Regards non-private endowment funds, tax-exempt organizations

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill sets transparency and oversight standards for non‑private endowment funds held by tax‑exempt organizations. It authorizes the state to bring civil actions to recover any public money placed in those funds when the organization fails to meet federal tax reporting requirements. The auditor of state and the attorney general receive mandatory notifications and have defined timeframes to act.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• House Judiciary: H. B. No. 226, H. B. No. 302, S. B. No. 262, Sub. S. B. No. 61, Sub. S. B. No. 174, H. B. No. 509, H. B. No. 741, H. B. No. 720, H. B. No. 611, H. B. No. 528
  House Judiciary · May 13, 2026

History

1. Mar 4, 2026Referred to committee
2. Feb 25, 2026Introduced

Sponsors

• Tom Young · sponsor

Bill text

Opens the legislature’s own copy.

Similar bills in other states

Loading the map of where bills like this one were filed.

Topics

Share