LEGALcurrents®

We reported earlier in the week that it looked as though the Senate was going to return to session next week.  We have now learned that both houses will be returning to session next week.  The session will focus on passing legislation related to the COVID-19 pandemic.  Committee meetings will take place on Tuesday, with session scheduled for the following days.

Each house will be meeting through videoconferencing per their newly enacted rules.  There is no detail yet on what COVID-19 related bills will be addressed in the session next week.  It has been stated that only bills without a fiscal impact to the state will be considered.    

There is no word yet if the Senate and Assembly are going to come to an agreement on an agenda on their own or if negotiations with the Governor will lead to a three-way deal on the legislation to be considered during this session.  We will keep you posted as we learn more about the agenda and whether it has been fully negotiated.

The Governor announced that the state has partnered with lenders to develop a $100 million New York Forward Loan Fund.  This fund will focus on businesses with 20 or fewer employees with less than $3 million in gross revenues.  Details on the fund can be found at http://esd.ny.gov/nyforwardloans.

He also reported that it looks as though the Mid-Hudson and Long Island regions are on track to begin their Phase 1 re-opening next week.


Attorney Advertising. Prior results do not guarantee a similar outcome. This publication is provided as a service to clients and friends of Harter Secrest & Emery LLP. It is intended for general information purposes only and should not be considered as legal advice. The contents are neither an exhaustive discussion nor do they purport to cover all developments in the area. The reader should consult with legal counsel to determine how applicable laws relate to specific situations. ©2020 Harter Secrest & Emery LLP

Disclaimer

This website presents only general information not intended as legal advice. Although we encourage calls, letters and emails from prospective clients, please keep in mind that merely contacting Harter Secrest & Emery LLP (HSE) does not establish an attorney-client relationship between us. Confidential information should not be sent to HSE until you have been notified in writing by HSE that a formal attorney-client relationship has been established. Information sent to us before then may not be treated as confidential by HSE or the court.

I have read this and agree     Cancel

Our website uses cookies. By continuing to use our site, you agree to our use of cookies in accordance with our Privacy Policy.