State Library Updates FAQ on the Non-Profit Revitalization Act of 2013 and Libraries

The New York State Library recently updated the Frequently Asked Questions (FAQ) on its Non-Profit Revitalization Act of 2013 webpage.

The newest question is:

“Are public and association libraries and library systems subject to the financial reporting and auditing requirements outlined in the Non-Profit Revitalization Act of 2013?”  

To see the answer, please click on the link below and then click on “Frequently Asked Questions.”

http://www.nysl.nysed.gov/libdev/trustees/coi-wb.htm

Questions about the Non-Profit Revitalization Act of 2013 and libraries and library systems may be referred to Karen Balsen, Library Development Specialist, Division of Library Development, New York State Library at Karen.balsen@nysed.gov , to your State Library regional liaison http://www.nysl.nysed.gov/libdev/ldroster.htm#threers or to your public library system.  Karen Balsen is the Team Leader for Library Development’s Outreach, Networking and Regional Liaison Team.