Bill Text: NY A07503 | 2019-2020 | General Assembly | Introduced


Bill Title: Prohibits the New York Department of State from issuing a certificate of dissolution and filing a judgment or final order of dissolution for the pension fund for employees of the former St. Clare's Hospital in the city of Schenectady, county of Schenectady, until an investigation and/or audit by the New York State Department of Health, the New York State Attorney General or the New York State Comptroller has been conducted to ascertain whether there was any impropriety in the handling and management of funds in such pension plan.

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Introduced - Dead) 2020-01-08 - referred to governmental operations [A07503 Detail]

Download: New_York-2019-A07503-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          7503
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                       May 8, 2019
                                       ___________
        Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
          Committee on Governmental Operations
        AN ACT prohibiting the New York  Department  of  State  from  issuing  a
          certificate  of  dissolution  and  filing a judgment or final order of
          dissolution for the pension fund  for  employees  of  the  former  St.
          Clare's  Hospital  in  the city of Schenectady, county of Schenectady,
          until an investigation and/or audit by the New York  State  Department
          of  Health,  the New York State Attorney General or the New York State
          Comptroller has been conducted to  ascertain  whether  there  was  any
          impropriety  in  the  handling and management of funds in such pension
          plan
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Notwithstanding the provisions of sections 1003 and 1109 of
     2  the not-for-profit corporation law or any other provisions of article 10
     3  or  11  of the not-for-profit corporation law, no petition for a certif-
     4  icate of dissolution for the pension fund for employees  of  the  former
     5  St.  Clare's Hospital in the city of Schenectady, county of Schenectady,
     6  shall be issued by the New York Department of State and no  judgment  or
     7  final  order  of  dissolution by the Supreme Court shall be filed by the
     8  New York Department of State unless and until a period of sixty days has
     9  elapsed following the conclusion of an investigation and/or audit by the
    10  New York State Department of Health, the New York State Attorney General
    11  or the New York State Comptroller has been conducted to ascertain wheth-
    12  er there was impropriety in the handling and management of funds in such
    13  pension plan.
    14    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11399-02-9
feedback