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MS SB2334
Bill
Status
2/1/2022
Primary Sponsor
Angela Burks Hill
Click for details
AI Summary
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Nonprofit free medical clinics receiving less than $1,000,000 in annual contributions may file a reviewed financial statement instead of a full audit with the Secretary of State
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The reduced filing requirement applies only to clinics whose fund-raising functions are carried on entirely by unpaid volunteers
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Reviewed financial statements must be prepared by an independent certified public accountant and signed by the organization's president or authorized officer under penalty of perjury
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Financial statements must include gross receipts from contributions, use of proceeds, and all forms filed with the IRS
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Effective date: July 1, 2022
Legislative Description
Nonprofit medical clinic; require financial statement filed with Secretary of State.
Last Action
Died In Committee
2/1/2022