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Senate Bill 70

Actions | Amendments

Last Action	04/09/24: signed by Governor
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 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

Top | Amendments

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

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: 4/22/2024 3:57 PM (EDT)