§ 6 — Access to employment opportunities

New York § 6

• Jurisdiction: New York
• Law PAB: Private Activity Bond 47/90
• Title 1: Private Activity Bond Allocation Act of 1990

Text

* § 6. Access to employment opportunities. 1. All issuers shall\nrequire that any new employment opportunities created in connection with\nindustrial or manufacturing projects financed through the issuance of\nqualified small issue bonds shall be listed with the New York state\ndepartment of labor job service division, and with the administrative\nentity of the service delivery area created pursuant to the Job Training\nPartnership Act (Pub. L. 97-300) in which the project is located. Such\nlisting shall be in a manner and form prescribed by the commissioner.\nAll issuers shall further require that for any new employment\nopportunities created in connection with an industrial or manufacturing\nproject financed through the issuance of qualified small issue bonds by\nsuch issuer, industrial or manufacturing firms shall first consider\npersons eligible to participate in Federal Job Training Partnership Act\n(Pub. L. 97-300) programs who shall be referred to the industrial or\nmanufacturing firm by administrative entities of service delivery areas\ncreated pursuant to such act or by the job service division at the\ndepartment of labor. Issuers of qualified small issue bonds are required\nto monitor compliance with the provisions of this section as prescribed\nby the commissioner.\n 2. Nothing in this section shall be construed to require users of\nqualified small issue bonds to violate any existing collective\nbargaining agreement with respect to the hiring of new employees.\nFailure on the part of any user of qualified small issue bonds to comply\nwith the requirements of this section shall not affect the allocation of\nbonding authority to the issuer of the bonds or the validity or tax\nexempt status of such bonds.\n* NB Repealed January 1, 1991\n