New York S05757 aims to provide timely and up-front payments from the state to small not-for-profit corporations, enhancing their competitiveness.
New York S05757 amends the state finance law to address financial challenges faced by small not-for-profit corporations. It mandates the attorney general to publish an annual list of eligible not-for-profit corporations by January 31. State agencies must disburse funds within 60 days of receiving appropriations, ensuring timely payments. Small not-for-profit corporations can petition for disbursements if not received within specified timeframes. This legislation aims to improve budgeting and competitiveness for small not-for-profit corporations.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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