Senate Bill 1417 amends Tennessee Code Annotated, Section 49-2-609, by designating the existing language as subsection (a) and adding a new subsection (b). This new subsection requires school support organizations, as well as any group or organization that raises funds while claiming to be a school support organization, to submit an annual detailed report of 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. The act is set to take effect upon becoming law, emphasizing the importance of transparency and accountability in the financial activities of school support organizations.

Statutes affected:
Introduced: 49-2-609