Extends the reporting deadline of the advisory panel on employee-owned enterprises to 2027, the official text

S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10851
 
                           I N  A S S E M B L Y
 
                               April 7, 2026
                                ___________
 
 Introduced by M. of A. STIRPE -- read once and referred to the Committee
   on Economic Development
 
 AN  ACT  to amend the economic development law, in relation to extending
   the reporting deadline of the advisory panel on employee-owned  enter-
   prises;  and  to  amend  chapter  435 of the laws of 2017 amending the
   economic development law relating to establishing an advisory panel on
   employee-owned enterprises  within  the  division  of  small  business
   services, in relation to the effectiveness thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 5 of section 139 of  the  economic  development
 law,  as  amended by chapter 145 of the laws of 2025, is amended to read
 as follows:
   5. Reporting. The advisory panel shall issue a report  no  later  than
 June  thirtieth,  two  thousand  [twenty-six] TWENTY-SEVEN outlining the
 findings and recommendations of the panel. The report shall be delivered
 to the governor, the speaker of the assembly, the temporary president of
 the senate, the minority leader of the assembly, the minority leader  of
 the  senate,  the chair of the assembly committee on ways and means, the
 chair of the senate committee on finance,  the  chair  of  the  assembly
 committee  on  economic development, the chair of the assembly committee
 on small business, the  chair  of  the  senate  committee  on  commerce,
 economic  development,  and  small  business,  the chair of the assembly
 committee on labor, and the chair of the senate committee on labor.
   § 2. Section 2 of chapter 435 of the laws of 2017 amending the econom-
 ic development law relating to establishing an advisory panel on employ-
 ee-owned enterprises within the division of small business services,  as
 amended  by  chapter  145  of  the  laws  of 2025, is amended to read as
 follows:
   § 2. This act shall take effect immediately and shall  expire  October
 1,  [2026]  2027 when upon such date the provisions of this act shall be
 deemed repealed.
   § 3. This act shall take effect immediately; provided that the  amend-
 ments  to  subdivision  5 of section 139 of the economic development law
 made by section one of this act shall not  affect  the  repeal  of  such
 section and shall be deemed repealed therewith.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15059-01-6