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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to corporations, authorities and commissions
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 compensation of not-for-profit corporation directors, officers, or administrators
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor Nancy Calhoun
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the not-for-profit corporation law, in relation to compensation of not-for-profit corporation directors, officers, or administrators
Purpose
Relates to compensation of not-far-profit corporation directors, officers, or administrators
Summary of provisions
Amends the not-for-profit corporation law by adding a new Section 727.
This section ensures the compensation of directors, officers, or administrators of a not-far-profit corporation shall not receive funding from any source from New York State when the director, officer, or administrator of such not-for-profit corporation receives a greater salary than the governor receives.
Justification
Ensures the majority of funds are distributed to help those in need; allowing the organization to maximize their funding for the needs of its clients.
Legislative history
New Bill.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.