California Governor Signs Controversial Charity Bill

California Governor Signs Controversial Charity Bill: "California Governor Signs Controversial Charity Bill
By Grant Williams

California Gov. Arnold Schwarzenegger has signed a controversial bill that would change the way many nonprofit organizations manage their finances and how they seek contributions within the state. The legislation takes effect on January 1, 2005.

The bill, which was based on recommendations by California Attorney General Bill Lockyer, was designed to tighten financial management and governance of charities and prevent fund-raising abuses by nonprofit organizations."