___________

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

 AN ACT to amend the public authorities law and the economic development
 law, in relation to expanding employee ownership assistance for lesbi-
 an, gay, bisexual, transgender and non-binary individuals

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

 1 Section 1. Section 1836-a of the public authorities law, as added by
 2 chapter 788 of the laws of 1983, is amended to read as follows:
 3 § 1836-a. Legislative findings. The legislature hereby finds and
 4 declares that the health, safety and general welfare of the people of
 5 this state are directly dependent upon the state economy, and that one
 6 of the principal problems of our present economy is the permanent clos-
 7 ing of industrial and manufacturing plants, and their relocation out of
 8 state, which results in the loss of jobs and increasing unemployment.
 9 It is the purpose of this subtitle to encourage [the] employees of
 10 plants that are about to be permanently closed, or relocated, to acquire
 11 such plants and businesses and to continue to operate them as employee-
 12 owned enterprises, thereby retaining the jobs that would otherwise be
 13 lost, and strengthening the economic base of this state.
 14 § 2. Paragraph (b) of subdivision 1 of section 1836-c of the public
 15 authorities law, as added by chapter 788 of the laws of 1983, is amended
 16 to read as follows:
 17 (b) the history and circumstances of the plant or business to be
 18 acquired;
 19 § 3. Section 1836-d of the public authorities law, as added by chapter
 20 788 of the laws of 1983, is amended to read as follows:
 21 § 1836-d. Loan preferences. In approving applications for loans under
 22 this subtitle, the authority shall give preference to projects which:
 23 1. have a membership consisting of a majority of minority, lesbian,
 24 gay, bisexual, transgender, or non-binary members;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02330-01-5

 A. 4075 2

 1 2. have a higher level of funding from the funding partners;
 2 [2.] 3. have the most direct impact on local economic development and
 3 the creation or retention of employment opportunities;
 4 [3.] 4. are most likely to stimulate other private sector investments;
 5 and
 6 [4.] 5. are least speculative, and provide greatest assurance of
 7 repayment of the loan.
 8 § 4. Subdivision 7 of section 104-a of the economic development law,
 9 as added by chapter 788 of the laws of 1983, is amended to read as
 10 follows:
 11 7. Identify [industrial and manufacturing] businesses that are in
 12 danger of being permanently closed or relocated out of state, which
 13 results in the loss of jobs and increasing unemployment, and assist the
 14 businesses and employees of such businesses by distributing information
 15 about the provisions of this section.
 16 § 5. Subdivisions 3 and 4 of section 210 of the economic development
 17 law, as amended by chapter 669 of the laws of 2022, are amended to read
 18 as follows:
 19 3. "Minority business enterprise" shall mean any business enterprise
 20 which is at least fifty-one per centum owned by, or in the case of a
 21 publicly owned business at least fifty-one per centum of the stock of
 22 which is owned by, citizens or permanent resident noncitizens who are
 23 lesbian, gay, bisexual, transgender or non-binary