Text: HSB00030 Text: HSB00032 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 22.15 FINANCIAL RECORDS –
1 2 FOUNDATIONS.
1 3 1. As used in this section:
1 4 a. "Contribution" means a transfer of money, property, or
1 5 services, including but not limited to a loan, advance, grant,
1 6 or gift.
1 7 b. "Foundation" means an entity which is not a government
1 8 body, but which is established by or pursuant to statute or
1 9 recognized by statute and which has as a purpose providing
1 10 support to an institution governed by chapter 173, 256, 260C,
1 11 or 262.
1 12 c. "Personal information" means information which would
1 13 identify individual contributors or potential individual
1 14 contributors who have specifically requested confidentiality.
1 15 2. Information, other than personal information, stored
1 16 and preserved by a foundation which relates to the financial
1 17 condition or affairs of the foundation, including but not
1 18 limited to its budget, sources of revenue, and expenditures,
1 19 shall be considered a public record, and the foundation shall
1 20 be considered a governmental body for purposes of allowing
1 21 public examination, copying, publishing, or disseminating of
1 22 the information as provided under this chapter. A record
1 23 containing personal information shall not be made public until
1 24 the personal information is redacted. In identifying revenue
1 25 sources, a foundation shall provide information concerning
1 26 contributions received from individuals by a statement
1 27 aggregating the amount of contributions made to the foundation
1 28 by all individuals during the time period covered by the
1 29 statement. In identifying revenue sources from contributions
1 30 received from entities other than individuals, the foundation
1 31 shall provide, upon request, an itemized statement listing the
1 32 name of the entity, and the type and amount of contribution
1 33 received or pledged during the time period covered by the
1 34 statement. Personal information obtained prior to the
1 35 effective date of this Act shall be considered confidential as
2 1 if confidentiality had been specifically requested at the time
2 2 that the information was obtained.
2 3 EXPLANATION
2 4 This bill amends Code chapter 22, the public records law,
2 5 by adding a new section which provides that financial records
2 6 of foundations which are established by or pursuant to statute
2 7 for the support of the Iowa state fair board, board of
2 8 regents, department of education, and the community colleges,
2 9 are public records under Code chapter 22. The bill provides
2 10 that these foundations must allow public access to information
2 11 the same as a government body and is subject to all other
2 12 provisions of chapter 22 except as those general provisions
2 13 inconsistent with the new section. The bill also provides
2 14 that information that would reveal the identity of an
2 15 individual contributor or potential individual contributor to
2 16 a foundation, is not public information if the individual
2 17 requests confidentiality. The bill also provides that
2 18 individuals who made contributions prior to the effective date
2 19 of this bill shall be accorded confidentiality as if
2 20 confidentiality had been specifically requested at the time
2 21 the contribution was made. Contributions made by entities
2 22 other than individuals are public information and foundations
2 23 are required to itemize such contributions by name of the
2 24 entity, and type and amount of contribution.
2 25 LSB 1683HC 79
2 26 av/pj/5
Text: HSB00030 Text: HSB00032 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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