Assembly BillIntroduced
A 9286: Relates to the powers of the New York state industrial development agency.
What A 9286 does, verified January 8, 2026
The bill aims to amend the general municipal law to expand the powers of the New York State Industrial Development Agency. It allows the agency to provide loans, grants, and seed and early-stage equity funding to private corporations and legal entities in furtherance of the agency's corporate purposes. These funds can be used to generate economic activity in New York State, and the agency can establish a plan to return funds to the beneficiary corporation or entity if it leaves the municipality within a specified time period. The bill takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to local governments (2026-01-07)Alert me
Quick answers about A 9286
- What is the current status of A 9286?
- As of January 8, 2026, A 9286 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to local governments".
- Did A 9286 pass?
- Not yet. A 9286 has been introduced and has not passed either house.
- Who wrote A 9286, and where is it now?
- A 9286 was authored by Asm. Michaelle Solages. Its committee of record is Assembly Local Government.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to local governments |
| Dec. 10, 2025 | referred to local governments |
Latest bill textIntroduced version, December 10, 2025 · 375 words
STATE OF NEW YORK ________________________________________________________________________ 9286 2025-2026 Regular Sessions IN ASSEMBLY December 10, 2025 ___________ Introduced by M. of A. SOLAGES -- read once and referred to the Commit- tee on Local Governments AN ACT to amend the general municipal law, in relation to the powers of the New York state industrial development agency The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivisions 16 and 17 of section 858 of the general munic- 2 ipal law, as renumbered by chapter 356 of the laws of 1993, are renum- 3 bered subdivisions 19 and 20 and three new subdivisions 16, 17 and 18 4 are added to read as follows: 5 (16) To provide loans to any private or public corporation or any 6 legal entity provided said loan is memorialized in an appropriate loan 7 agreement and further provided that the loan proceeds are used in furth- 8 erance of the agency's corporate purposes; 9 (17) To provide grants to any private or public corporation or any 10 legal entity provided said grant is memorialized in an appropriate grant 11 agreement stipulating the services to be provided in furtherance of the 12 agency's corporate purposes; 13 (18) Notwithstanding any other law, to provide seed and early-stage 14 equity funding to any private corporation or any legal entity, in 15 accordance with a plan to be developed by the agency, located within, or 16 to be located within, the municipality for whose benefit the agency was 17 created and that is in the seed, early stage or venture stage of devel- 18 opment and that has the potential to generate additional economic activ- 19 ity in New York state provided, however, that funds received by the 20 beneficiary private corporation or legal entity shall be returned if the 21 beneficiary private corporation or legal entity leaves the municipality 22 for whose benefit the agency was created within a period of time to be 23 established by the agency; 24 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01162-01-5
Text of A 9286 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions