---
type: "Bill"
title: "Restricts the use of funds received from the minority and women-owned business development and lending program for the purpose of refinancing existing commercial or business related debt"
description: "Restricts the use of funds received from the minority and women-owned business development and lending program for the purpose of refinancing existing commercial or business related debt."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2023-2024"
identifier: "A 968"
citation: "New York A 968 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Rodneyse Bichotte Hermelyn"]
version_count: 1
action_count: 15
vote_count: 2
first_action: "2023-01-11"
last_action: "2023-03-03"
source: "openstates"
source_identifier: "ocd-bill/9acaacd0-f611-471b-8200-d9e974f2ddeb"
source_url: "http://www.nysenate.gov/legislation/bills/2023/A968"
source_hash: "9ad8270f3c8b5e87e5bc4d8b0aea3b4864898dd977edd57e53eb4eb838d3e877"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York A 968 (2023-2024) — Restricts the use of funds received from the minority and women-owned business development and lending program for the purpose of refinancing existing commercial or business related debt

Restricts the use of funds received from the minority and women-owned business development and lending program for the purpose of refinancing existing commercial or business related debt.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **A968** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A968&term=2023&Text=Y)

## Votes

- Assembly Vote — **143–0** (pass) · lower
- Floor Vote — **63–0** (pass) · upper

## Sponsors

- Rodneyse Bichotte Hermelyn — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-01-11** REFERRED TO ECONOMIC DEVELOPMENT `referral-committee`
- **2023-01-18** REPORTED REFERRED TO WAYS AND MEANS `referral-committee`
- **2023-01-18** REPORTED REFERRED TO RULES `referral-committee`
- **2023-01-18** REPORTED
- **2023-01-18** RULES REPORT CAL.34
- **2023-01-18** ORDERED TO THIRD READING RULES CAL.34
- **2023-01-23** PASSED ASSEMBLY `passage`
- **2023-01-23** DELIVERED TO SENATE
- **2023-01-23** REFERRED TO RULES `referral-committee`
- **2023-01-30** SUBSTITUTED FOR S1356
- **2023-01-30** 3RD READING CAL.123
- **2023-01-30** PASSED SENATE `passage`
- **2023-01-30** RETURNED TO ASSEMBLY
- **2023-03-03** DELIVERED TO GOVERNOR `executive-receipt`
- **2023-03-03** SIGNED CHAP.25 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9acaacd0-f611-471b-8200-d9e974f2ddeb`. Confidence: reported (aggregated from official New York legislature records).