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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to corporations, authorities and commissions
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A10487
Title of bill
An act to require seventy-five percent of the board members of a not- for-profit organization located in a city of a million or more to be residents of the same community in which such organization is located
Purpose or general idea of bill
This bill would require seventy- five percent of the board members of a not-for-profit organization in a city of a million or more to be resi- dents of the community in which the organization is located.
Justification
Although many not-for-profit organizations exist to serve the communi- ties and neighborhoods in which they are located, there is currently no requirement in law that not-for-profit board members be residents of, or have any particular interest in, the community the not-for-profit serves. Residents of a community or neighborhood are often most familiar with the needs of their own community. In addition, by virtue of their residency, residents are more likely to be impacted by decisions that affect their community and more likely to act in the best interest of their community as a result.
By requiring seventy-five percent of not-for-profit board members to reside in the community in which their organization is located, this bill will help to ensure that community residents have a stronger voice in decisions that impact their communities and that board decisions are made with the best interests of the community in mind.
Prior legislative history
New bill.
Fiscal implications
None to the state or target city anticipated.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.