SB 844
Charitable organizations; creating the Safeguarding Endowment Gifts Act; prohibiting certain use of funds by charitable organizations under certain circumstances. Effective date.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill establishes the Safeguarding Endowment Gifts Act to regulate how Oklahoma charitable organizations can use funds designated for endowments. Specifically, it prohibits these organizations from using endowment funds for certain purposes, such as lobbying or political activities. The bill aims to protect the integrity and intended use of charitable endowments by limiting how these funds can be spent. It also sets an effective date for the law’s implementation.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.