00RS HB444


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HB 444/FN (BR 1660) - J. Barrows

     AN ACT relating to charitable community foundations.
     Amend KRS 65.1575 relating to charitable community foundations to include all boards of education in the definition of "local government"; define "nonprofit organization" as an organization incorporated under KRS Chapter 273 and exempt under Section 501(c)(3) of the Internal Revenue Code; allow a local government to contribute to a nonprofit organization exempt under Section 501(c)(3) of the Internal Revenue Code for the development and operation of a community center or recreational facilities; require nonprofit organizations that receive a gift from a local government to maintain financial records; allow nonprofit organizations to be organized as to allow appointment to its board of directors by the local government.


     HCS - Retain original provisions of bill, but specify that contributions to charitable foundations shall include appropriations from local governments, and that the contributions shall be for public and charitable objectives, rather than just charitable objectives.

     Jan 24-introduced in House
     Jan 25-to Local Government (H); posted in committee
     Feb 3-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 4-2nd reading, to Rules
     Feb 7-posted for passage in the Regular Orders of the Day for Tuesday, February 8, 2000
     Feb 8-3rd reading, passed 95-0 with Committee Substitute
     Feb 9-received in Senate
     Feb 14-to Appropriations and Revenue (S)
     Mar 21-taken from committee Appropriations and Revenue (S); laid on clerk's desk; 1st reading, to Calendar
     Mar 22-2nd reading, to Rules; recommitted to Appropriations and Revenue (S)

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