N.Y. PBA Law § 2799-OOOO
This is the official text of N.Y. PBA Law § 2799-OOOO, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.
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Not-for-profit grant distribution
Official statutory text
§ 2799-oooo. Not-for-profit grant distribution. 1. The corporation is\nauthorized to provide financial assistance in the form of grants to\nnot-for-profit corporations that provide direct services or benefits to\nthe residents of Roosevelt Island, the totality of such grants not to\nexceed three per centum per annum of the operating budget of the\ncorporation, and upon the approval of a majority of the entire board of\nthe corporation.\n 2. Annually, within ninety days after the end of the fiscal year of\nthe corporation, the corporation shall post a report on its website that\nshall list and identify each grant recipient in such fiscal year, the\namount provided to each recipient, and a general description of the\npublic benefit of each grant.\n
Status: in_force · Read it on the official government site
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