senate Bill S5596

2019-2020 Legislative Session

Prohibits the New York Department of State from issuing a certificate of dissolution and filing a judgment or final order of dissolution for the pension fund for employees of the former St. Clare's Hospital

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Sponsored By

Current 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
May 20, 2019 reported and committed to finance
May 08, 2019 referred to corporations, authorities and commissions

Votes

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May 20, 2019 - Corporations, Authorities and Commissions committee Vote

S5596
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: May 20, 2019

Co-Sponsors

S5596 (ACTIVE) - Details

See Assembly Version of this Bill:
A7503
Current Committee:
Senate Finance
Law Section:
Executive Department

S5596 (ACTIVE) - Summary

Prohibits the New York Department of State from issuing a certificate of dissolution and filing a judgment or final order of dissolution for the pension fund for employees of the former St. Clare's Hospital in the city of Schenectady, county of Schenectady, until an investigation and/or audit by the New York State Department of Health, the New York State Attorney General or the New York State Comptroller has been conducted to ascertain whether there was any impropriety in the handling and management of funds in such pension plan.

S5596 (ACTIVE) - Sponsor Memo

S5596 (ACTIVE) - Bill Text download pdf


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

                                  5596

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               May 8, 2019
                               ___________

Introduced  by  Sen. TEDISCO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT  prohibiting  the  New  York  Department of State from issuing a
  certificate of dissolution and filing a judgment  or  final  order  of
  dissolution  for  the  pension  fund  for  employees of the former St.
  Clare's Hospital in the city of Schenectady,  county  of  Schenectady,
  until  an  investigation and/or audit by the New York State Department
  of Health, the New York State Attorney General or the New  York  State
  Comptroller  has  been  conducted  to  ascertain whether there was any
  impropriety in the handling and management of funds  in  such  pension
  plan

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

  Section 1. Notwithstanding the provisions of sections 1003 and 1109 of
the not-for-profit corporation law or any other provisions of article 10
or 11 of the not-for-profit corporation law, no petition for  a  certif-
icate  of  dissolution  for the pension fund for employees of the former
St. Clare's Hospital in the city of Schenectady, county of  Schenectady,
shall  be  issued by the New York Department of State and no judgment or
final order of dissolution by the Supreme Court shall be  filed  by  the
New York Department of State unless and until a period of sixty days has
elapsed following the conclusion of an investigation and/or audit by the
New York State Department of Health, the New York State Attorney General
or the New York State Comptroller has been conducted to ascertain wheth-
er there was impropriety in the handling and management of funds in such
pension plan.
  § 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11399-02-9

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