Bill Title: Allow Each School District Of The State To Create A 501(c)(3) Nonprofit Foundation To Accept Money, Property, And Other Gifts Donated To The District And To Raise Funds And Acquire Real And Personal Property On Behalf Of The District; To Provide For The Composition Of The Foundation; To Provide That Contributions And Funds Raised On Behalf Of The District May Be Used Only For Nonoperational Purposes; To Provide For The Naming Of Buildings And Other Special Projects Undertaken With Funds Provided By The Foundation After Benefactors Of The Foundation Upon Certain Conditions; And To Provide That Contributions Received By The Foundation Are Tax Deductible Charitable Or Benevolent Contributions For Income Tax Purposes.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-03-31 - Referred to Committee on Education and Public Works HJ-66 [H3828 Detail]

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Supplemental Documents

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