Senate Bill 1417 amends Tennessee Code Annotated, Title 49, to enhance transparency and accountability for school support organizations. The bill designates the existing language in Section 49-2-609 as subsection (a) and introduces a new subsection (b). This new provision requires school support organizations, as well as any group that raises funds while claiming to be a school support organization, to 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 mandates that the Department of Education publish the reports it receives for a minimum of three years from the submission date. This initiative aims to ensure that financial activities related to school support organizations are transparent and accessible to the public, thereby promoting responsible financial practices within educational funding. The act will take effect upon becoming law, emphasizing the importance of public welfare in its implementation.

Statutes affected:
Introduced: 49-2-609