HOUSE BILL 643
Improper state corporations
CORPORATIONS – Amends and adds to existing law to provide that the state shall not act as the incorporator of a corporation and to establish provisions regarding the reformation or disassociation of certain corporations.
RS31483 / H0643
This legislation ensures accountability to the laws passed by the legislature and receipt and expenditure of state moneys by prohibiting the state from creating a corporation or acting as the incorporator of any corporation that is not expressly authorized by the legislature through the enactment of general laws. It is not a violation for the state to create or to authorize the creation of an independent public body politic and corporate that is created in statute to carry out a public purpose, devoid of any private party with a right of control or management, or which lacks any potential for private parties to change the fundamental structure or public purpose of the entity as provided in the statute that created it.
| Date | Description |
|---|---|
| 02/23 | Introduced, read first time, referred to JRA for Printing |
| 02/26 | Reported Printed and Referred to State Affairs |