New York Senate Bill S06030 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 6030 2025-2026 Regular Sessions  IN SENATE March 4, 2025 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the not-for-profit corporation law, in relation to requiring certain not-for-profit corporations have a board of direc- tors which reflects the ethnic demographics of the communities that they serve The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 701 of the not-for-profit corporation law is 2 amended by adding a new paragraph (c) to read as follows: 3 (c) No corporation shall accept state funds unless the board of direc- 4 tors of such corporation consists of directors which reflect the ethnic 5 demographics of the communities that such corporation serves. 6 § 2. This act shall take effect one year after it shall have become a 7 law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05802-01-5