TN HB3323

Legislative Description

As enacted, authorizes formation of a broad-based school foundation, subject to certain conditions, by a school or its administrators or supporters; authorizes school foundations, although not in existence for at least five years, to be 501(c)(3) organizations for purposes of the Tennessee Charitable Gaming Implementation Law; removes requirement that 501(c)(3) organizations wanting to conduct an annual event to raise no more than $5,000 be in existence for five years; extends certain deadline for 2011-2012 annual event period. - Amends TCA Title 3, Chapter 17; Title 49, Chapter 2 and Title 49, Chapter 3.

Lottery, Charitable

Last Action

Committee Referrals