Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 20, 2014 |
committed to rules |
May 19, 2014 |
advanced to third reading |
May 14, 2014 |
2nd report cal. |
May 13, 2014 |
1st report cal.675 |
Apr 28, 2014 |
print number 4783a |
Apr 28, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
Jun 21, 2013 |
committed to rules |
May 23, 2013 |
advanced to third reading |
May 22, 2013 |
2nd report cal. |
May 21, 2013 |
1st report cal.668 |
Apr 23, 2013 |
referred to investigations and government operations |
Senate Bill S4783A
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
2013-S4783 - Details
- See Assembly Version of this Bill:
- A2120
- Current Committee:
- Senate Rules
- Law Section:
- Executive Law
- Laws Affected:
- Amd §63, Exec L; amd §§202, 717, 719 & 720, add §§727 & 728, N-PC L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6930, A10733
2015-2016: S5309
2013-S4783 - Sponsor Memo
BILL NUMBER:S4783 REVISED MEMO 05/30/13 TITLE OF BILL: An act to amend the executive law and the not-for-profit corporation law, in relation to compensation of executives of certain not-for-profit corporations PURPOSE: To provide clear and concise requirements and procedures to ensure that compensation paid to executives at not-for-profits funded by the State are reasonable and not excessive. SUMMARY OF PROVISIONS: Section 1 adds a new subdivision 14 to Section 63 of the Executive Law which allows the Attorney General to prosecute all actions in connection with section 728 of the Not-For-Profit Corporation Law. Section 2 amends the Not-For-Profit Corporation Law to include within the powers of a governing board the setting of compensation of executives based on section 727. Section 3 amends paragraph a of section 717 of the Not-For-Profit Corporation Law to include language that any compensation provided to directors, officers, employees and other agents of the corporation shall be reasonable and, where applicable, is subject to section 727
2013-S4783 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4783 2013-2014 Regular Sessions I N S E N A T E April 23, 2013 ___________ Introduced by Sens. MARCELLINO, RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations AN ACT to amend the executive law and the not-for-profit corporation law, in relation to compensation of executives of certain not-for-pro- fit corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 63 of the executive law is amended by adding a new subdivision 14 to read as follows: 14. PROSECUTE ALL ACTIONS IN CONNECTION WITH SECTION SEVEN HUNDRED TWENTY-SEVEN AND SEVEN HUNDRED TWENTY-EIGHT OF THE NOT-FOR-PROFIT CORPO- RATION LAW. S 2. Subparagraph 12 of paragraph (a) of section 202 of the not-for- profit corporation law is amended to read as follows: (12) To elect or appoint officers, employees and other agents of the corporation, define their duties, fix their reasonable compensation and the reasonable compensation of directors, and to indemnify corporate personnel. Such compensation shall be commensurate with services performed, AND SUBJECT, WHERE APPLICABLE, TO SECTION SEVEN HUNDRED TWEN- TY-SEVEN (COMPENSATION OF EXECUTIVES). S 3. Paragraph (a) of section 717 of the not-for-profit corporation law, as amended by chapter 490 of the laws of 2010, is amended to read as follows: (a) Directors and officers shall discharge the duties of their respec- tive positions in good faith and with the care an ordinarily prudent person in a like position would exercise under similar circumstances. The factors set forth in subparagraph one of paragraph (e) of section 552 (Standard of conduct in managing and investing an institutional fund), if relevant, must be considered by a governing board delegating investment management of institutional funds pursuant to section 514 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05075-01-3
co-Sponsors
(R, C, IP) Senate District
2013-S4783A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A2120
- Current Committee:
- Senate Rules
- Law Section:
- Executive Law
- Laws Affected:
- Amd §63, Exec L; amd §§202, 717, 719 & 720, add §§727 & 728, N-PC L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6930, A10733
2015-2016: S5309
2013-S4783A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4783A TITLE OF BILL: An act to amend the executive law and the not-for-profit corporation law, in relation to compensation of executives of certain not-for-profit corporations PURPOSE: To provide clear and concise requirements and procedures to ensure that compensation paid to executives at not-for-profits funded by the State are reasonable and not excessive. SUMMARY OF PROVISIONS: Section 1 adds a new subdivision 14 to Section 63 of the Executive Law which allows the Attorney General to prosecute all actions in connection with section 728 of the Not-For-Profit Corporation Law. Section 2 amends the Not-For-Profit Corporation Law to include within the powers of a governing board the setting of compensation of execu- tives based on section 727. Section 3 amends paragraph a of section 717 of the Not-For-Profit Corpo- ration Law to include language that any compensation provided to direc- tors, officers, employees and other agents of the corporation shall be reasonable and, where applicable, is subject to section 727 of the Not- For-Profit Corporation Law.
2013-S4783A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4783--A 2013-2014 Regular Sessions I N S E N A T E April 23, 2013 ___________ Introduced by Sens. MARCELLINO, RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the executive law and the not-for-profit corporation law, in relation to compensation of executives of certain not-for-pro- fit corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 63 of the executive law is amended by adding a new subdivision 14 to read as follows: 14. PROSECUTE ALL ACTIONS IN CONNECTION WITH SECTION SEVEN HUNDRED TWENTY-SEVEN AND SEVEN HUNDRED TWENTY-EIGHT OF THE NOT-FOR-PROFIT CORPO- RATION LAW. S 2. Subparagraph 12 of paragraph (a) of section 202 of the not-for- profit corporation law is amended to read as follows: (12) To elect or appoint officers, employees and other agents of the corporation, define their duties, fix their reasonable compensation and the reasonable compensation of directors, and to indemnify corporate personnel. Such compensation shall be commensurate with services performed, AND SUBJECT, WHERE APPLICABLE, TO SECTION SEVEN HUNDRED TWEN- TY-SEVEN (COMPENSATION OF EXECUTIVES). S 3. Paragraph (a) of section 717 of the not-for-profit corporation law, as amended by chapter 490 of the laws of 2010, is amended to read as follows: (a) Directors and officers shall discharge the duties of their respec- tive positions in good faith and with the care an ordinarily prudent person in a like position would exercise under similar circumstances. The factors set forth in subparagraph one of paragraph (e) of section EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05075-04-4
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