Bill Text: IN SB0263 | 2013 | Regular Session | Enrolled
Bill Title: Faith-based and community initiatives foundation.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Passed) 2013-05-13 - Public Law 187 [SB0263 Detail]
Download: Indiana-2013-SB0263-Enrolled.html
First Regular Session 118th General Assembly (2013)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
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SENATE ENROLLED ACT No. 263
AN ACT to amend the Indiana Code concerning state offices and administration.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 4-12-15; (13)SE0263.1.1. -->
SECTION 1. IC 4-12-15 IS ADDED TO THE INDIANA CODE AS
A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2013]:
Chapter 15. Faith-Based and Community Initiatives Subsidiary Corporation
Sec. 1. For purposes of this chapter, "office" refers to the office of faith-based and community initiatives initially established by Executive Order 05-16 and reestablished by Executive Order 13-16.
Sec. 2. (a) The office may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code, to solicit and accept private funding, gifts, donations, bequests, devises, and contributions.
(b) A subsidiary corporation established under this section:
(1) shall use money received under subsection (a) to carry out in any manner the purposes and programs of the office;
(2) shall report to the budget committee each year concerning:
(A) the use of money received under subsection (a); and
(B) the balances in any accounts or funds established by the subsidiary corporation; and
(3) may deposit money received under subsection (a) in an account or fund that is:
(A) administered by the subsidiary corporation; and
(B) not part of the state treasury.
(c) A subsidiary corporation established under this section is governed by a board of directors comprised of members appointed by the office.
(d) Employees of the office shall provide administrative support for a subsidiary corporation established under this section.
(e) The state board of accounts shall annually audit a subsidiary corporation established under this section.
Chapter 15. Faith-Based and Community Initiatives Subsidiary Corporation
Sec. 1. For purposes of this chapter, "office" refers to the office of faith-based and community initiatives initially established by Executive Order 05-16 and reestablished by Executive Order 13-16.
Sec. 2. (a) The office may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code, to solicit and accept private funding, gifts, donations, bequests, devises, and contributions.
(b) A subsidiary corporation established under this section:
(1) shall use money received under subsection (a) to carry out in any manner the purposes and programs of the office;
(2) shall report to the budget committee each year concerning:
(A) the use of money received under subsection (a); and
(B) the balances in any accounts or funds established by the subsidiary corporation; and
(3) may deposit money received under subsection (a) in an account or fund that is:
(A) administered by the subsidiary corporation; and
(B) not part of the state treasury.
(c) A subsidiary corporation established under this section is governed by a board of directors comprised of members appointed by the office.
(d) Employees of the office shall provide administrative support for a subsidiary corporation established under this section.
(e) The state board of accounts shall annually audit a subsidiary corporation established under this section.
SEA 263 _ Concur
Figure
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Graphic file number 0 named seal1001.pcx with height 58 p and width 72 p Left aligned
