Requires not-for-profit corporations have a board of directors which reflects the ethnic demographics of the communities that they serve to be able to receive state funds.
Summary
Bill S06030 aims to amend the not-for-profit corporation law in New York by requiring that certain not-for-profit corporations have a board of directors that reflects the ethnic demographics of the communities they serve. This requirement is tied to the acceptance of state funds, meaning that any not-for-profit seeking state financial support must comply with this demographic representation mandate. The bill intends to promote diversity and ensure that the governance of these organizations is representative of the populations they serve.
Impact
If enacted, this bill would significantly impact not-for-profit corporations across New York that rely on state funding. It would necessitate changes in board composition for many organizations, potentially leading to increased diversity in leadership roles. This could also influence how state funds are allocated and monitored, as compliance with the new requirement would likely be a condition for funding eligibility.
Sentiment
The general sentiment around Bill S06030 appears to be supportive among advocates for diversity and inclusion, as it aims to enhance representation within not-for-profit organizations. However, there may be concerns from some sectors about the feasibility of implementing such requirements and the implications for existing boards that do not currently meet these demographic standards.
Contention
Notable points of contention may arise from organizations that argue the bill could impose undue burdens on not-for-profits, particularly smaller organizations that may struggle to meet the new requirements. Critics may also express concerns about how 'ethnic demographics' are defined and measured, potentially leading to disputes over compliance. Proponents of the bill, however, argue that it is a necessary step toward equity and representation in governance.
Same As
Requires not-for-profit corporations have a board of directors which reflects the ethnic demographics of the communities that they serve to be able to receive state funds.
Requires not-for-profit corporations have a board of directors which reflects the ethnic demographics of the communities that they serve to be able to receive state funds.
Requires not-for-profit corporations have a board of directors which reflects the ethnic demographics of the communities that they serve to be able to receive state funds.
Exempts persons holding the offices of public health director and director of community services of St. Lawrence county from the requirement that such person be a resident of the political subdivision or municipal corporation of the state for which such person shall be chosen or within which such person's official functions are required to be exercised.
Exempts persons holding the offices of public health director and director of community services of St. Lawrence county from the requirement that such person be a resident of the political subdivision or municipal corporation of the state for which such person shall be chosen or within which such person's official functions are required to be exercised.
Requires the board of directors of a residential cooperative housing corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request.
Requires the board of directors of a residential cooperative housing corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request.
Creates a transparency database for contracted not-for-profit organizations; provides such database will include those that are in the process of being approved for contracts, that have received certificates of approval, are approved for contracts, have received renewal contracts, or have been the recipient of fully-executed contracts with the state of New York.
Prohibits non-physician organizations or their representatives to hold majority shares in or serve as directors of professional corporations organized to practice medicine.
Requires at least one director on a board of directors of a residential cooperative housing corporation be a primary resident of such residential cooperative housing corporation; prohibits the charging of payments, fees or charges by cooperative housing corporations without thirty days written notice to such cooperative housing corporation's shareholders.