Bill Text: IA SF406 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to the responsibilities of nonprofit corporations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-02 - Subcommittee: Dickey, Giddens, and Gruenhagen. S.J. 464. [SF406 Detail]
Download: Iowa-2023-SF406-Introduced.html
Senate
File
406
-
Introduced
SENATE
FILE
406
BY
COURNOYER
A
BILL
FOR
An
Act
relating
to
the
responsibilities
of
nonprofit
1
corporations.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
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S.F.
406
Section
1.
NEW
SECTION
.
504.305
Preferred
vendors.
1
A
corporation
incorporated
under
this
chapter
that
receives
2
moneys
from
the
state
or
a
political
subdivision,
as
defined
3
in
section
25B.3,
shall
adopt
a
performance-based
process
for
4
reviewing
and
ranking
preferred
vendors.
5
EXPLANATION
6
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
7
the
explanation’s
substance
by
the
members
of
the
general
assembly.
8
This
bill
relates
to
the
responsibilities
of
nonprofit
9
corporations.
The
bill
requires
a
nonprofit
corporation
10
incorporated
in
Iowa
that
receives
moneys
from
the
state
or
a
11
political
subdivision
to
adopt
a
performance-based
process
for
12
reviewing
and
ranking
preferred
vendors.
13
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