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GA HB497
Bill
Status
Introduced
2/25/2015
Primary Sponsor
Valencia Stovall
Click for details
AI Summary
- Department of Administrative Services must offer surplus state property to charitable institutions at no charge before disposing of it through other authorized means, provided the conveyance substantially serves the public interest consistent with the Georgia Constitution
- Eligible charitable institutions are redefined as nonprofit tax-exempt entities providing services in Georgia that have existed for at least two years and employ no more than 15 full-time staff; public corporations are removed as eligible recipients
- Total fair market value of surplus property received by any single charitable institution is capped at $2,000 per fiscal year
- Charitable institutions may not sell or convey received property within one year without written consent from the Department of Administrative Services; if sold within that period, the department supervises the sale at public outcry and retains all proceeds
- If a charitable institution loses its nonprofit tax-exempt status within five years of receiving surplus property, the property must be conveyed back to the state unless the Department of Administrative Services grants an exception
Legislative Description
Surplus state property; offer property to charitable institutions at no charge prior to disposition by other means in certain instances; provide
Last Action
House Committee Favorably Reported By Substitute
2/4/2016
Full Bill Text
No bill text available