New York A05650 aims to provide timely and upfront payments to small not-for-profit corporations to enhance their competitiveness.

New York Assembly Bill A05650 seeks to amend the state finance law to ensure timely and upfront payments from the state to small not-for-profit corporations. The bill defines a small not-for-profit corporation as one with an annual budget of $1.5 million or less. It mandates that the attorney general publish a list of eligible not-for-profit corporations annually by January 31. State agencies must disburse funds to these corporations within 60 days of receiving the appropriation.

New York A05650 aims to provide timely and upfront payments to small not-for-profit corporations to enhance their competitiveness.

New York Assembly Bill A05650 seeks to amend the state finance law to ensure timely and upfront payments from the state to small not-for-profit corporations. The bill defines a small not-for-profit corporation as one with an annual budget of $1.5 million or less. It mandates that the attorney general publish a list of eligible not-for-profit corporations annually by January 31. State agencies must disburse funds to these corporations within 60 days of receiving the appropriation.