as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to state government; imposing certain
disclosure requirements on nonprofit organizations
that receive a grant or a direct appropriation from
the state; proposing coding for new law in Minnesota
Statutes, chapter 16A.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) This section applies to a nonprofit organization that
receives a direct appropriation of state funds or that receives
a grant of state funds, if during the period covered by the
appropriation or grant an officer or employee of the
organization will receive a salary from the nonprofit
organization or a related organization that exceeds the salary
of the governor. As a condition of receiving the direct
appropriation or grant, a nonprofit organization covered by this
section must agree that any written solicitation seeking
contributions to the organization will include a list of the
total compensation of the three highest-paid directors,
officers, or employees of the organization and its related
organizations.
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(b) For purposes of this section:
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(1) "contribution" and "solicitation" have the meanings
given in section 309.50;
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(2) "nonprofit organization" includes a corporation,
partnership, limited partnership, limited liability company,
joint venture, cooperative, association, or trust, wherever
incorporated, organized, or registered, if the organization is
organized on a nonprofit basis;
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(3) "related organization" has the meaning defined in
section 317A.011, subdivision 18; and
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(4) "total compensation" means salaries, fees, bonuses,
fringe benefits, severance payments, and deferred compensation.
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Section 1 is effective July 1, 2005, and applies to grant
agreements entered into and to appropriations received after
that date.
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