Bill > H423

This bill amends existing law to create a new section specifically prohibiting theft or embezzlement from nonprofit associations and charitable organizations, defining these terms to include entities organized as nonprofit corporations or those whose operations are charitable in nature or who solicit donations based on charitable appeals. The bill establishes that stealing, defrauding, or unlawfully converting or secreting property of such organizations constitutes larceny, with penalties escalating based on the value of the stolen goods or money, ranging from a minimum of 30 days imprisonment for amounts over $250 up to $10,000, to a minimum of 2 years imprisonment for amounts exceeding $50,000. In addition to incarceration, convicted individuals will be subject to a two-year probation period and will be ordered to make full financial restitution to the affected organization for their losses, with specific provisions for payment plans or contempt of court if restitution is not made in good faith, and the possibility of seizing assets if no good faith effort is demonstrated.