NRS 388D.286 Scholarship organization to provide financial statement to Department; notification of Department of certain circumstances preventing scholarship organization from participation in Program; inspection of certain records.
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NRS 388D.286 Scholarship organization to provide financial statement to Department; notification of Department of certain circumstances preventing scholarship organization from participation in Program; inspection of certain records. Each scholarship organization that is registered with the Department of Education pursuant to NRS 388D.282 shall:
1. Not more than 180 days after the conclusion of the fiscal year of the scholarship organization, submit to the Department of Education a copy of an audited or compiled financial statement of the scholarship organization prepared by an independent certified public accountant.
2. If the scholarship organization no longer meets the qualifications prescribed by law to participate in the Nevada Educational Choice Scholarship Program as a scholarship organization or ceases to exist, notify the Department within 30 days. Upon receiving such notification, the Department of Education shall update the directory maintained pursuant to NRS 388D.292 and notify the Department of Taxation.
3. Within 72 hours after receiving notice from the Superintendent of Public Instruction or his or her designee, make any financial records of the scholarship organization or records concerning a pupil maintained by the scholarship organization available to the Superintendent or his or her designee for inspection during regular business hours.