STATE OF NEW YORK
________________________________________________________________________
7799--A
IN SENATE
June 10, 2014
___________
Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and
when printed to be committed to the Committee on Corporations, Author-
ities and Commissions -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend chapter 549 of the laws of 2013, amending the executive
law and other laws relating to reform of charitable organizations, in
relation to the effectiveness of certain provisions of such chapter
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 132 of chapter 549 of the laws of 2013, amending
2 the executive law and other laws relating to reform of charitable organ-
3 izations, is amended to read as follows:
4 § 132. This act shall take effect July 1, 2014, provided, however,
5 that the amendments to section 172-b of the executive law made by
6 section three of this act shall expire and be deemed repealed June 30,
7 2017; provided further that the amendments to section 172-b of the exec-
8 utive law made by section three-a of this act shall take effect July 1,
9 2017 and shall expire and be deemed repealed June 30, 2021; provided
10 further that the amendments to section 172-b of the executive law made
11 by section three-b of this act shall take effect July 1, 2021; provided
12 further that the amendments to paragraph (a) of section 713 of the not-
13 for-profit corporation law made by section seventy-three of this act
14 shall take effect January 1, 2015; provided further that paragraph (f)
15 of section 713 of the not-for-profit corporation law added by section
16 seventy-three of this act shall take effect January 1, 2016; provided
17 further that section seventy-two of this act and paragraph (b) of
18 section 8-1.9 of the estates, powers and trusts law as added by section
19 one hundred thirty of this act shall not be applicable until January 1,
20 2015 for any corporation or trust that had annual revenues of less than
21 10,000,000 dollars in the last fiscal year ending prior to January 1,
22 2014.
23 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15545-03-4
