The thinking was at the time that you now have public money. You should not have one director; you should have three, so you have better oversight of the organization.
We didn't want somebody to do a really good fundraising year and then dissolve and split that money between the members. It's public money. We're giving you a certain time period where you can't split it between the members on dissolution. You must turn it over to another organization. You've got public money. The public should be allowed to look at what your financial statements are to determine where the money's going. Are you buying corporate jets for the CEO of this not-for-profit to travel around the country, or are you taking the money and using it for your purpose? That was very much the thinking behind it. But it would be time limited.
If you are a soliciting corporation that is not a registered charity, because obviously the tax system will put an additional requirement on you, it would only last for three years.