VACATE THE FORFEITURE OR REVOCATION OF THE CHARTER OF THE KANE-BARRENGOS FOUNDATION
Summary
H6086 is a special act that gives The Kane-Barrengos Foundation additional time to cure long-standing corporate filing defaults and restore its charter. The bill extends the deadline to December 31, 2025 for the foundation to file annual reports for a large number of prior years, from 1998 through 2025, and requires payment of the associated filing fees. It also requires the foundation to pay a compromise amount set by the attorney general as a penalty for the missed filings.
If the foundation completes those filings and payments by the deadline, the forfeiture or revocation of its charter is vacated and the corporation is restored to full legal status, with all privileges, powers, duties, and liabilities as if the forfeiture had never occurred. The act takes effect immediately upon passage.
Impact
The bill amends the legal status of a single nonprofit corporation by creating a one-time statutory mechanism to reverse charter forfeiture or revocation under Rhode Island corporate law. It affects the reporting and reinstatement provisions in Chapter 6 of Title 7 by allowing overdue annual reports and fees to be filed late, subject to a penalty compromise approved by the attorney general, and by restoring the corporation’s rights if the conditions are met.
Sentiment
The bill appears to have been noncontroversial and received unanimous support in the House, passing 70-0 on June 16, 2025. With no committee transcript available and no recorded opposition, the overall sentiment suggests routine legislative approval of a technical or remedial corporate reinstatement measure.
Contention
There is no recorded public committee debate or floor opposition in the materials provided. The only potential point of concern inherent in the bill is the extraordinary length of the filing delinquency—covering reports from 1998 through 2025—and the fact that reinstatement depends on a penalty compromise determined by the attorney general. Otherwise, the measure appears to be a narrow relief bill focused on one organization rather than a broader policy dispute.