Text: SF00005 Text: SF00007 Text: SF00000 - SF00099 Text: SF 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 262.
1 11 c. "Personal information" means information which would
1 12 identify individual contributors or potential individual
1 13 contributors who have specifically requested confidentiality.
1 14 2. Information, other than personal information, stored
1 15 and preserved by a foundation which relates to the financial
1 16 condition or affairs of the foundation, including but not
1 17 limited to its budget, sources of revenue, and expenditures,
1 18 shall be considered a public record, and the foundation shall
1 19 be considered a governmental body for purposes of allowing
1 20 public examination, copying, publishing, or disseminating of
1 21 the information as provided under this chapter. A record
1 22 containing personal information shall not be made public until
1 23 the personal information is redacted. In identifying revenue
1 24 sources, a foundation shall provide information concerning
1 25 contributions received from individuals by a statement
1 26 aggregating the amount of contributions made to the foundation
1 27 by all individuals during the time period covered by the
1 28 statement. In identifying revenue sources from contributions
1 29 received from entities other than individuals, the foundation
1 30 shall provide, upon request, an itemized statement listing the
1 31 name of the entity, and the type and amount of contribution
1 32 received or pledged during the time period covered by the
1 33 statement. Personal information obtained prior to the
1 34 effective date of this Act shall be considered confidential as
1 35 if confidentiality had been specifically requested at the time
2 1 that the information was obtained.
2 2 EXPLANATION
2 3 This bill amends Code chapter 22, the public records law,
2 4 by adding a new section which provides that financial records
2 5 of foundations which are established by or pursuant to statute
2 6 for the support of the board of regents are public records
2 7 under Code chapter 22. The bill provides that these
2 8 foundations must allow public access to information the same
2 9 as a government body and is subject to all other provisions of
2 10 Code chapter 22. The bill also provides that information that
2 11 would reveal the identity of an individual contributor or
2 12 potential individual contributor to a foundation, is not
2 13 public information if the individual requests confidentiality.
2 14 The bill also provides that individuals who made contributions
2 15 prior to the effective date of the bill shall be accorded
2 16 confidentiality as if confidentiality had been specifically
2 17 requested at the time the contribution was made.
2 18 Contributions made by entities other than individuals are
2 19 public information and foundations are required to itemize
2 20 such contributions by name of the entity, and type and amount
2 21 of contribution.
2 22 LSB 1246XS 80
2 23 ec/pj/5
Text: SF00005 Text: SF00007 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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