By Dutton                                             H.B. No. 2830
       74R4502 CLG-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to certain forms filed by private foundations.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Chapter 9, Title 32, Revised Statutes, is amended
    1-5  by adding Article 1408 to read as follows:
    1-6        Art. 1408.  PRIVATE FOUNDATIONS:  FORMS.  (a)  A private
    1-7  foundation incorporated in this state or whose principal office is
    1-8  located in this state shall file with the office of the attorney
    1-9  general a copy of the foundation's Internal Revenue Service Form
   1-10  990, or any successor to that form, when the private foundation
   1-11  files the form with the Internal Revenue Service.
   1-12        (b)  In this section, "private foundation" has the meaning
   1-13  assigned by Section 509(a) of the Internal Revenue Code of 1986.
   1-14        SECTION 2.  This Act takes effect September 1, 1995.
   1-15        SECTION 3.  The importance of this legislation and the
   1-16  crowded condition of the calendars in both houses create an
   1-17  emergency and an imperative public necessity that the
   1-18  constitutional rule requiring bills to be read on three several
   1-19  days in each house be suspended, and this rule is hereby suspended.