New York S04363 amends state finance and municipal laws to require reporting and fines for contractors who end relationships with minority and.

New York S04363 amends the state finance law and the general municipal law to mandate that any contractor who subcontracts or has a joint venture with minority and women-owned businesses on a public work project must report to the public owner and the Division of Minority and Women's Business Development if they cease their relationship with these businesses before project completion. Failure to report within seven days results in a fine set by the director of the Division of Minority and Women's Business Development. The act takes effect immediately.

New York S04363 amends state finance and municipal laws to require reporting and fines for contractors who end relationships with minority and.

New York S04363 amends the state finance law and the general municipal law to mandate that any contractor who subcontracts or has a joint venture with minority and women-owned businesses on a public work project must report to the public owner and the Division of Minority and Women's Business Development if they cease their relationship with these businesses before project completion. Failure to report within seven days results in a fine set by the director of the Division of Minority and Women's Business Development. The act takes effect immediately.