S.B. 497 Summary

• Amends section 42F-103, Hawaii Revised Statutes to clarify grant application requirements for all organizations seeking state grants.

• Requires organizations to provide bylaws or policies describing grant-funded activities, a certificate of good standing from the Department of Commerce and Consumer Affairs, a tax clearance from the Department of Taxation, and proof of current real property tax payments if applicable.

• Requires nonprofit organizations to provide a copy of their IRS exemption ruling confirming 501(c)(3) tax-exempt status, proof of current compliance with section 467B-2.1 if applicable, and copies of their Form 990, 990-EZ, or 990-N filings for the prior two taxable years.

• Takes effect on July 1, 2050.