House
File
386
-
Enrolled
House
File
386
AN
ACT
STRIKING
CERTAIN
REPORTING
REQUIREMENTS
RELATED
TO
NONPROFIT
SCHOOL
ORGANIZATIONS
ESTABLISHED
BY
SCHOOL
DISTRICTS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
279.62,
Code
2021,
is
amended
to
read
as
follows:
279.62
Nonprofit
school
organizations.
The
board
of
directors
of
a
school
district
may
take
action
to
adopt
a
resolution
to
establish,
and
authorize
expenditures
for
the
operational
support
of,
an
entity
or
organization
for
the
sole
benefit
of
the
school
district
and
its
students
that
is
exempt
from
federal
income
taxation
under
section
501(c)(3)
of
the
Internal
Revenue
Code.
The
entity
or
organization
shall
reimburse
the
school
district
for
expenditures
made
by
the
school
district
on
behalf
of
the
entity
or
organization.
Prior
to
establishing
such
an
entity
or
organization,
the
board
of
directors
shall
hold
a
public
hearing
on
the
proposal
to
establish
such
an
entity
or
organization.
Such
an
entity
or
organization
shall
maintain
its
records
in
accordance
with
chapter
22
,
except
that
the
entity
or
organization
shall
provide
for
the
anonymity
of
a
donor
at
the
written
request
of
the
donor.
The
board
of
directors
of
a
school
district
shall
annually
report
to
the
department
of
education
and
to
the
local
community
the
administrative
expenditures,
revenues,
and
activities
of
the
entity
or
organization
established
by
the
school
district
pursuant
to
this
section
.
The
department
House
File
386,
p.
2
shall
include
in
its
annual
condition
of
education
report
a
statewide
summary
of
the
expenditures
and
revenues
submitted
in
accordance
with
this
section
.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
JAKE
CHAPMAN
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