BILL · 1997–98 SESSION

SB 5068: Charitable trust registratn

Regulating registration of charitable trusts.

Summary

  • Charitable trustees must register with the Secretary of State if (a) the trust holds assets for income producing purposes exceeding a threshold value to be established by the Secretary by rule; (b) all or part of the principal or income of the trust can or must currently be expended for charitable purposes; and, (c) the trust is not required to distribute its assets within one year.

From the Senate Bill Report (SB 5068), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 13, 1997
  2. Out of committee
  3. Passed SenateMar 5, 1997
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Pam Roach (R-31)
Introduced
January 13, 1997 in the Senate
Last action
February 12, 1998
Requested by
State agency
Companion bill
HB 1196

Sponsors

Prime sponsor: Pam Roach (R-31)

3 co-sponsors (1 Democrat, 2 Republicans)

Votes

Senate · Final Passage

March 5, 1997
Version voted on: SB 5068
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat21002
Republican25001
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5068 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page