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Sponsors
Senator · Senate District 61
No co-sponsors yet.
History
- Substituted by A7641
- Ordered to third reading cal.1687
- Committee discharged and committed to rules
- 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 effectiveness of provisions of law relating to prohibiting employees of a not-for-profit corporation from serving as chair of the board
Signed by Governor · Sponsor James F. Brennan
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5738
Title of bill
An act to amend chapter 549 of the laws of 2013, amending the executive law and other laws relating to reform of charitable organizations, in relation to the effectiveness of certain provisions of such chapter
Purpose or general idea of bill
To change the effective date of the prohibition on not-for-profit employees serving as chairperson of the board of directors of the corporation.
Summary of specific provisions
Section one: Changes the effective date of paragraph (f) of section 713 of Not-For-Profit Law from January 1, 2016 to January 1, 2017.
Section two: Establishes the effective date.
Justification
Paragraph (f) of section 713 of the Not-For-Profit Law was added in the Not-For-Profit Revitalization Act of 2013 and will become effective on January 1, 2016.
The intent of paragraph (f) is to prevent employees of a not-for-profit corporation from serving as chair of the not-for-profit's board of directors. While this intention is a worthy policy goal, the Legislature requires more time to study the impact of this prohibition on not-for-profit corporations.
Prior legislative history
This is a new bill.
Fiscal implications
None
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.