AN ACT TO VACATE THE FORFEITURE OR REVOCATION OF THE CHARTER OF THE KANE-BARRENGOS FOUNDATION

2025 Regular Session Introduced by Karen Alzate and 2 co-sponsors

Vacates the Kane-Barrengos Foundation’s charter forfeiture if it files all delinquent reports and pays required fees and a compromise amount by December 31, 2025, restoring full co

07/05/2025 Effective without Governor's signature

Purpose

This bill provides one-time, corporation‑specific legislative relief to The Kane‑Barrengos Foundation by vacating a forfeiture or revocation of its corporate charter if the foundation meets specified filing and payment conditions by a set deadline. It is private/special legislation that restores the foundation’s corporate status as if the forfeiture or revocation had never occurred.

Key provisions

Identifies The Kane‑Barrengos Foundation (incorporated July 16, 1969).

Extends the time within which the foundation may file delinquent corporate reports for the years 1998 through 2025 (inclusive) to December 31, 2025.

Conditions for vacating the forfeiture/revocation:

The foundation must file, in the Secretary of State’s office before December 31, 2025, all reports it failed to file for the covered years.
The foundation must pay the required filing fees to the Secretary of State.
Before filing those reports, the foundation must pay to the General Treasurer — for the use of the state — an amount that the Attorney General determines should be paid as a compromise for the penalty or penalties resulting from the failure to file.

Legal effect upon compliance: once the reports are filed and the required payments made, the forfeiture or revocation of the charter is vacated and the corporation “shall thereupon be entitled to all of the privileges, benefits and powers and subject to the same duties and liabilities as though no forfeiture or revocation of its said charter had taken place.”

Effective date: the act takes effect upon passage.

Who is affected

Directly: The Kane‑Barrengos Foundation (restoration of corporate status contingent on compliance).

State officials: Secretary of State (receives filings and fees), General Treasurer (receives compromised penalty payment), Attorney General (determines amount of the compromise payment).

Indirectly: the foundation’s donors, creditors, employees, grantees, and beneficiaries who may be affected by the foundation’s ability to transact, hold property, enter contracts, or receive grants after reinstatement.

Procedural / timeline notes

Deadline for compliance: December 31, 2025.

Legislative actions (selected):

Introduced in House: March 14, 2025 (House Corporations).
Committee recommendation for passage: April 8, 2025.
House passed: June 16, 2025.
Senate concurrence/consent calendar: June 20, 2025.
Transmitted to Governor: June 27, 2025.
Effective without Governor’s signature: July 5, 2025.

Practical impact and limitations

Restores the foundation’s corporate rights and obligations retroactively to the time of forfeiture, enabling normal corporate operations if the statutory conditions are met.

The act provides relief only if the foundation files the specified delinquent reports and pays the fees and the compromise amount determined by the Attorney General by the stated deadline.

The act addresses administrative forfeiture/revocation and compromise of related filing penalties; it does not by itself resolve other legal liabilities, regulatory violations, or third‑party claims that may exist.

Bill