New York A 5650: Relates to small not-for-profit corporations serving the state

Bill Text

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A05650 Summary:

BILL NOA05650 

&nbsp

SAME ASSAME AS S05757

&nbsp

SPONSORZinerman

&nbsp

COSPNSRButtenschon, Woerner, Anderson

&nbsp

MLTSPNSR

&nbsp

Amd §§179-e & 179-t, St Fin L

&nbsp

Relates to providing timely and up-front payments from the state to small not-for-profit corporations; enables the competitiveness of smaller not-for-profit corporations serving the state.

Go to top A05650 Actions:

BILL NOA05650 

&nbsp

02/19/2025referred to governmental operations

01/07/2026referred to governmental operations

Go to topA05650 Committee&nbspVotes:

Go to topA05650 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA05650 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5650

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 19, 2025
 ___________

 Introduced by M. of A. ZINERMAN, BUTTENSCHON, WOERNER -- read once and
 referred to the Committee on Governmental Operations

 AN ACT to amend the state finance law, in relation to providing timely
 and up-front payments from the state to small not-for-profit corpo-
 rations and enabling the competitiveness of smaller not-for-profit
 corporations serving the state

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Legislative findings. The Legislature acknowledges the New
 2 York Council of Nonprofits' first State of the Sector and finds that
 3 small not-for-profit corporations in the State of New York are struggl-
 4 ing to attract new talent, make timely payments, and cover their annual
 5 operating expenses, further exacerbated by financial difficulties stem-
 6 ming from the shifting post-pandemic economic landscape. Inflation and
 7 labor shortages have harmed the not-for-profit community in ways
 8 disproportionate to the for-profit community. In particular, these
 9 economic trends have harmed small not-for-profit corporations more
 10 acutely than larger not-for-profit corporations.
 11 The purpose of this legislation is to address that gap by altering the
 12 structure and schedule of payments from the state to small not-for-pro-
 13 fit corporations, helping them to better adapt their budgets and expend-
 14 itures and compete more effectively with larger, better-capitalized
 15 not-for-profit corporations who can more easily absorb large costs.
 16 Uncertain budgeting for not-for-profit corporations results in less
 17 action, unstable employment, less clarity with timelines, general stress
 18 and anguish for employees, and more. Helping small not-for-profit corpo-
 19 rations budget better will help the entire economy and society.
 20 § 2. Section 179-e of the state finance law is amended by adding a new
 21 subdivision 11 to read as follows:
 22 11. "Small not-for-profit corporation" means any not-for-profit corpo-
 23 ration, as defined by section one hundred two of the not-for-profit

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09280-01-5

 A. 5650 2

 1 corporation law, whose annual budget is one million five hundred thou-
 2 sand dollars or less.
 3 § 3. Section 179-t of the state finance law is amended by adding two
 4 new subdivisions 6 and 7 to read as follows:
 5 6. Every calendar year, on or before January thirty-first, the attor-
 6 ney general shall publish a list of not-for-profit corporations in good
 7 standing with the state and eligible to receive funding from the state.
 8 Such list shall be constructed based upon the compliance paperwork of
 9 not-for-profit corporations submitted for the previous calendar year.
 10 For not-for-profit corporations who submit their compliance paperwork
 11 after January thirty-first and before April first, the attorney general
 12 shall publish addendums to said list including not-for-profit corpo-
 13 rations that are in good standing and eligible to receive funding from
 14 the state. Any agency executing contract renewals for not-for-profit
 15 corporations on such list shall not be required to submit said renewal
 16 contract to the comptroller for review.
 17 7. (a) Notwithstanding the time frame requirements set forth in this
 18 section, a state agency administering a contract renewal with a small
 19 not-f