Senate bill · S4240 (2025-26)

Provides for recovery of economic development awards in cases where the recipient relocates outside the state

New York State Senate

Latest action Jun 5, 2026

Sponsor: Kevin S. Parker (State Senator, District 21, Democratic/Working Families)

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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 18, 2026. About our data

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.

Summary from NY Open Legislation. How we handle summaries

Amends the Economic Development Law.

Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

Commerce, Economic Development And Small Business · New York State Senate

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Recorded votes

Vote: Committee vote · Commerce, Economic Development And Small Business
Senate Commerce, Economic Development And Small BusinessMay 20, 2026Result: passed
(9) (0) (0) (0)

Full history

Jun 5, 2026
In committee
COMMITTED TO RULES
NY Senate
May 26, 2026
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
May 21, 2026
2ND Report CAL.
2ND REPORT CAL.
NY Senate
May 20, 2026
1ST Report CAL.1285
1ST REPORT CAL.1285
NY Senate
Jan 7, 2026
Referred to committee
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
NY Senate

Show full history (1 earlier event)

Feb 3, 2025
Referred to committee
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
NY Senate

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.