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NY S04132
Bill
Status
4/3/2025
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Prohibits charitable organizations registered in New York from using charitable donations to make payments arising from confidentiality agreements or closed settlement agreements
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Defines "confidentiality agreement" or "closed settlement agreement" as any private or court-ordered agreement resolving a legal action that limits disclosure of information about the agreement
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Applies to all charitable organizations registered in the state, regardless of their specific charitable purpose
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Takes effect immediately upon enactment and applies only to agreements entered into on or after the effective date
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Amends the executive law by adding new section 172-g
Legislative Description
Prohibits a charitable organization from using any charitable donations that the charitable organization receives to make any sort of payment that arises as a term of a confidentiality agreement or closed settlement agreement.
Last Action
REFERRED TO FINANCE
1/7/2026