Bill > A04723

This bill amends the New York State Finance Law to provide state agencies with an additional option for disposing of personal property valued below a certain threshold. Specifically, the bill allows the head of a state agency to donate property directly to a 501(c)(3) not-for-profit organization, provided that the organization is current on its annual filing requirements. Previously, state agencies had several methods for disposing of property, including reusing it within the same agency, trading it in for new equipment, transferring it to the office of general services, or selling it. The new provision adds donation as a potential disposal method, giving state agencies more flexibility in managing surplus property. The bill will take effect 180 days after becoming law, which allows state agencies and potential recipient organizations time to prepare for the new donation option. The goal appears to be to provide a charitable and efficient means of redistributing state-owned personal property that is no longer needed by its original agency.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A4723