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Home > About > News and Events > News > Field News > Governor Cuomo Signs Nonprofit Revitalization Act Into Law

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Governor Cuomo Signs Nonprofit Revitalization Act Into Law

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Dec 18, 2013
New York, NY
NYM

Attorney General Eric T. Schneiderman's Nonprofit Revitalization Act of 2013 was signed into law by Governor Andrew Cuomo on December 18, 2013, overhauling the laws governing New York's nonprofit sector for the first time in more than 40 years. The act will go into effect on July 1, 2014. The Nonprofit Revitalization Act includes substantial reforms that will cut red tape while enhancing governance and oversight of nonprofits.

The Attorney General’s bill will make New York competitive with other states in continuing to attract and nurture the most vibrant nonprofits in the world, and it will make New York a model for nonprofit governance and oversight.

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