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S08041 Summary:

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S08041 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8041
 
                    IN SENATE
 
                                      June 7, 2016
                                       ___________
 
        Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
          when printed to be committed to the Committee on Rules
 
        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 388 of the laws of 2015, 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     7  section  three  of this act shall expire and be deemed repealed June 30,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    10  2017  and  shall  expire  and be deemed repealed June 30, 2021; provided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,  [2017]  2018;
    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.
                                                                   LBD15748-01-6