New York S09855 amends state finance law to require state agencies to make an advance payment of 25% of the total award to not-for-profit.
New York S09855 amends the state finance law to establish a requirement for state agencies to provide an advance payment of 25% of the total award to not-for-profit organizations when entering into new contracts. This advance payment is intended to cover expenses and services provided in the first quarter of the contract. The bill also outlines procedures for contract modifications and the submission of these modifications to the comptroller for review.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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