Assembly Bill A5068

2011-2012 Legislative Session

Requires higher education research foundations to submit reports of budget information to the governor and legislature

download bill text pdf

Sponsored By

Archive: Last Bill Status - Stricken


  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2011-A5068 (ACTIVE) - Details

Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Add ยง1413, N-PC L
Versions Introduced in 2009-2010 Legislative Session:
A1314

2011-A5068 (ACTIVE) - Summary

Requires higher education research foundations to submit reports of budget information to the governor and legislature; provides for additional oversight of higher education research foundations.

2011-A5068 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5068

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 11, 2011
                               ___________

Introduced  by  M.  of  A.  P. RIVERA  --  read once and referred to the
  Committee on Corporations, Authorities and Commissions

AN ACT to amend the not-for-profit corporation law, in relation  to  the
  creation  of  the  higher education research foundation accountability
  and transparency act

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Short  title. This act shall be known and may be cited as
the "higher education research foundation accountability and transparen-
cy act".
  S 2. Legislative findings and declarations. The legislature finds  and
declares  that  the  state  has a vital interest in the oversight of its
educational centers  and  associated  research  foundations  for  higher
education  and  in the research foundations' viability as not-for-profit
entities, as well as preserving the high academic standards and research
done throughout the state's university system. The state has  an  essen-
tial  interest in protecting and ensuring that funding, grants and other
monies used by the state university system of New  York  in  conjunction
with  not-for-profit  research foundations is facilitated in an open and
accountable manner. The combination and close relationship of  a  public
university  system  with  not-for-profit  research  foundations presents
certain challenges and potential conflicts with the academic, labor  and
other  policies  of  the  state.  Therefore,  the  legislature finds and
declares that additional oversight and accountability  is  necessary  to
preserve the integrity of the state university system.
  S  3.  The  not-for-profit  corporation law is amended by adding a new
section 1413 to read as follows:
S 1413. HIGHER EDUCATION RESEARCH FOUNDATIONS.
  (A) FOR THE PURPOSES OF  THIS  SECTION,  THE  TERM  "HIGHER  EDUCATION
RESEARCH FOUNDATION" SHALL MEAN A NOT-FOR-PROFIT CORPORATION, COMPANY OR
PARTNERSHIP CLOSELY AFFILIATED WITH THE STATE UNIVERSITY OF NEW YORK AND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04155-01-1
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.