Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
8411
2025-2026 Regular Sessions
I N A S S E M B L Y
May 14, 2025
___________
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 172 of the laws of 2024, is amended to read
as follows:
5. Reporting. The advisory panel shall issue a report no later than
June thirtieth, two thousand [twenty-five] TWENTY-SIX 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 172 of the laws of 2024, is amended to read as
follows:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13018-01-5
A. 8411 2
§ 2. This act shall take effect immediately and shall expire October
1, [2025] 2026 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.Every fact on this page links to its source, starting with the official bill record.