AN ACT TO PROVIDE GREATER ACCOUNTABILITY FOR NONPROFIT ENTITIES THAT RECEIVE PUBLIC FUNDING. Summarized in Daily Bulletin 3/31/11, 5/16/11, 5/19/11, and 6/28/12. Enacted July 12, 2012. Effective October 1, 2012.
ACCOUNTABILITY FOR PUBLICLY FUNDED NONPROFITS.
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View NCGA Bill Details | 2011-2012 Session |
TO PROVIDE GREATER ACCOUNTABILITY FOR NONPROFIT ENTITIES THAT RECEIVE PUBLIC FUNDING.Intro. by Justice, Sager, Stevens, West.
Bill History:
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Wed, 30 Mar 2011 House: Filed
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Thu, 31 Mar 2011 House: Passed 1st Reading
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Thu, 31 Mar 2011 House: Ref To Com On Finance
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Wed, 13 Apr 2011 House: Withdrawn From Com
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Wed, 13 Apr 2011 House: Re-ref Com On Judiciary Subcommittee A
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Mon, 16 May 2011 House: Reptd Fav Com Substitute
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Mon, 16 May 2011 House: Cal Pursuant Rule 36(b)
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Wed, 18 May 2011 House: Placed On Cal For 5/19/2011
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Thu, 19 May 2011 House: Amend Adopted 1
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Thu, 19 May 2011 House: Amend Adopted 2
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Thu, 19 May 2011 House: Passed 2nd & 3rd Reading
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Thu, 19 May 2011 House: Ordered Engrossed
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Fri, 20 May 2011 Senate: Rec From House
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Mon, 23 May 2011 Senate: Passed 1st Reading
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Mon, 23 May 2011 Senate: Ref To Com On Finance
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Tue, 26 Jun 2012 Senate: Withdrawn From Com
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Tue, 26 Jun 2012 Senate: Re-ref Com On Rules and Operations of the Senate
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Thu, 28 Jun 2012 Senate: Reptd Fav Com Substitute
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Thu, 28 Jun 2012 Senate: Com Substitute Adopted
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Thu, 28 Jun 2012 Senate: Placed On Cal For 6/28/2012
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Thu, 28 Jun 2012 Senate: Amend Adopted 1
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Thu, 28 Jun 2012 Senate: Amend Adopted 2
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Thu, 28 Jun 2012 Senate: Passed 2nd & 3rd Reading
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Thu, 28 Jun 2012 House: Rec From Senate
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Fri, 29 Jun 2012 House: Rec To Concur S Com Sub
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Fri, 29 Jun 2012 House: Rec To Concur In S Amend 1& 2
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Fri, 29 Jun 2012 House: Cal Pursuant Rule 36(b)
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Fri, 29 Jun 2012 House: Placed On Cal For 7/2/2012
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Mon, 2 Jul 2012 House: Concurred In S Amend 1 & 2
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Mon, 2 Jul 2012 House: Concurred In S/Com Sub
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Mon, 2 Jul 2012 Ratified
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Tue, 3 Jul 2012 Pres. To Gov. 7/3/2012
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Thu, 12 Jul 2012 Signed By Gov. 7/12/2012
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Thu, 12 Jul 2012 Ch. SL 2012-169
Bill Summaries:
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Summary date: Jul 17 2012 - View Summary
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Bill H 572 (2011-2012)Summary date: Jun 28 2012 - View Summary
Senate committee substitute makes the following change to 3rd edition. Changes the effective date to October 1, 2012 (was, October 1, 2011).
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Bill H 572 (2011-2012)Summary date: Jun 28 2012 - View Summary
Senate amendments make the following changes to 4th edition. Amendment #1 makes technical and clarifying changes. Amendment #2 makes the financial statement requirement in proposed GS 55A-16-24 apply to corporations receiving over $5,000 of public funding in a year (previously applied to corporations receiving any amount).
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Bill H 572 (2011-2012)Summary date: May 19 2011 - View Summary
House amendments make the following changes to 2nd edition. Amendment #1 amends proposed GS 55A-16-24 by including corporations that receive in-kind donations within the scope of the act. Requires a corporation to provide a link on its public website to the website maintained by the other public entity if the corporation complies with the statute by posting the required materials on a website established by another entity. Provides the following exceptions to the reporting requirement: (1) a corporation required to report to the North Carolina Medical Care Commission of the Department of Health and Human Services; (2) a corporation required to report to the Local Government Commission of the Department of State Treasurer; and (3) a private college that meets the definition of institution under GS 116-22 and is required to report to the state under GS 143C-6-23. Requires these excepted corporations to provide certain information on their websites. Makes a technical change.
Amendment #2 amends proposed GS 55A-16-24 to clarify that an entity may not charge a fee (was, may not charge a fee or require website registration) to access the information that the entity posts for the nonprofit corporation.
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Bill H 572 (2011-2012)Summary date: May 16 2011 - View Summary
House committee substitute makes the following changes to 1st edition. Amends proposed GS 55A-16-24 to clarify that a corporation receiving any public grants or loans from a local government, the state, or the federal government must provide annual financial statements to any member of the public, and must provide the most recently completed and filed Internal Revenue Service Form 990, excepting information not required for public disclosure under federal law. Provides that in addition to maintaining these documents on its public website, a corporation may comply with these provisions by having such materials posted on a website established and maintained by another entity, as long as the entity does not charge a fee or require website registration to access the information.
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Bill H 572 (2011-2012)Summary date: Mar 31 2011 - View Summary
Enacts new GS 55A-16-24 to provide that a nonprofit corporation that receives any public grants or loans from a local government, the state, or the federal government must provide to any member of the public, on written demand, (1) its latest financial statements, which must be substantively similar to reports required by GS 55A-16-20 and also contain details about the amount of public funds received and how they were used and (2) a copy of its most recent Internal Revenue Service Form 990. A corporation may comply by maintaining these documents on its public Web site. Effective October 1, 2011, and applicable to nonprofit corporations receiving public funding in the form of grants or loans on or after that date.