New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle A - Governor's Office › Chapter I - Executive Orders › Part 3 - Executive Orders (Hugh L. Carey) › Section 3.122 - Executive order no. 122: establishing a commission on export finance

Current through Register Vol. 46, No. 28, July 10, 2024
WHEREAS, The economy of New York State and opportunities
					 for employment within the State are increasingly dependent upon the export of
					 New York State goods and services and the growth of export markets for those
					 goods and services;
WHEREAS, New York State exporters find it increasingly
					 difficult to compete with foreign exporters which benefit from governmentally
					 supported financing programs;
WHEREAS, The Governor's Advisory Panel on Export Finance
					 recommended the establishment of a State export financing entity to encourage
					 and facilitate the export to foreign markets of New York products and services;
					 and
WHEREAS, It is necessary to continue the analysis of the
					 requirements of the export industry and the extent to which the State can
					 provide resources to assist exporters;
NOW, THEREFORE, I, Hugh L. Carey, Governor of the State of
					 New York, by virtue of the authority vested in me by the Constitution and the
					 Laws of the State of New York, do hereby order as follows:
I. Commission on Export Finance
There is hereby created within the Executive Department a
					 commission of 10 persons to be known as the Commission on Export Finance (the
					 "commission"). The members of the commission shall be appointed by the Governor
					 and a chairman and vice-chairman of the commission shall be named by the
					 Governor. The members of the commission shall receive no compensation but shall
					 be entitled to reimbursement for any necessary expenses incurred in connection
					 with the performance of their duties.
II. Powers and Responsibilities
1. The commission shall review, evaluate and
				  make appropriate recommendations on proposed legislation to secure the
				  establishment of a State-sponsored export financing entity with the power to
				  provide export finance assistance through participating banks; develop
				  insurance and guarantee programs for New York State exporters; and provide
				  export counseling services.
2. In
				  formulating its recommendations, the commission shall take into consideration
				  the following:
a. the needs of small and
				  medium-sized businesses for insurance and guarantee programs, as well as
				  financing assistance;
b. the means
				  of capitalizing the State export entity to provide for the effective
				  implementation of its programs and operations and the accomplishment of its
				  goals, including the need for and extent of State involvement in the
				  capitalization of the entity;
c.
				  coordination of the State's efforts with existing Federal programs in the
				  export area and the desirability or need for Federal legislation as may be
				  necessary to authorize the operation of a State-sponsored export financing
				  entity; and
d. identification of
				  potential sources of public or private financial assistance to the entity,
				  other than State or Federal as mentioned above.
3. The commission shall advise the Governor
				  concerning matters germane to the establishment of an export financing entity
				  with appropriate recommendations. The commission shall make recommendations and
				  suggestions for legislative and administrative actions necessary for the
				  establishment of the entity.
4. For
				  the accomplishment of its purposes, the commission shall be authorized and
				  empowered to undertake any studies, inquiries, surveys or analyses it may deem
				  relevant through its own personnel, or in cooperation with or by agreement with
				  any other public or private agency.
Signed: Hugh L. CareyDated: December 29,
					 1982