senate Bill S626

2019-2020 Legislative Session

Relates to reporting of contributions or grants from a government agency by registered charitable organizations

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to finance
Jan 09, 2019 referred to finance

S626 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Executive Law
Laws Affected:
Amd §172-b, Exec L
Versions Introduced in Other Legislative Sessions:
2015-2016: S8191
2017-2018: S628

S626 (ACTIVE) - Summary

Provides that the attorney general may require reporting of contributions or grants from a government agency by registered charitable organizations; includes contributions by foreign government entities.

S626 (ACTIVE) - Sponsor Memo

S626 (ACTIVE) - Bill Text download pdf


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

                                   626

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  Sen.  BOYLE  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the executive law, in relation to reporting of  contrib-
  utions  or  grants  from  a government agency by registered charitable
  organizations

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

  Section  1.    Subdivision 1 of section 172-b of the executive law, as
amended by section 3-a of chapter 549 of the laws of 2013, is amended to
read as follows:
  1. Every charitable organization registered or required to  be  regis-
tered  pursuant to section one hundred seventy-two of this article which
shall receive in any fiscal year gross revenue and support in excess  of
seven hundred fifty thousand dollars shall file with the attorney gener-
al an annual written financial report, on forms prescribed by the attor-
ney  general, on or before the fifteenth day of the fifth calendar month
after the close of such fiscal year. The annual financial  report  shall
be  accompanied by an annual financial statement which includes an inde-
pendent certified public accountant's audit report containing an opinion
that the financial statements  are  presented  fairly  in  all  material
respects  and  in  conformity with generally accepted accounting princi-
ples, including compliance with  all  pronouncements  of  the  financial
accounting  standards  board  and  the  American  Institute of Certified
Public Accountants that  establish  accounting  principles  relevant  to
not-for-profit  organizations.  Such  financial  report  shall include a
statement of any changes in the information required to be contained  in
the  registration form filed on behalf of such organization.  The finan-
cial report shall be signed by the president or other authorized officer
and the chief fiscal officer of the organization who shall certify under
penalties for perjury that the statements therein are true  and  correct

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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