S 4363: Relates to contractual relationships with minority-owned and women-owned businesses.

  
  STATE OF NEW YORK ________________________________________________________________________ 4363 2025-2026 Regular Sessions  IN SENATE February 4, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law and the general municipal law, in relation to contractual relationships with minority and women-owned businesses The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 139-f of the state finance law is amended by 2 adding a new subdivision 5 to read as follows: 3 5. Any contractor who subcontracts and/or has a joint venture with 4 minority and women-owned businesses on a public work project and prior 5 to completion of such project the contractor ceases its contractual 6 relationship with any to all minority and women-owned businesses, such 7 contractor shall report such change in relationship to the public owner 8 of such project and the division of minority and women's business devel- 9 opment. Failure to report within seven calendar days shall result in a 10 fine determined by the director of the division of minority and women's 11 business development. 12 § 2. Section 106-b of the general municipal law is amended by adding 13 a new subdivision 4 to read as follows: 14 4. Any contractor who subcontracts and/or has a joint venture with 15 minority and women-owned businesses on a public work project and prior 16 to completion of such project the contractor ceases its contractual 17 relationship with any to all minority and women-owned businesses, such 18 contractor shall report such change in relationship to the public owner 19 of such project and the division of minority and women's business devel- 20 opment. Failure to report within seven calendar days shall result in a 21 fine determined by the director of the division of minority and women's 22 business development. 23 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05643-01-5