Bill > A06573

This bill, known as the "Get Nonprofits Paid Act," amends the New York City Charter to require the city to pay not-for-profit organizations under procurement contracts within 30 days (excluding legal holidays) after the contract is executed and filed with the comptroller. The bill provides two specific exceptions to this payment requirement: first, if the city comptroller can provide the nonprofit with a non-interest bearing short-term loan through a returnable grant fund or another financial institution, and second, during emergency situations declared by the mayor. Importantly, if a nonprofit receives such a loan, they become ineligible to receive interest on the contract or to receive advance payments. The provisions of this bill will take effect three years after it becomes law, giving city agencies time to adjust their financial processes to accommodate the new payment requirements. The goal of the legislation appears to be ensuring more timely and reliable payments to nonprofit organizations that contract with the city, which can help these organizations maintain financial stability and continue providing essential services.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A6573