Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 26, 2015 |
signed chap.388 |
Oct 14, 2015 |
delivered to governor |
Jun 16, 2015 |
returned to assembly passed senate substituted for s5738 |
Jun 16, 2015 |
substituted by a7641 ordered to third reading cal.1687 committee discharged and committed to rules |
Jun 01, 2015 |
referred to corporations, authorities and commissions |
Senate Bill S5738
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A7641 - Signed by Governor
- 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
Actions
Votes
2015-S5738 (ACTIVE) - Details
2015-S5738 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5738 TITLE OF BILL: An act to amend chapter 549 of the laws of 2013, amending the executive law and other laws relating to reform of charitable organizations, in relation to the effectiveness of certain provisions of such chapter PURPOSE OR GENERAL IDEA OF BILL: To change the effective date of the prohibition on not-for-profit employees serving as chairperson of the board of directors of the corporation. SUMMARY OF SPECIFIC PROVISIONS: Section one: Changes the effective date of paragraph (f) of section 713 of Not-For-Profit Law from January 1, 2016 to January 1, 2017. Section two: Establishes the effective date. JUSTIFICATION: Paragraph (f) of section 713 of the Not-For-Profit Law was added in the Not-For-Profit Revitalization Act of 2013 and will become effective on January 1, 2016. The intent of paragraph (f) is to prevent employees of a not-for-profit corporation from serving as chair of the not-for-profit's board of directors. While this intention is a worthy policy goal, the Legislature requires more time to study the impact of this prohibition on not-for-profit corporations.
2015-S5738 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5738 2015-2016 Regular Sessions I N S E N A T E June 1, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Author- ities and Commissions AN ACT to amend chapter 549 of the laws of 2013, amending the executive law and other laws relating to reform of charitable organizations, in relation to the effectiveness of certain provisions of such chapter THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 132 of chapter 549 of the laws of 2013, amending the executive law and other laws relating to reform of charitable organ- izations, as amended by chapter 81 of the laws of 2014, is amended to read as follows: S 132. This act shall take effect July 1, 2014, provided, however, that the amendments to section 172-b of the executive law made by section three of this act shall expire and be deemed repealed June 30, 2017; provided further that the amendments to section 172-b of the exec- utive law made by section three-a of this act shall take effect July 1, 2017 and shall expire and be deemed repealed June 30, 2021; provided further that the amendments to section 172-b of the executive law made by section three-b of this act shall take effect July 1, 2021; provided further that the amendments to paragraph (a) of section 713 of the not- for-profit corporation law made by section seventy-three of this act shall take effect January 1, 2015; provided further that paragraph (f) of section 713 of the not-for-profit corporation law added by section seventy-three of this act shall take effect January 1, [2016] 2017; provided further that section seventy-two of this act and paragraph (b) of section 8-1.9 of the estates, powers and trusts law as added by section one hundred thirty of this act shall not be applicable until January 1, 2015 for any corporation or trust that had annual revenues of less than 10,000,000 dollars in the last fiscal year ending prior to January 1, 2014. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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