Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                        CHAPTER 75--H.F.No. 1079
           An act relating to social and charitable organizations;
          including planning and developing costs as fund 
          raising costs; amending Minnesota Statutes 1982, 
          section 309.50, subdivision 12. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Minnesota Statutes 1982, section 309.50, 
subdivision 12, is amended to read: 
    Subd. 12.  "Fund raising costs" means costs determined to 
be fund raising by generally accepted accounting principles. 
    Expenses incurred in planning or developing a fund raising 
campaign, regardless of whether the expenses are incurred 
before, during, or after that campaign, constitute fund raising 
costs.  
    Sec. 2.  [EFFECTIVE DATE.] 
    Section 1 is effective the day following final enactment. 
    Approved April 29, 1983