New York A11179 amends state finance law to require advance payments for not-for-profit contracts.
New York A11179 amends the state finance law to establish requirements for contracts between state agencies and not-for-profit organizations. The bill mandates that when a state agency enters a new contract with a not-for-profit organization and funds have been appropriated, the agency must provide an advance payment within thirty days of executing the contract. This advance payment is set at 25% of the total award to cover expenses incurred and services provided in the first quarter.
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