Fla. Stat. 496.4055
Charitable organization or sponsor board duties

(1)

As used in this section, the term “conflict of interest transaction” means a transaction between a charitable organization or sponsor and another party in which a director, officer, or trustee of the charitable organization or sponsor has a direct or indirect financial interest. The term includes, but is not limited to, the sale, lease, or exchange of property to or from the charitable organization or sponsor; the lending of moneys to or borrowing of moneys from the charitable organization or sponsor; and the payment of compensation for services provided to or from the charitable organization or sponsor.

(2)

The board of directors, or an authorized committee thereof, of a charitable organization or sponsor required to register with the department under s. 496.405 shall adopt a policy regarding conflict of interest transactions. The policy shall require annual certification of compliance with the policy by all directors, officers, and trustees of the charitable organization. A copy of the annual certification shall be submitted to the department with the annual registration statement required by s. 496.405.

Source: Section 496.4055 — Charitable organization or sponsor board duties, https://www.­flsenate.­gov/Laws/Statutes/2024/0496.­4055 (accessed Aug. 7, 2025).

496.401
Short title 496.402
Legislative intent 496.403
Application 496.404
Definitions 496.405
Registration statements by charitable organizations and sponsors 496.406
Exemption from registration 496.407
Financial statement 496.409
Registration and duties of professional fundraising consultant 496.410
Registration and duties of professional solicitors 496.411
Disclosure requirements and duties of charitable organizations and sponsors 496.412
Disclosure requirements and duties of professional solicitors 496.413
Contributions solicited for or accepted on behalf of a named individual 496.414
Duties of commercial co-venturers 496.415
Prohibited acts 496.416
Violation as deceptive or unfair trade practice 496.417
Criminal penalties 496.418
Recordkeeping and accounting 496.419
Powers of the department 496.420
Civil remedies and enforcement 496.421
More stringent local provisions not preempted by ss 496.422
Duties of the Department of State 496.423
Public information 496.424
Rulemaking authority 496.425
Solicitation of funds within public transportation facilities 496.426
Registration and solicitation requirements 496.430
Disqualification from certain tax exemptions 496.4055
Charitable organization or sponsor board duties 496.4071
Supplemental financial disclosure 496.4072
Financial statements for specific disaster relief solicitations 496.4101
Licensure of professional solicitors and certain employees thereof 496.4121
Collection receptacles used for donations 496.4191
Additional penalty 496.4255
Public airport not required to grant permit or access

Current through Fall 2025

§ 496.4055. Charitable organization or sponsor board duties's source at flsenate​.gov