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Bill > HB2836


OR HB2836

OR HB2836
Relating to statements of economic interest.


summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
06/27/2025

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: Requires the heads of nonprofits to file a SEI if the nonprofit got at least $1 million in state funds or spoke to the legislature about getting state funds in the last five years. Requires the heads of businesses to file a SEI if the business got at least $1 million in state funds in the last five years. (Flesch Readability Score: 63.6). Requires a statement of economic interest to be filed by all members of the board of directors or governing body of a nonprofit that has either received or submitted testimony to the Legislative Assembly requesting $1 million or more in state capital construction funding over the previous five years. Requires a statement of economic interest to be filed by all members of the board of directors or governing body of any business that has received $1 million or more in state capital construction funding over the previous five years.

AI Summary

This bill expands the requirements for filing a Statement of Economic Interest (SEI) to include board members of certain nonprofits and businesses that have received significant state funding. Specifically, the bill mandates that every member of the board of directors or governing body of a nonprofit that is tax-exempt under section 501(c) of the Internal Revenue Code must file an SEI if the organization has either received or requested at least $1 million in state capital construction funding over the previous five calendar years. Similarly, every member of the board of directors or governing body of a business that has received $1 million or more in state capital construction funding over the same period must also file an SEI. The new requirements will apply to state capital construction funding received or requested on or after the effective date of the act. An SEI is a document that requires individuals in public or quasi-public roles to disclose potential financial conflicts of interest, and in this case, the bill is expanding the scope of who must file such a statement to increase transparency in organizations receiving substantial state funding.

Sponsors (1)

Last Action

In committee upon adjournment. (on 06/27/2025)

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