The bill amends Section 22-6-15 of the General Laws in Chapter 22-6, titled "Committees and Staff," by inserting a requirement for the General Assembly to annually appropriate necessary funds to implement the provisions of §§ 22-6-10 — 22-6-14, as well as the newly added § 22-6-16. This new section mandates that any nonprofit entity seeking state grants or funding must provide a detailed disclosure of the ten highest paid salaries, costs, and benefits for its directors, officers, and employees. Additionally, the nonprofits must disclose other funding sources, including fundraising activities and endowments.

The bill aims to enhance transparency regarding nonprofit funding and compensation, ensuring that the General Assembly and the public are informed about how state funds are allocated and the financial practices of these organizations. The act will take effect immediately upon passage.

Statutes affected:
5454: 22-6-15