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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