Bill Text: NY S05511 | 2015-2016 | General Assembly | Introduced

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Bill Title: Requires that the attorney general post the financial statements of charitable organizations online and that solicitations contain such information.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO FINANCE [S05511 Detail]

Download: New_York-2015-S05511-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5511
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                     May 14, 2015
                                      ___________
       Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
         printed to be committed to the Committee on Finance
       AN ACT to amend the executive law, in relation to financial  reports  by
         charitable organizations
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 1 of section 174-b of  the  executive  law,  as
    2  amended  by  chapter  43  of  the  laws  of  2002, is amended to read as
    3  follows:
    4    1. Any solicitation, by any means, including but not limited  to  oral
    5  solicitation,  by  or  on behalf of a registered charitable organization
    6  which is required to file financial reports pursuant to this article and
    7  has filed all such reports, shall include therein a statement that  upon
    8  request,  a person may obtain from the organization or from the attorney
    9  general, a copy of the last financial report filed by  the  organization
   10  with  the  attorney  general OR MAY VIEW SUCH STATEMENT AT A WEB ADDRESS
   11  SPECIFIED BY THE ATTORNEY GENERAL.  Such  statement  shall  specify  the
   12  address  of the organization and the address of the attorney general, to
   13  which such request should be addressed and in  the  case  of  a  written
   14  solicitation, must be placed conspicuously in the material with print no
   15  smaller than ten point bold face type or, alternatively, no smaller than
   16  the  size  print  used  for  the most number of words in the statements.
   17  Provided, however, such statement need not be made where the space for a
   18  printed advertisement or promotional time in any media has been  donated
   19  or  made  available  to  the charitable organization at no cost and such
   20  space or time does not reasonably permit inclusion  of  such  statement.
   21  THE ATTORNEY GENERAL SHALL MAKE SUCH REPORTS AVAILABLE ONLINE.
   22    S 2. This act shall take effect on the one hundred eightieth day after
   23  it shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD11068-01-5