Bill Text: NY S05286 | 2023-2024 | General Assembly | Introduced

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Bill Title: Prohibits a charitable organization from using any charitable donations that the charitable organization receives to make any sort of payment that arises as a term of a confidentiality agreement or closed settlement agreement.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed) 2024-05-16 - referred to governmental operations [S05286 Detail]

Download: New_York-2023-S05286-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5286

                               2023-2024 Regular Sessions

                    IN SENATE

                                      March 1, 2023
                                       ___________

        Introduced  by  Sen.  PARKER -- 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 prohibiting charitable
          organizations registered in the state of New York from using any char-
          itable donations for confidentiality agreements or  closed  settlement
          agreements

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The executive law is amended by adding a new section  172-g
     2  to read as follows:
     3    §  172-g.  Prohibits any charitable organization from using charitable
     4  donations for confidentiality agreements  or  closed  settlement  agree-
     5  ments.  1.  Any  charitable  organization registered in the state of New
     6  York shall be prohibited from using any  charitable  donation  that  the
     7  charitable organization receives to make any sort of payment that arises
     8  as a term of a confidentiality agreement or closed settlement agreement.
     9    2.  For  the  purposes of this section, "confidentiality agreement" or
    10  "closed settlement agreement" shall mean any private agreement or  court
    11  ordered   agreement  resolving  a  cause  of  action  which  limits  the
    12  possession, disclosure or dissemination of information about any part of
    13  the agreement.
    14    § 2. This act shall take effect immediately and shall apply to  agree-
    15  ments  and  proposed  agreements entered into on or after such effective
    16  date.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07590-01-3