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Senate Bill 70

Actions | Amendments

Legislative History
Last Action	04/09/24: signed by Governor (Acts Ch. 121)
Title	AN ACT relating to charitable donor intent protection.
Bill Documents	Current/Final Introduced
Bill Request Number	830
Sponsors	P. Wheeler, G. Boswell, S. Meredith, R. Mills, M. Nemes, J. Schickel, B. Storm
Summary of Enacted Version	Creates a new section of KRS Chapter 273 to define terms, to establish that charitable organizations that accept contributions pursuant to an endowment agreement must abide by the terms of the agreement, to establish that a donor or a donor’s legal representative may bring a civil action against a charitable organization that violates the terms of the agreement, to limit relief to declaratory and injunctive, and to prohibit seeking a judgment awarding monetary damages.
Summary of Original Version	Create a new section of KRS Chapter 273 to define terms; establish that charitable organizations that accept contributions pursuant to an endowment agreement must abide by the terms of the endowment agreement; establish that a donor or a donor's legal representative may bring a civil action against a charitable organization that violates the terms of the endowment agreement.
Index Headings of Original Version	Charitable Organizations and Institutions - Endowment agreements, donor restrictions, penalty for violation Civil Actions - Endowment agreements, donor restrictions, action to enforce Consumer Affairs - Charitable endowments, donor restrictions, action to enforce
Jump to Proposed Amendments	Senate Committee Substitute 1
Votes	Vote History

Actions

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01/04/24	introduced in Senate to Committee on Committees (S)
01/08/24	to Licensing & Occupations (S)
01/16/24	recommitted to Judiciary (S)
02/01/24	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/02/24	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Monday, February 05, 2024
02/05/24	3rd reading, passed 34-2 with Committee Substitute (1)
02/06/24	received in House to Committee on Committees (H)
03/05/24	to Judiciary (H)
03/06/24	reported favorably, 1st reading, to Calendar
03/07/24	2nd reading, to Rules
03/22/24	posted for passage in the Regular Orders of the Day for Monday, March 25, 2024
03/28/24	3rd reading, passed 80-14 enrolled, signed by President of the Senate enrolled, signed by Speaker of the House delivered to Governor
04/09/24	signed by Governor (Acts Ch. 121)

Proposed Amendments

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Amendment	Senate Committee Substitute 1
Summary	Retain original provisions, except delete restrictive language from the definition of "endowment fund;" direct that a civil action shall be limited to appropriate declaratory and injunctive relief and shall not seek a judgment awarding monetary damages.
Index Headings	Charitable Organizations and Institutions - Endowment agreements, donor restrictions, penalties Civil Actions - Endowment agreements, donor restrictions, remedies Consumer Affairs - Charitable endowments, donor restrictions, remedies

Last updated: 6/13/2024 7:47 AM (EDT)