IN SB0187

Legislative Description

Donations to educational foundations. Reenacts a provision (which expired in 2012) that authorizes a school corporation to donate up to $25,000 per year from any fund of the school corporation from which the donation may be legally made to a public school endowment corporation or nonprofit charitable community foundation if the donation is matched by a private donor. Specifies that the principal and income from the donation shall be distributed only to the school corporation as directed by resolution of the governing body of the school corporation, and that the school corporation may use the distributions for supplies, services, or

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