Bill > S05757

This bill aims to support small not-for-profit corporations in New York by modifying state finance law to provide more timely and predictable state funding. The legislation defines a "small not-for-profit corporation" as any nonprofit organization with an annual budget of $1.5 million or less. The bill requires the Attorney General to publish an annual list of eligible nonprofits in good standing by January 31st, with provisions for updating the list throughout the year. For small nonprofits, the bill mandates that state agencies make best efforts to disburse contract funds within 60 days of receiving appropriation, or before the contract's effective date if funding is received earlier. The legislation allows for single lump-sum payments, with an option for nonprofits to request alternative payment schedules. If a state agency fails to disburse funds within the specified timeframe, small nonprofits can petition the agency and potentially pursue legal action through an article seventy-eight proceeding to enforce contract payments. The bill is motivated by the economic challenges faced by smaller nonprofits in the post-pandemic landscape, particularly regarding inflation, labor shortages, and budget uncertainty, with the goal of helping these organizations compete more effectively and maintain financial stability.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5757