Text: SF00162 Text: SF00164 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 22.7, Code 1999, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 38. Information which identifies an 1 4 individual making a contribution to a foundation as provided 1 5 in section 22.15, unless the foundation elects to disclose the 1 6 information. 1 7 Sec. 2. NEW SECTION. 22.15 FINANCIAL RECORDS 1 8 FOUNDATIONS. 1 9 1. As used in this section: 1 10 a. "Contribution" means a transfer of money, property, or 1 11 services, including but not limited to a loan, advance, grant, 1 12 or gift. 1 13 b. "Foundation" means any entity which is not a government 1 14 body, but which is established by statute or required by 1 15 statute to be organized under the laws of this state, 1 16 including under chapter 504A, in order to carry out a purpose 1 17 established by statute. 1 18 2. Information stored and preserved by a foundation which 1 19 relates to the financial condition or affairs of the 1 20 foundation, including but not limited to its budget, sources 1 21 of revenue, and expenditures, shall be considered a public 1 22 record, and the foundation shall be considered a governmental 1 23 body for purposes of allowing public examination, copying, 1 24 publishing, or disseminating of the information as provided 1 25 under this chapter. 1 26 If the source of revenue is an individual making a 1 27 contribution to the foundation, and the identity of the 1 28 individual is confidential information as provided in section 1 29 22.7, the foundation shall provide the information by 1 30 aggregating the amount of contributions made to the foundation 1 31 by all individuals. Upon request, the foundation shall 1 32 prepare an itemized statement listing the names of 1 33 contributors other than individuals and the types and amounts 1 34 of their contributions. 1 35 EXPLANATION 2 1 This bill provides that the financial records of 2 2 foundations which are established by statute or required by 2 3 statute to be organized under the laws of this state, in order 2 4 to carry out a purpose established by statute, are public 2 5 records under the open records law. The foundation must allow 2 6 public access to that information as if it were a government 2 7 body. 2 8 The bill provides that if the source of revenue is an 2 9 individual making a contribution to the foundation, and the 2 10 foundation protects the individual's confidentiality, the 2 11 foundation must provide the information by aggregating the 2 12 amount of contributions made to the foundation by all 2 13 individuals. Upon request, the foundation must prepare an 2 14 itemized statement listing the names of contributors other 2 15 than individuals and the types and amounts of their 2 16 contributions. 2 17 LSB 2224SS 78 2 18 da/gg/8
Text: SF00162 Text: SF00164 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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