Establishes the small contractors relief act; creates the New York small contractor safety group, inc. pilot program; appropriates money therefor.
The bill establishes the small contractors relief act, creating the New York small contractor safety group, inc. pilot program. It appropriates $25 million for the initial capital of the New York small contractor safety group fund. The safety group will provide liability insurance to small contractors, with membership limited to those who meet specific criteria. The group will manage its business through a board of directors and will be exempt from certain taxes. Members must participate in safety training and comply with safety rules.
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