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NY S08191
Bill
Status
9/14/2016
Primary Sponsor
Philip Boyle
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AI Summary
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Requires registered charitable organizations receiving over $500,000 in gross annual revenue to file annual financial reports with the New York attorney general by the 15th day of the fifth calendar month after fiscal year close.
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Authorizes the attorney general to require charitable organizations to report any contributions or grants received from government agencies during the reporting period, including foreign government entities.
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Applies reporting requirement to organizations receiving over $750,000 and over $1,000,000 in gross annual revenue, with the same authorization for government agency contribution reporting.
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Requires financial reports to include certified public accountant audit reports and be signed by organization president or authorized officer and chief fiscal officer under penalties of perjury.
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Imposes a $25 filing fee payable to the attorney general with each financial report submission.
Legislative Description
Provides that the attorney general may require reporting of contributions or grants from a government agency by registered charitable organizations; includes contributions by foreign government entities.
Last Action
REFERRED TO RULES
9/14/2016