,,ii #aah? ,,congress #a/ ,session ,s4 #bifd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #bh 7legislative day1 ,septemb] #bb71 #bjbc,mr4 ,c>d9 7= himself & ,mr4 ,braun7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ! ,judici>y ,a ,,bill ,to am5d title #cf1 ,unit$ ,/ates ,code1 to grant a ,f$]al *>t] to ! ,vet]ans ,association ( ,real ,e/ate ,pr(essionals1 & = o!r purposes4 #a4 ,grant ( ,f$]al *>t] to ,vet]ans ,association ( ,real ,e/ate ,pr(essionals 7a7 ,grant ( *>t] ,"p ,b ( subtitle ,,ii ( title #cf1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ aft] *apt] #bbjg ! foll[+ new *apt]3 #bbii ,vet]ans ,association ( ,real ,e/ate ,pr(essionals ,sec4#bbiija4 ,organization4#bbiijb4 ,purposes4#bbiijc4 ,memb]%ip4#bbiijd4 ,gov]n+ body4#bbiije4 ,p[]s4#bbiijf4 ,re/rictions4#bbiijg4 ,tax-exempt /atus requir$ z condition ( *>t]4#bbiijh4 ,records & inspection4#bbiiji4 ,s]vice ( process4#bbiiaj4 ,liability = acts ( (fic]s & ag5ts4#bbiiaa4 ,annual report4#bbiiab4 ,/ate def9$4 #bbiija4 ,organization 7a7 ,f$]al *>t] ,! ,vet]ans ,association ( ,real ,e/ate ,pr(essionals 79 ?is *apt] ref]r$ to z ! corporation71 a nonpr(it organization t meets ! requirem5ts = a vet]ans s]vice organization "u section #eja7;c77#ai7 ( ! ,int]nal ,rev5ue ,code ( #aihf & is organiz$ "u ! laws ( ! ,/ate ( ,cali=nia1 is a f$]ally *>t]$ corporation4 7b7 ,expiration ( *>t] ,if ! corporation does n comply ) ! provisions ( ?is *apt]1 ! *>t] grant$ by ?is *apt] expires4 #bbiijb4 ,purposes ,! purposes ( ! corporation are ^? provid$ 9 its articles ( incorporation & include ! foll[+3 7#a7 ,to organize z a vet]ans s]vice organization to ma9ta9 a cont9u+ int]e/ 9 ! welf>e ( vet]ans by-- 7,a7 advocat+ = & increas+ su/a9able home[n]%ip2 7,b7 provid+ f9ancial lit]acy education1 7,c7 spread+ aw>5ess ( h\s+ loans gu>ante$ by ! ,secret>y ( ,vet]ans ,affairs2 & 7,d7 increas+ economic opportunities = memb]s ( ! ,arm$ ,=ces & vet]ans4 7#b7 ,to e/abli% facilities = ! assi/ance ( all vet]ans1 ) programs reg>d+ topics includ+ ! foll[+3 7,a7 f9ancial lit]acy 7includ+ und]/&+ cr$it72 7,b7 work=ce developm5t2 7,c7 small bus9ess incubation & m5tor%ip2 7,d7 education reg>d+ h\s+1 includ+ homelessness prev5tion1 r5tal c\nsel+1 =eclosure prev5tion1 & af=dable h\s+ opportunities2 & 7,e7 suicide aw>5ess & prev5tion4 7#c7 ,to provide a =um = real e/ate & f9ancial s]vice pr(essionals to %>e ideas1 le>n1 & be emp[]$ to bett] s]ve ! real e/ate ne$s ( memb]s ( ! ,arm$ ,=ces1 vet]ans1 _! families1 & o!rs4 7#d7 ,to collaborate ) organizations 9 ! real e/ate & f9ancial s]vices sector to support employm5t (1 & economic & bus9ess developm5t =1 vet]ans4 #bbiijc4 ,memb]%ip ,eligibility = memb]%ip 9 ! corporation1 & ! rights & privileges ( memb]s ( ! corporation1 are z provid$ 9 ! articles & bylaws ( ! corporation4 #bbiijd4 ,gov]n+ body 7a7 ,bo>d ( directors ,! composition ( ! bo>d ( directors ( ! corporation1 & ! responsibilities ( ! bo>d1 are z provid$ 9 ! articles ( incorporation & bylaws ( ! corporation4 7b7 ,(fic]s ,! positions ( (fic]s ( ! corporation1 & ! election ( ! (fic]s1 are z provid$ 9 su* articles ( incorporation & bylaws4 #bbiije4 ,p[]s ,! corporation has only ^? p[]s provid$ 9 its bylaws & articles ( incorporation fil$ 9 ! ,/ate 9 :i* x is incorporat$4 #bbiijf4 ,re/rictions 7a7 ,/ock & divid5ds ,! corporation may n issue /ock or decl>e or pay a divid5d4 7b7 ,di/ribution ( income or assets ,! income or assets ( ! corporation may n inure to ! b5efit (1 or be di/ribut$ to1 a director1 (fic]1 or memb] ( ! corporation dur+ ! life ( ! *>t] grant$ by ?is *apt]4 ,?is subsection %all n prev5t ! paym5t ( reasonable comp5sation to an (fic] or employee ( ! corporation1 or reimbursem5t = actual necess>y exp5ses1 9 am\nts approv$ by ! bo>d ( directors ( ! corporation4 7c7 ,political activities ,! corporation 7or an (fic] ( ! corporation1 9 ! c\rse ( act+ 9 su* capacity7 may n contribute to1 support1 or p>ticipate 9 any political activity4 7d7 ,loans ,! corporation may n make a loan to a director1 (fic]1 employee1 or memb] ( ! corporation4 7e7 ,claim ( gov]nm5tal approval or au?ority ,! corporation may n claim congressional approval1 or ! au?ority ( ! ,unit$ ,/ates1 = any ( its activities4 7f7 ,corporate /atus ,! corporation %all ma9ta9 its /atus z a corporation incorporat$ "u ! laws ( ! ,/ate ( ,cali=nia4 #bbiijg4 ,tax-exempt /atus requir$ z condition ( *>t] ,if ! corporation fails to ma9ta9 its /atus z an organization exempt f taxation "u ! ,int]nal ,rev5ue ,code ( #aihf1 ! *>t] grant$ by ?is *apt] %all t]m9ate4 #bbiijh4 ,records & inspection 7a7 ,records ,! corporation %all keep-- 7#a7 correct & complete records ( acc\nt2 7#b7 m9utes ( ! proce$+s ( ! memb]s1 bo>d ( directors1 & committees ( ! corporation hav+ any ( ! au?ority ( ! bo>d ( directors2 7#c7 at ! pr9cipal (fice ( ! corporation1 a record ( ! names & addresses ( memb]s ( ! corporation entitl$ to vote on matt]s relat+ to ! corporation2 & 7#d7 ! ,/ate *>t] docum5ts1 bylaws1 & articles ( incorporation available to ! public on an easily accessible website ( ! corporation4 7b7 ,inspection ,a memb] entitl$ to vote on any matt] relat+ to ! corporation1 or an ag5t or attorney ( ! memb]1 may inspect ! records ( ! corporation = any prop] purpose1 at any reasonable "t4 #bbiiji4 ,s]vice ( process ,! corporation %all comply ) ! law ( s]vice ( process ( ! ,/ate 9 :i* x is incorporat$ & ea* ,/ate 9 :i* x op]ates4 #bbiiaj4 ,liability = acts ( (fic]s & ag5ts ,! corporation is liable = ! acts ( its (fic]s & ag5ts act+ )9 ! scope ( _! au?ority4 #bbiiaa4 ,annual report ,! corporation %all submit to ,congress an annual report on ! activities ( ! corporation dur+ ! prec$+ fiscal ye>4 ,! report %all be submitt$ at ! same "t z ! report ( ! audit requir$ by section #ajaja ( ?is title4 ,! report may n be pr9t$ z a public docum5t4 #bbiiab4 ,/ate def9$ ,= purposes ( ?is *apt]1 ! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 or a t]ritory or possession ( ! ,unit$ ,/ates4 4 7b7 ,cl]ical am5dm5t ,! table ( *apt]s at ! beg9n+ ( title #cf1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ aft] ! item relat+ to *apt] #bbjg ! foll[+ new item3 #bbii4 ,vet]ans ,association ( ,real ,e/ate ,pr(essionals#bbiija 4