SB3922 - Tennessee - School Boards

Companion Bill HB3794. School Boards - Creates exemption from requirements of the School Support Organization Financial Accountability Act for property that is pledged as collateral for a loan. - Amends TCA Title 49, Chapter 2, Part 6. Fiscal Summary for SB3922 / *HB3794MINIMAL Bill Summary for SB3922 / *HB3794 The School Support Organization Financial Accountability Act, which was passed by the general assembly in 2007 and is scheduled to take effect July 1, 2008, regulates school support organizations and school support organization funds. The Act provides that a school board, director of schools, school principal, or other school official or employee may not authorize a group or organization to use a school district's or school's name, mascot or logos, property or facilities for the raising of money, materials, property, or securities until a [...]

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