A10368 Summary:
| BILL NO | A10368 |
| SAME AS | SAME AS S05286 |
| SPONSOR | Rules (Bichotte Hermelyn) |
| COSPNSR | |
| MLTSPNSR | |
| Add §172-g, Exec L | |
| Prohibits a charitable organization from using any charitable donations that the charitable organization receives to make any sort of payment that arises as a term of a confidentiality agreement or closed settlement agreement. | |
A10368 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 10368 IN ASSEMBLY May 21, 2024 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Bichotte Hermelyn) -- read once and referred to the Committee on Governmental Operations AN ACT to amend the executive law, in relation to prohibiting charitable organizations registered in the state of New York from using any char- itable donations for confidentiality agreements or closed settlement agreements The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The executive law is amended by adding a new section 172-g 2 to read as follows: 3 § 172-g. Prohibits any charitable organization from using charitable 4 donations for confidentiality agreements or closed settlement agree- 5 ments. 1. Any charitable organization registered in the state of New 6 York shall be prohibited from using any charitable donation that the 7 charitable organization receives to make any sort of payment that arises 8 as a term of a confidentiality agreement or closed settlement agreement. 9 2. For the purposes of this section, "confidentiality agreement" or 10 "closed settlement agreement" shall mean any private agreement or court 11 ordered agreement resolving a cause of action which limits the 12 possession, disclosure or dissemination of information about any part of 13 the agreement. 14 § 2. This act shall take effect immediately and shall apply to agree- 15 ments and proposed agreements entered into on or after such effective 16 date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07590-01-3