New York bill A07206 mandates tax-exempt organizations to report funds spent on judgments and settlements for harassment, assault, or abuse.

Bill A07206 amends the estates, powers, and trusts law and the executive law in New York to require tax-exempt organizations and trustees to annually report whether any funds were spent to pay judgments or settle accusations related to harassment, assault, or abuse by their officers, directors, employees, agents, or trustees. The reporting must be done under the penalties of perjury and submitted to the attorney general. Failure to report subjects the organization or trustee to the same fines and penalties as for not filing an annual financial report.

New York bill A07206 mandates tax-exempt organizations to report funds spent on judgments and settlements for harassment, assault, or abuse.

Bill A07206 amends the estates, powers, and trusts law and the executive law in New York to require tax-exempt organizations and trustees to annually report whether any funds were spent to pay judgments or settle accusations related to harassment, assault, or abuse by their officers, directors, employees, agents, or trustees. The reporting must be done under the penalties of perjury and submitted to the attorney general. Failure to report subjects the organization or trustee to the same fines and penalties as for not filing an annual financial report.