September 16, 2004
California Legislature Approves Measure Opposed by Many of the State's Charities
The California Legislature has passed a controversial bill that would change the way many nonprofit organizations manage their finances and how they seek contributions within the state. Gov. Arnold Schwarzenegger has not said whether he will sign the bill into law. Many charities are urging him to veto the legislation.
The bill, based on recommendations by California Attorney General Bill Lockyer, is designed to tighten financial management and governance of charities and prevent
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