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NY S08191

Bill

Status

Introduced

9/14/2016

Primary Sponsor

Philip Boyle

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Rules9/14/2016

Full Bill Text

No bill text available