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The Committee on Judiciary (Deutch) recommended the following

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amendment:

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     Senate Amendment

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     Delete line(s) 958-979

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and insert:

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501(c)(3) of the Internal Revenue Code of 1986, as amended, to

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another corporation which is exempt from federal income taxation

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under s. 501(c)(3) of the Internal Revenue Code of 1986, as

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amended. A loan made in violation of this section is a violation

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of a duty to the corporation of the directors or officers

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authorizing it or participating in it, but the obligation of the

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borrower with respect to the loan is shall not be affected

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thereby.

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     Section 24.  Subsection (1) of section 617.0834, Florida

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Statutes, is amended to read:

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     617.0834 Officers and directors of certain corporations and

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associations not for profit; immunity from civil liability.--

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     (1)  An officer or director of a nonprofit organization

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recognized under s. 501(c)(3) or s. 501(c)(4) or s. 501(c)(6) of

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the Internal Revenue Code of 1986, as amended, or of an

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agricultural or a horticultural organization recognized under s.

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501(c)(5), of the Internal Revenue Code of 1986, as amended, is

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not personally

3/31/2008  11:05:00 AM     JU.30.06133