First Regular Session H.B. 2483
PROPOSED AMENDMENT
SENATE AMENDMENTS TO H.B. 2483
(Reference to House engrossed bill)
Page 1, line 33, after the period strike remainder of line
Strike lines 34 and 35
Line 36, strike "general pursuant to section 41-1279.03, subsection A, paragraph 9."
Page 2, after line 26, insert:
"Sec. 2. Section 43-1503, Arizona Revised Statutes, is amended to read:
43-1503. Operational requirements for school tuition organizations
A. A certified school tuition organization must be established to receive contributions from taxpayers for the purposes of income tax credits under sections 43‑1183 and 43‑1184 and insurance premium tax credits under sections 20‑224.06 and 20‑224.07 and to pay educational scholarships or tuition grants to allow students to attend any qualified school of their parents' or custodians' choice.
B. To be eligible for certification and retain certification, the school tuition organization:
1. Must allocate at least ninety per cent percent of its annual revenue from contributions made for the purposes of sections 20‑224.06, 20‑224.07, 43‑1183 and 43‑1184 for educational scholarships or tuition grants.
2. Shall not limit the availability of educational scholarships or tuition grants to only students of one school.
3. Must allow the department of revenue to verify that the educational scholarships and tuition grants that are issued are awarded to students who attend a qualified school.
4. Must not knowingly collude with any other school tuition organization to circumvent the limits of section 43-1504, subsection C.
5. Shall include on the organization's website, if one exists, the percentage and total dollar amount of educational scholarships and tuition grants awarded during the previous fiscal year to:
(a) Students whose family income meets the economic eligibility requirements established under the national school lunch and child nutrition acts (42 United States Code sections 1751 through 1785) for free or reduced‑price lunches.
(b) Students whose family income exceeds the threshold prescribed by subdivision (a) of this paragraph but does not exceed one hundred eighty-five percent of the economic eligibility requirements established under the national school lunch and child nutrition acts (42 United States Code sections 1751 through 1785) for free or reduced‑price lunches.
Sec. 3. Section 43-1506, Arizona Revised Statutes, is amended to read:
43-1506. Annual report
On or before September 30 of each year, each school tuition organization shall report electronically to the department, in a form prescribed by the department, the following information, separately compiled and identified for the purposes of sections 20‑224.06, 20‑224.07, 43‑1183 and 43‑1184:
1. The name, address and contact person of the school tuition organization.
2. The total number of contributions received during the previous fiscal year.
3. The total dollar amount of contributions received during the previous fiscal year.
4. The total number of children awarded educational scholarships or tuition grants during the previous fiscal year.
5. The total dollar amount of:
(a) Educational scholarships and tuition grants distributed during the previous fiscal year.
(b) Money being held for identified students' scholarships and tuition grants in future years.
6. The cost of audits pursuant to section 43‑1507 paid during the fiscal year.
7. The percentage and total dollar amount of educational scholarships and tuition grants awarded during the previous fiscal year to:
(a) Students whose family income meets the economic eligibility requirements established under the national school lunch and child nutrition acts (42 United States Code sections 1751 through 1785) for free or reduced‑price lunches.
(b) Students whose family income exceeds the threshold prescribed by subdivision (a) of this paragraph but does not exceed one hundred eighty-five percent of the economic eligibility requirements established under the national school lunch and child nutrition acts (42 United States Code sections 1751 through 1785) for free or reduced‑price lunches.
7. 8. For each school to which educational scholarships or tuition grants were awarded:
(a) The name and address of the school.
(b) The number of educational scholarships and tuition grants awarded during the previous fiscal year.
(c) The total dollar amount of educational scholarships and tuition grants awarded during the previous fiscal year.
8. 9. The names, job titles and annual salaries of the three employees who receive the highest annual salaries from the school tuition organization."
Amend title to conform
STEVE YARBROUGH |