South Carolina General Assembly
121st Session, 2015-2016

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Indicates Matter Stricken
Indicates New Matter

H. 4524

STATUS INFORMATION

General Bill
Sponsors: Reps. Ryhal, Merrill, Chumley and Burns
Document Path: l:\council\bills\bbm\9392dg16.docx

Introduced in the House on January 12, 2016
Currently residing in the House Committee on Judiciary

Summary: Nonprofit organizations

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/3/2015  House   Prefiled
   12/3/2015  House   Referred to Committee on Judiciary
   1/12/2016  House   Introduced and read first time (House Journal-page 93)
   1/12/2016  House   Referred to Committee on Judiciary 
                        (House Journal-page 93)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/3/2015

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-1-130 SO AS TO REQUIRE A NONPROFIT ORGANIZATION TO PROVIDE CERTAIN FINANCIAL DISCLOSURES BEFORE RECEIVING A CONTRIBUTION OF FUNDS FROM A STATE AGENCY.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Chapter 1, Title 11 of the 1976 Code is amended by adding:

"Section 11-1-130.    Before a state agency makes a contribution of funds to a nonprofit organization, the organization must provide the state agency with an accounting of the manner in which the funds will be spent, a copy of the organization's adopted budget for the year in which the funds are accepted, and a copy of the organization's most recent operating financial statement. The State Auditor shall review and audit, if necessary, the financial structure and activities of each organization receiving contributions and make a report to the General Assembly of the review or audit, when requested to do so by the State Fiscal Accountability Authority. For purposes of this section, the procurement of goods or services is not considered a contribution of funds."

SECTION    2.    This act takes effect upon approval by the Governor.

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This web page was last updated on January 15, 2016 at 9:55 AM