House Bill 1385, also known as Senate Bill 1417, amends Tennessee Code Annotated, Title 49, to enhance transparency in the financial activities of school support organizations. The bill introduces a new subsection (b) to Section 49-2-609, which mandates that any school support organization, or any group claiming to be one, must submit an annual report detailing their receipts and expenditures to the Department of Education by July 1 each year. However, this requirement does not apply to booster clubs, parent teacher associations, parent teacher organizations, or parent teacher support associations.

Additionally, the bill requires the Department of Education to publish these reports for a minimum of three years from the submission date, ensuring that the financial activities of these organizations are accessible to the public. This legislation aims to promote accountability and transparency in the funding and financial management of school support organizations in Tennessee. The act will take effect upon becoming law, emphasizing the importance of public welfare in its implementation.

Statutes affected:
Introduced: 49-2-609