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GA SB427
Bill
Status
Passed
5/24/2010
Primary Sponsor
William Jackson
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AI Summary
- Establishes the Georgia Foundation for Public Education as a public corporation and state instrumentality, attached to the Department of Education for administrative purposes, with the purpose of soliciting and accepting monetary and in-kind contributions to support educational excellence in Georgia
- Specifically directs the foundation to support the Georgia Academy for the Blind, Georgia School for the Deaf, and Atlanta Area School for the Deaf, with at least two board members required to represent the interests of students who are blind or deaf
- Governed by a board of 5 to 15 directors appointed by the State School Superintendent and the State Board of Education at a ratio of three superintendent appointees for every two board appointees, with bylaws subject to the Superintendent's approval
- Exempts the foundation from state and local taxation, state purchasing laws, property disposal requirements, and the Georgia Administrative Procedure Act, and grants it full investment discretion under the prudent person rule with authority to roll over unused funds
- Upon dissolution, all foundation assets revert in trust to the State Board of Education for the sole benefit of the Department of Education and the three listed schools for blind and deaf students
Legislative Description
Georgia Foundation for Public Education; establish; provide for membership, powers, duties, purpose
Last Action
Effective Date
7/1/2010
Committee Referrals
Education3/18/2010
Education and Youth2/17/2010
Full Bill Text
No bill text available