|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2020||referred to finance|
|Jan 09, 2019||referred to finance|
senate Bill S626
Archive: Last Bill Status - In Senate Committee Finance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S626 (ACTIVE) - Details
S626 (ACTIVE) - Sponsor Memo
BILL NUMBER: S626 SPONSOR: BOYLE TITLE OF BILL: An act to amend the executive law, in relation to reporting of contributions or grants from a government agency by regis- tered charitable organizations PURPOSE OR GENERAL IDEA OF BILL: This legislation would allow the Attorney General to require charitable organizations to report contributions or grants from a government agen- cy. It would also clarify that, if required by the Attorney General, these charitable organizations should disclose contributions from both domestic and foreign government agencies. SUMMARY OF SPECIFIC PROVISIONS: Section 1-3. Allows the attorney general to require the reporting of donors, including foreign government donations. Section 4. Effective date.
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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