Bill
Bill > A00634
NY A00634
NY A00634Requires tax exempt organizations to report on moneys spent on judgments and settlements regarding harassment, assault or abuse allegations against its officers, directors, employees, agents and trustees.
summary
Introduced
01/09/2017
01/09/2017
In Committee
01/03/2018
01/03/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to amend the estates, powers and trusts law and the executive law, in relation to requiring not-for-profit and exempt organizations and trustees to report annually whether or not moneys were spent to pay judgments or settle accusations related to harassment, assault or abuse allegedly committed by officers, directors, employees or agents of the organizations or trustees The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill requires tax-exempt organizations, including not-for-profit organizations and charitable organizations, to report annually whether they spent any funds to satisfy judgments or settlements related to allegations of sexual harassment, sexual assault, or child abuse committed by their officers, directors, employees, or agents. The organizations must file a disclosure statement with the Attorney General, and failure to do so will result in the same fines and penalties as failing to file the organization's annual financial report. The bill also allows the Attorney General to promulgate any necessary rules and regulations for the implementation of the act.
Committee Categories
Justice
Sponsors (2)
Last Action
referred to judiciary (on 01/03/2018)
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