Illinois General Assembly - Bill Status for HB5479
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 Bill Status of HB5479  100th General Assembly


Short Description:  NOT FOR PROFIT CORP-GRADES

House Sponsors
Rep. Daniel J. Burke

Last Action
DateChamber Action
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
805 ILCS 105/Art. 14A heading new
805 ILCS 105/114.50 new
805 ILCS 105/114.55 new
805 ILCS 105/114.60 new
805 ILCS 105/114.65 new


Synopsis As Introduced
Amends the General Not For Profit Corporation Act of 1986. Provides that the Secretary of State shall establish a system for grading corporations organized under the Act on the basis of the corporation's cost of fundraising, administrative expenses, and expenses for services for the corporation's designated clientele. Requires corporations to report to the Secretary information necessary for grading the corporations. Establishes minimum criteria for grading, including the corporation's cost of fundraising disregarding corporation revenue derived from investment income, sales proceeds, program service revenue, and other revenue derived as a result of activity other than fundraising. Provides that corporations failing to meet a minimum score shall be deemed ineligible for grants made available through the expenditure of State funds. Requires the Secretary to post the grading results on the Secretary's website.

Actions 
DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Daniel J. Burke
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/21/2018HouseAssigned to State Government Administration Committee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee

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