43-1604. Annual report; posting

359 words·~2 min read·/az/title-43/43-1604

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. On or before September 30 of each year, each school tuition organization shall report electronically to the department, in a form prescribed by the department, the following information, separately compiled and identified for the purposes of sections 43-1089 and 43-1089.03:

1. The name, address and contact person of the school tuition organization.

2. The total number of contributions received during the previous fiscal year.

3. The total dollar amount of contributions received during the previous fiscal year.

4. The total number of children awarded educational scholarships or tuition grants during the previous fiscal year.

5. The total dollar amount of:

(a)Educational scholarships and tuition grants distributed during the previous fiscal year.

(b)Money being held for identified students' scholarships and tuition grants in future years.

6. The cost of audits pursuant to section 43-1605 paid during the fiscal year.

7. The total dollar amount of educational scholarships and tuition grants awarded during the previous fiscal year to:

(a)Students whose family income meets the economic eligibility requirements established under the national school lunch and child nutrition acts (42 United States Code sections 1751 through 1793) for free or reduced-price lunches.

(b)Students whose family income exceeds the threshold prescribed by subdivision

(a)of this paragraph but does not exceed one hundred eighty-five percent of the economic eligibility requirements established under the national school lunch and child nutrition acts (42 United States Code sections 1751 through 1793) for free or reduced-price lunches.

8. For each school to which educational scholarships or tuition grants were awarded:

(a)The name and address of the school.

(b)The number of educational scholarships and tuition grants awarded during the previous fiscal year.

(c)The total dollar amount of educational scholarships and tuition grants awarded during the previous fiscal year.

9. The names, job titles and annual salaries of the three employees who receive the highest annual salaries from the school tuition organization.

B. The department shall post on its website a report of the information it receives pursuant to subsection A of this section on or before March 31 of the calendar year following the year in which the information is received.