continued “Nonprofit organizations are the backbone of many services throughout the North Country,” Assemblywoman Janet Duprey, R-Peru, said. “The taxpayers simply could not afford to provide all of the services to thousands of people who benefit from the various agencies. I was pleased to vote for the Nonprofit Revitalization Act, which amends several outdated sections of several current laws. While increasing oversight to prevent fraud, the bill also reduces unnecessary requirements which should ultimately lower the cost of doing business, allowing more money to go to direct services.”
New York’s nonprofit sector generates hundreds of billions of dollars in annual revenue and is responsible for one in seven jobs, according to Schneiderman’s office. The bill will make New York a more attractive destination for nonprofit organizations and a model for governance and oversight.
The bill overwhelmingly passed both houses of the Legislature in June. It has since been returned to the Assembly and is awaiting Cuomo’s signature.