Bill Text: IA SF2129 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A bill for an act authorizing the establishment of a philanthropy account within an agency fund established by a school corporation. (Formerly SF 2006.)
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2014-03-11 - Passed subcommittee. [SF2129 Detail]
Download: Iowa-2013-SF2129-Introduced.html
Senate
File
2129
-
Introduced
SENATE
FILE
2129
BY
COMMITTEE
ON
EDUCATION
(SUCCESSOR
TO
SF
2006)
A
BILL
FOR
An
Act
authorizing
the
establishment
of
a
philanthropy
account
1
within
an
agency
fund
established
by
a
school
corporation.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
5374SV
(2)
85
je/sc
S.F.
2129
Section
1.
Section
298A.13,
Code
2014,
is
amended
to
read
1
as
follows:
2
298A.13
Trust,
permanent,
or
agency
funds.
3
1.
Trust,
permanent,
or
agency
funds
shall
be
established
4
by
any
school
corporation
to
account
for
gifts
it
receives
to
5
be
used
for
a
particular
purpose
or
to
account
for
money
and
6
property
received
and
administered
by
the
district
as
trustee
7
or
custodian
or
in
the
capacity
of
an
agent.
Boards
may
8
establish
trust,
permanent,
or
agency
funds
as
necessary.
9
2.
The
board
of
directors
of
a
school
corporation
may
10
establish
a
philanthropy
account
within
an
agency
fund
to
11
account
for
proceeds
of
a
philanthropic
fundraiser
approved
12
by
the
board.
To
establish
a
philanthropy
account,
the
13
board
shall
establish
the
public
purpose
for
organizing
the
14
fundraiser
and
shall,
by
resolution,
authorize
the
fundraiser
15
for
the
specific
philanthropic
purpose
and
for
a
specific
time
16
period.
The
board
shall
ensure
that
all
materials
relating
17
to
the
fundraiser
clearly
identify
the
philanthropic
purpose
18
for
which
the
school
corporation
will
use
the
excess
of
the
19
proceeds
raised
over
the
costs
of
the
fundraiser.
Fundraisers
20
shall
not
involve
professional
or
commercial
fundraisers
21
and
shall
not
include
solicitation
of
grants.
The
board
22
may
establish
more
than
one
philanthropy
account
but
shall
23
ensure
that
each
account
separately
identifies
the
assets
24
and
liabilities
related
to
a
separate
philanthropic
purpose
25
approved
by
the
board.
A
philanthropy
account
shall
consist
26
only
of
voluntary
donations
raised
by
the
students
or
school
27
corporation
employees
for
a
specified
philanthropic
purpose
28
approved
by
the
board.
A
school
corporation
shall
provide,
29
upon
request
and
without
cost
to
the
requesting
party,
30
financial
disclosure
information
concerning
contributions
31
received
and
disbursements
for
a
philanthropy
account
that
is
32
the
subject
of
the
request.
For
purposes
of
this
section,
33
“philanthropic
purpose
”
means
an
educational,
charitable,
34
humane,
scientific,
public
health
or
welfare,
environmental,
35
-1-
LSB
5374SV
(2)
85
je/sc
1/
3
S.F.
2129
disaster
relief,
or
other
similar
objective
defined
in
1
department
of
education
rules.
The
philanthropic
purposes
2
for
which
moneys
in
an
account
may
be
used
shall
be
limited
3
to
public
purposes
that
are
related
to
a
student
or
students
4
enrolled
in
the
school
corporation
and
their
families,
to
5
the
school
corporation,
to
the
community
in
which
the
school
6
corporation
is
located,
or
to
a
nonprofit
organization
operated
7
exclusively
for
the
purposes
set
forth
in
section
501(c)(3)
8
of
the
Internal
Revenue
Code
and
that
are
eligible
to
receive
9
donations
from
a
school
corporation
in
accordance
with
this
10
subsection
and
department
of
education
rules.
However,
such
11
a
nonprofit
organization
shall
not
be
a
political,
religious,
12
athletic,
postsecondary,
or
similar
organization.
The
school
13
corporation
shall
obtain
written
permission
from
a
nonprofit
14
organization
prior
to
using
its
name
in
materials
relating
to
15
the
fundraiser.
16
EXPLANATION
17
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
18
the
explanation’s
substance
by
the
members
of
the
general
assembly.
19
This
bill
authorizes
the
board
of
directors
of
a
school
20
corporation
to
establish
a
philanthropy
account
within
a
school
21
district’s
agency
fund
established
under
Code
section
298A.13
22
to
account
for
proceeds
of
a
board-approved
philanthropic
23
fundraiser.
The
board
must
establish
a
public
purpose
for
24
organizing
such
a
fundraiser.
Such
a
fundraiser
must
carry
25
out
a
philanthropic
purpose.
The
bill
provides
procedures
and
26
requirements
for
a
board
to
establish
an
account.
The
bill
27
provides
limitations
on
eligible
fundraisers
and
on
the
types
28
of
moneys
for
which
use
of
an
account
is
permitted.
29
The
bill
defines
“philanthropic
purpose”
as
an
educational,
30
charitable,
humane,
scientific,
public
health
or
welfare,
31
environmental,
disaster
relief,
or
other
similar
objective
32
defined
in
department
of
education
rules.
The
philanthropic
33
purposes
for
which
moneys
in
an
account
may
be
used
shall
be
34
limited
to
public
purposes
that
are
related
to
a
student
or
35
-2-
LSB
5374SV
(2)
85
je/sc
2/
3
S.F.
2129
students
enrolled
in
the
school
corporation
and
their
families,
1
to
the
school
corporation,
to
the
community
in
which
the
2
school
corporation
is
located,
or
to
a
tax-exempt
nonprofit
3
organization
that
is
eligible
to
receive
donations
from
a
4
school
corporation
in
accordance
with
the
bill
and
department
5
of
education
rules.
6
-3-
LSB
5374SV
(2)
85
je/sc
3/
3