Allows state agencies to donate personal property to certain not-for-profit organizations.
This bill amends the state finance law to allow the head of a state agency to donate personal property to a 501(c)(3) not-for-profit organization that is up to date on their annual filings. The donation process must be documented and subject to audit. If the property was purchased from special funds, the agency may require reimbursement of the special fund before donating the property. Any proceeds from the sale or transfer of the property must be deposited in the state's general fund.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.