Gift Ban - 6 of 25

Incorrect answer:

NO. Even though NASL is a nonprofit entity, you may not accept the gift of airfare, hotel accommodations, and registration since NASL receives more than 5% of its funding from for-profit sources is INCORRECT.

While one of the exceptions to the Amendment 41 gift ban contemplates payment by a nonprofit entity of the expenses associated with attendance at a conference if that entity receives less than 5% of its funding from for-profit sources, IEC PS 10-01 from the Independent Ethics Commission provides that, if a state pays dues to a government exchange organization that are invoiced expressly to cover travel and other expenses for attendance at their events, then the state has provided lawful consideration and acceptance of the payment to attend the event is permissible, even if the overall funding of the nonprofit entity exceeds the 5% limit from for-profit sources.

The information on this page is presented as an informational service only and should not be relied upon as an official record of action or legal position of the State of Colorado, the Colorado General Assembly, or the Office of Legislative Legal Services.