CHAPTER 19 NONPROFIT SCHOOL ORGANIZATIONS — REPORTS
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 shall include in its annual condition of education report a statewide summary of the expenditures and revenues submitted in accordance with this section.
Approved March 8, 2021
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