This bill amends the existing law regarding the Granite Patron of the Arts Fund by allowing the fund to accept donations and make expenditures under $50,000 without requiring prior approval. Specifically, it introduces new provisions that state donations equal to or greater than $50,000 must receive approval from the governor and executive council, while expenditures of the same amount, as well as those related to employees of the division, require approval from the governor, executive council, and the fiscal committee of the general court. Additionally, the bill mandates that quarterly expenditure reports be filed with the governor, executive council, and the fiscal committee.

The effective date of this act is set for 60 days after its passage. The fiscal note indicates that the bill will not have any fiscal impact on state, county, or local expenditures or revenue. Overall, the bill aims to streamline the process for smaller transactions while maintaining oversight for larger donations and expenditures.

Statutes affected:
Introduced: 6:12
As Amended by the Senate: 19-A:9
SB633 text: 6:12