Finally, there is now progress in getting financial assistance for larger nonprofits. The Federal Reserve has proposed extending its Main Street lending program to 501(c)(3) and 501(c)(19) nonprofits. The Main Street program proposal targets small and medium-sized businesses, and the proposed expansion would offer loans to small and medium-sized nonprofits that were in sound financial […]
Last week – the final week of May 2020 – was full of policy decisions and developments, setting the stage for more to come.
Last Wednesday, the annual Department of Legislative Services (DLS) briefing to the Spending Affordability Committee and the fiscal committees took place in Annapolis. This event is viewed by many as the real start of the legislative season.
Late last year, the U.S. Department of Labor (DOL) circulated a proposed new rule on Overtime Pay. We believe the existing standard is outdated and must be adjusted, but Maryland Nonprofits needs to know if you feel the proposed rule would have negative effects on nonprofits.