Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB4103 by Weber (Relating to management committees of certain nonprofit corporations.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would allow a committee designated by the board of directors of a religious institution to be composed entirely of non-directors when authorized by the corporation's certificate of formation or bylaws. The bill would be effective September 1, 2009.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.