Loading chat...
NY A04256
Bill
Status
1/31/2025
Primary Sponsor
Brian Cunningham
Click for details
AI Summary
-
Expands the definition of "certified business" under New York's minority and women-owned business enterprise (MWBE) program to include not-for-profit corporations in addition to traditional for-profit businesses
-
Allows not-for-profit corporations to qualify as minority-owned business enterprises if at least 51% of their governing board members are minority group members, with real, substantial, and continuing leadership
-
Allows not-for-profit corporations to qualify as women-owned business enterprises if at least 51% of their governing board members are women, with real, substantial, and continuing leadership
-
Requires qualifying not-for-profit corporations to be incorporated in New York State and independently operated
-
Takes effect 180 days after becoming law
Legislative Description
Authorizes not-for-profit corporation inclusion as minority and women-owned enterprises.
Last Action
referred to governmental operations
1/7/2026