Relates to contracts between state agencies and not-for-profit organizations
SUBSTITUTED BY S9761
Summary
The bill sets new definitions, timelines and approval steps for contracts and renewal contracts between New York state agencies and not‑for‑profit organizations. It also establishes an interest‑free revolving loan fund, a 16‑member advisory committee, and tighter invoice‑payment procedures. The changes aim to streamline contracting, improve cash flow for nonprofits, and increase oversight.
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