A07641 Summary:

BILL NOA07641
 
SAME ASSAME AS S05738
 
SPONSORBrennan
 
COSPNSROtis
 
MLTSPNSR
 
Amd S132, Chap 549 of 2013
 
Relates to the effectiveness of provisions of law relating to prohibiting employees of a not-for-profit corporation from serving as chair of the board.
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A07641 Actions:

BILL NOA07641
 
05/20/2015referred to corporations, authorities and commissions
06/01/2015reported referred to rules
06/09/2015reported
06/09/2015rules report cal.167
06/09/2015ordered to third reading rules cal.167
06/10/2015passed assembly
06/10/2015delivered to senate
06/10/2015REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
06/16/2015SUBSTITUTED FOR S5738
06/16/2015PASSED SENATE
06/16/2015RETURNED TO ASSEMBLY
10/14/2015delivered to governor
10/26/2015signed chap.388
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A07641 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7641
 
SPONSOR: Brennan
  TITLE OF BILL: An act to amend chapter 549 of the laws of 2013, amending the executive law and other laws relating to reform of charitable organizations, in relation to the effectiveness of certain provisions of such chapter   PURPOSE OR GENERAL IDEA OF BILL: To change the effective date of the prohibition on not-for-profit employees serving as chairperson of the board of directors of the corpo- ration.   SUMMARY OF SPECIFIC PROVISIONS: Section one change the effective date of paragraph (f) of section 713 of not-for-profit law from January 1, 2016 to January 1, 2017. Section two of the bill establishes the effective date.   JUSTIFICATION: Paragraph (f) of section 713 of the Not-For-Profit Law was added in the Not-For-Profit Revitalization Act of 2013 and will become effective on January 1, 2016. The intent of paragraph (f) is to prevent employees of a not-for-profit corporation from serving as chair of the not-for-profit's board of directors. While this intention is a worthy policy goal, the Legislature requires more time to study the impact of this prohibition on not-for- profit corporations.   PRIOR LEGISLATIVE HISTORY: This is a new bill.   FISCAL IMPLICATIONS: None   EFFECTIVE DATE: This act shall take effect immediately.
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A07641 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7641
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 20, 2015
                                       ___________
 
        Introduced  by M. of A. BRENNAN -- read once and referred to the Commit-
          tee on Corporations, Authorities and Commissions
 
        AN ACT to amend chapter 549 of the laws of 2013, amending the  executive
          law  and other laws relating to reform of charitable organizations, in
          relation to the effectiveness of certain provisions of such chapter
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section  132 of chapter 549 of the laws of 2013, amending
     2  the executive law and other laws relating to reform of charitable organ-
     3  izations, as amended by chapter 81 of the laws of 2014,  is  amended  to
     4  read as follows:
     5    §  132.  This  act  shall take effect July 1, 2014, provided, however,
     6  that the amendments to section  172-b  of  the  executive  law  made  by
     7  section  three  of this act shall expire and be deemed repealed June 30,
     8  2017; provided further that the amendments to section 172-b of the exec-
     9  utive law made by section three-a of this act shall take effect July  1,
    10  2017  and  shall  expire  and be deemed repealed June 30, 2021; provided
    11  further that the amendments to section 172-b of the executive  law  made
    12  by  section three-b of this act shall take effect July 1, 2021; provided
    13  further that the amendments to paragraph (a) of section 713 of the  not-
    14  for-profit  corporation  law  made  by section seventy-three of this act
    15  shall take effect January 1, 2015; provided further that  paragraph  (f)
    16  of  section  713  of the not-for-profit corporation law added by section
    17  seventy-three of this act shall take  effect  January  1,  [2016]  2017;
    18  provided  further that section seventy-two of this act and paragraph (b)
    19  of section 8-1.9 of the estates, powers  and  trusts  law  as  added  by
    20  section  one  hundred  thirty  of this act shall not be applicable until
    21  January 1, 2015 for any corporation or trust that had annual revenues of
    22  less than 10,000,000 dollars in the last fiscal  year  ending  prior  to
    23  January 1, 2014.
    24    § 2. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11266-01-5
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