Bill Sponsor
New York Senate Bill 4240
Session 2025-2026
Provides for recovery of economic development awards in cases where the recipient relocates outside the state
Introduced
Introduced
Introduced in Senate on Feb 3, 2025
First Action
Feb 3, 2025
Latest Action
May 26, 2026
Origin Chamber
Senate
Type
Bill
Bill Number
4240
State
New York
Session
2025-2026
Sponsorship by Party
Democrat
Primary
Senate Votes (1)
checkPassed on May 20, 2026
Motion Text
Commerce, Economic Development And Small Business Vote
Summary
Provides for the recovery of an economic development award in any case where a recipient relocates outside the state within five years of receiving such award; requires repayment of any such award shall be made pursuant to the timeframe specified in the award agreement.
Actions (5)
05/26/2026
Senate
ADVANCED TO THIRD READING
05/21/2026
Senate
2ND REPORT CAL.
05/20/2026
Senate
1ST REPORT CAL.1285
01/07/2026
Senate
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
02/03/2025
Senate
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS