House File 2217 - Introduced HOUSE FILE BY ROBERTS Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to standards for endow Iowa qualified community 2 foundations. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 6193YH 81 5 tm/cf/24 PAG LIN 1 1 Section 1. Section 15E.303, subsection 4, Code Supplement 1 2 2005, is amended to read as follows: 1 3 4. "Endow Iowa qualified community foundation" means a 1 4 community foundation organized or operating in this state that 1 5substantiallycomplies withthe nationalstandardsestablished 1 6 by the national council on foundations asdetermined by the 1 7 department in collaboration with the Iowa council of 1 8 foundations. The standards shall be substantially similar to 1 9 but not identical to standards established by the national 1 10 council on foundations. 1 11 EXPLANATION 1 12 This bill relates to standards for endow Iowa qualified 1 13 community foundations. 1 14 The bill provides that endow Iowa qualified community 1 15 foundations must comply with standards determined by the 1 16 department of economic development in collaboration with the 1 17 Iowa council of foundations. The bill requires the standards 1 18 to be substantially similar to but not identical to standards 1 19 established by the national council on foundations. 1 20 LSB 6193YH 81 1 21 tm:nh/cf/24