Relating to the disclosure of certain financial information by certain nonprofit organizations that enter into sizeable contracts with political subdivisions.

SB 504 requires nonprofit organizations (including economic development corporations) that sign contracts worth over $500,000 with local governments (like cities, counties, or school districts) to disclose two specific financial details. They must provide their current operating budget and list any employee salaries exceeding twice the median salary of state employees. Local governments must then publish this information on their public websites. The bill excludes electric cooperatives, certain utility organizations, and water supply corporations from these requirements. This law aims to increase transparency around large nonprofit-government contracts.