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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A8327
- Ordered to third reading cal.681
- Committee discharged and committed to rules
- Referred to finance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to the effectiveness of provisions of law dealing with state contracts with not-for-profit organizations
Signed by Governor · Sponsor Jonathan Bing
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 292 of the laws of 2007 amending the state finance law relating to state contracts with not-for-profit organizations, in relation to making permanent the effectiveness of such provisions
Purpose
The purpose of this bill is to renew expiring provisions of the 2007 law regarding non-for-profit contracts. The provisions of this bill allowing the comptroller to waive interest and penalties in unusual circumstances are set to expire. This bill will make these provisions permanent.
Summary of provisions
Section 1 amends § 8 of chapter 292 of the laws of 2007 is amended to make permanent changes allowing the comptroller to waive interest and penalties in unusual circumstances.
Justification
Not-for-profit organizations have been finding themselves having to scramble to recover from late notification by agencies of intent not to renew contracts. When the notification does come, the NFP frequently is in the position of having made expenditures in anticipation of contract renewal. Also, NFPs have been placed in positions of being required to waive their statutory right to interest payment from the agency in order to execute the contact. In 2007, changes were made to make these procedures more effective. This bill makes permanent the provisions allowing the comptroller oversight of determining when there are unusual circumstances allowing the state to waive interest and penalties for having renewed the contract late
Legislative history
A.6018/S.2616 (2007). Signed into law.
Fiscal implications
Minimal.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.