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GA HB422
Bill
Status
Passed
5/3/2018
Primary Sponsor
Bill Hitchens
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AI Summary
- Authorizes the Veterans Service Board to establish the Georgia Veterans Service Foundation, Inc., as a 501(c)(3) nonprofit public foundation to seek supplemental funds, in-kind goods, services, and property to support Georgia's state war veterans' homes, veterans' cemeteries, and other Veterans Service Board purposes
- Governed by a 7-member board of directors appointed by the commissioner of veterans service (with Veterans Service Board approval), serving staggered 7-year terms; members must have honorably served at least 3 months in the U.S. armed forces or 2 years in a reserve or National Guard component
- Foundation officers (CEO, COO, CFO) must be drawn from Department of Veterans Service employees (excluding the commissioner) and serve without compensation, though they may be reimbursed for reasonable expenses
- Foundation debts shall not constitute state obligations, no governmental or regulatory functions may be conducted by the foundation, and it must maintain errors and omissions liability insurance of at least $1 million; private donations may not be used for Veterans Service Board salaries, benefits, or travel
- Foundation must publish an annual report identifying all donors, donation amounts, and expenditures, and provide this report along with all IRS filings to the Governor, Lieutenant Governor, Speaker of the House, and relevant legislative committee chairs
Legislative Description
Veterans Service, Department of; nonprofit corporation as a public foundation; authorize incorporation
Last Action
Effective Date
7/1/2018
Full Bill Text
No bill text available