House File 386 - Enrolled
House File 386
AN ACT
STRIKING CERTAIN REPORTING REQUIREMENTS RELATED TO NONPROFIT
SCHOOL ORGANIZATIONS ESTABLISHED BY SCHOOL DISTRICTS.
4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 279.62, Code 2021, is amended to read as
2 follows:
3 279.62 Nonprofit school organizations.
4 The board of directors of a school district may take action
5 to adopt a resolution to establish, and authorize expenditures
6 for the operational support of, an entity or organization for
7 the sole benefit of the school district and its students that
8 is exempt from federal income taxation under section 501(c)(3)
9 of the Internal Revenue Code. The entity or organization
10 shall reimburse the school district for expenditures made by
11 the school district on behalf of the entity or organization.
12 Prior to establishing such an entity or organization, the board
13 of directors shall hold a public hearing on the proposal to
14 establish such an entity or organization. Such an entity or
15 organization shall maintain its records in accordance with
16 chapter 22, except that the entity or organization shall
17 provide for the anonymity of a donor at the written request
18 of the donor. The board of directors of a school district
19 shall annually report to the department of education and to
20 the local community the administrative expenditures, revenues,
21 and activities of the entity or organization established by
22 the school district pursuant to this section. The department
 House File 386, p. 2
23 shall include in its annual condition of education report a
24 statewide summary of the expenditures and revenues submitted in
25 accordance with this section.
______________________________ ______________________________
PAT GRASSLEY JAKE CHAPMAN
Speaker of the House President of the Senate
I hereby certify that this bill originated in the House and
is known as House File 386, Eighty-ninth General Assembly.
______________________________
MEGHAN NELSON
Chief Clerk of the House
Approved _______________, 2021 ______________________________
KIM REYNOLDS
Governor


Statutes affected:
Introduced: 279.62
Enrolled: 279.62