Section 47-22-68.7 - Taxable expenditures prohibited to foundation.
47-22-68.7. Taxable expenditures prohibited to foundation. The corporation described in § 47-22-68.2 shall not make any taxable expenditure which would give rise to any liability for the tax imposed by section 4945(a) of the Internal Revenue Code.
Source: SL 1972, ch 244, § 2 (5).