Relates to requirements associated with contracts between state agencies and not-for-profit organizations

Summary

The bill forces New York state agencies to issue an advance payment equal to a quarter of the total contract value to nonprofit partners within 30 days of signing, and to do the same for renewals or extensions. It also streamlines minor contract modifications, setting thresholds for comptroller review and mandating inclusion of small indirect costs, unless federal rules forbid them. The changes aim to improve cash flow for nonprofits and clarify budgeting procedures.

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