Senate Bill S5757

2025-2026 Legislative Session

Relates to small not-for-profit corporations serving the state

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Procurement And Contracts 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

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2025-S5757 (ACTIVE) - Details

See Assembly Version of this Bill:
A5650
Current Committee:
Senate Procurement And Contracts
Law Section:
State Finance Law
Laws Affected:
Amd §§179-e & 179-t, St Fin L
Versions Introduced in 2023-2024 Legislative Session:
A9317

2025-S5757 (ACTIVE) - Summary

Relates to providing timely and up-front payments from the state to small not-for-profit corporations; enables the competitiveness of smaller not-for-profit corporations serving the state.

2025-S5757 (ACTIVE) - Sponsor Memo

2025-S5757 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5757
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 28, 2025
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Procurement and Contracts
 
 AN ACT to amend the state finance law, in relation to  providing  timely
   and  up-front  payments  from the state to small not-for-profit corpo-
   rations and enabling the  competitiveness  of  smaller  not-for-profit
   corporations serving the state
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. The Legislature acknowledges the  New
 York  Council  of  Nonprofits'  first State of the Sector and finds that
 small not-for-profit corporations in the State of New York are  struggl-
 ing  to attract new talent, make timely payments, and cover their annual
 operating expenses, further exacerbated by financial difficulties  stem-
 ming  from  the shifting post-pandemic economic landscape. Inflation and
 labor  shortages  have  harmed  the  not-for-profit  community  in  ways
 disproportionate  to  the  for-profit  community.  In  particular, these
 economic trends  have  harmed  small  not-for-profit  corporations  more
 acutely than larger not-for-profit corporations.
   The purpose of this legislation is to address that gap by altering the
 structure  and schedule of payments from the state to small not-for-pro-
 fit corporations, helping them to better adapt their budgets and expend-
 itures and compete  more  effectively  with  larger,  better-capitalized
 not-for-profit  corporations  who  can  more  easily absorb large costs.
 Uncertain budgeting for  not-for-profit  corporations  results  in  less
 action, unstable employment, less clarity with timelines, general stress
 and anguish for employees, and more. Helping small not-for-profit corpo-
 rations budget better will help the entire economy and society.
   § 2. Section 179-e of the state finance law is amended by adding a new
 subdivision 11 to read as follows:
   11. "SMALL NOT-FOR-PROFIT CORPORATION" MEANS ANY NOT-FOR-PROFIT CORPO-
 RATION,  AS  DEFINED  BY  SECTION  ONE HUNDRED TWO OF THE NOT-FOR-PROFIT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09280-01-5
              

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