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AZ HB2233
Bill
Status
2/3/2015
Primary Sponsor
Randall Friese
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AI Summary
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Amends Arizona law governing School Tuition Organization (STO) scholarships to clarify that organizations cannot award scholarships solely based on donor recommendations.
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Allows donors to recommend student beneficiaries, but requires STOs to consider donor recommendations among other factors rather than making recommendations the sole basis for awards.
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Requires STOs to consider the financial need of scholarship applicants when evaluating applications and awarding scholarships.
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Maintains existing requirement that STOs allocate at least 90 percent of annual revenue from contributions to educational scholarships or tuition grants.
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Continues prohibition on donors designating student beneficiaries as a condition of contributions and requires STOs to include notice to donors about these restrictions in solicitation materials and on their websites.
Legislative Description
STO scholarships; beneficiary recommendations
Last Action
Referred to House WM Committee
2/4/2015