Bill Text: NY S05155 | 2019-2020 | General Assembly | Introduced


Bill Title: Provides that any solicitation on behalf of a charitable organization shall include a statement clearly stating what percentage of the charity's proceeds are applied to such charity's stated mission.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO FINANCE [S05155 Detail]

Download: New_York-2019-S05155-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          5155
                               2019-2020 Regular Sessions
                    IN SENATE
                                     April 11, 2019
                                       ___________
        Introduced  by  Sen.  BROOKS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance
        AN ACT to amend the executive law, in relation to statements  by  chari-
          ties
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 2 of section 174-b of  the  executive  law,  as
     2  amended  by  chapter  373  of  the  laws  of 2018, is amended to read as
     3  follows:
     4    2. Any solicitation used by or on behalf of any  charitable  organiza-
     5  tion shall include:
     6    (a)  a  clear  description of the programs and activities for which it
     7  has requested and has expended or will  expend  contributions  or  shall
     8  include therein a statement that, upon request, a person may obtain from
     9  the organization such a description; [and]
    10    (b)  a  statement  identifying the website and telephone number of the
    11  New York state office of the attorney general where  an  individual  can
    12  receive information on charitable organizations; and
    13    (c)  a  statement  clearly  stating  what  percentage of the charity's
    14  proceeds are applied directly to such charity's stated mission.
    15    [(c)] (d) If the solicitation is by an institution subject to  article
    16  five-A  of  the  not-for-profit corporation law, and is for an endowment
    17  fund, the solicitation must include a statement that,  unless  otherwise
    18  restricted  by  the gift instrument pursuant to paragraph (b) of section
    19  five hundred fifty-three of  the  not-for-profit  corporation  law,  the
    20  institution  may expend so much of an endowment fund as it deems prudent
    21  after considering the factors set forth in paragraph (a) of section five
    22  hundred fifty-three of the not-for-profit corporation law.
    23    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11002-01-9
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