Relating to nonprofit corporations that receive public funds; declaring an emergency.

Requires nonprofit corporations that meet certain requirements, including a receipt of public funds, to comply with open meetings law and public records law, to post a copy of the corporation's proposed annual budget to the corporation's public website and to submit to and cooperate with an audit. Subjects members of a corporation's board of directors and officers and employees of a corporation to government ethics standards. Applies the provisions of the Act to corporations over a 15-year period, with required compliance during the period depending on the proportion of the budget or revenues of the corporation that comes from public funds.