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N.Y. COM Law § 104-A

This is the official text of N.Y. COM Law § 104-A, part of New York’s COM Law — part of the compiled statutory law of New York, published by the state as "COM Law." Browse the sections below, each linked to its official government source.

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Special powers and duties of the department with respect to employee ownership assistance

Official statutory text

§ 104-a. Special powers and duties of the department with respect to\nemployee ownership assistance. With respect to employee ownership\nassistance loans provided for in subtitle six of title eight of article\neight of the public authorities law and paragraph (o) of subdivision one\nof section sixteen-m of section one of chapter one hundred seventy-four\nof the laws of nineteen hundred sixty-eight, constituting the New York\nstate urban development corporation act, the department shall have the\npower and duty and in cooperation with the job development authority,\nthe empire state development corporation and any other applicable state\nagency or office to:\n 1. Assist and counsel new employee-owned enterprises in their dealings\nwith federal, state and local governments, including but not limited to\nproviding ready access to information regarding government requirements\nwhich affect employee-owned enterprises;\n 2. Receive complaints and suggestions concerning policies and\nactivities of federal, state and local governmental agencies which\naffect employee-owned enterprises, and develop, in cooperation with the\nagency involved, proposals for changes in policies or activities to\nalleviate any unnecessary adverse effects on employee-owned enterprises;\n 3. Conduct investigations, research, studies and analyses of matters\naffecting the interests of employee-owned enterprises;\n 4. Assist employee-owned enterprises in obtaining available\nmanagerial, technical, and financial assistance;\n 5. Initiate and encourage educational programs relating to\nemployee-owned enterprises, including programs in cooperation with\nvarious public and private educational institutions;\n 6. Help new employee-owned enterprises in this state by simplifying\nand streamlining license and application procedures wherever possible;\n 7. Identify industrial and manufacturing businesses that are in danger\nof being permanently closed or relocated out of state, which results in\nthe loss of jobs and increasing unemployment, and assist the businesses\nand employees of such businesses by distributing information about the\nprovisions of this section.\n The department may impose fees, pursuant to rules and regulations, to\ndefray departmental expenses incurred in providing the services set\nforth in this section.\n

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