SB1417 amends Tennessee education funding laws by requiring annual financial reports from school support organizations.
SB1417 amends Tennessee Code Annotated, Title 49, to mandate that school support organizations and groups claiming to be such must submit annual financial reports to the Department of Education by July 1. These reports detail the organizations' receipts and expenditures. Exceptions apply to booster clubs, parent teacher associations, parent teacher organizations, and parent teacher support associations. The Department of Education must then publish these reports for at least three years. The act takes effect immediately upon becoming law.
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