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NY S05813
Bill
Status
12/3/2015
Primary Sponsor
Jose Serrano
Click for details
AI Summary
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Authorizes the Roosevelt Island Operating Corporation to provide grants to not-for-profit corporations or governmental agencies serving Roosevelt Island residents, capped at 3% of the corporation's operating budget
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Requires approval from a majority of the corporation's entire board before issuing grants
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Mandates the corporation post a report on its website by May 1, 2016 listing all grants issued between 2010 and 2015, describing each grant's purpose and resulting public benefit
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Grants must support services enhancing residents' quality of life through education, artistic and cultural enrichment, health, or environmental improvements
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Act expires and is repealed December 31, 2016, except provisions amending the Public Authorities Law which take effect concurrently with related legislation (S.922A and A.7430A)
Legislative Description
Authorizes the Roosevelt Island operating corporation board of directors to provide financial assistance in the form of grants to not-for-profit organizations that provide services to residents.
Last Action
APPROVAL MEMO.13
12/3/2015