H1642B1832A02527 MSP:CMD 10/04/21 #90 A02527
AMENDMENTS TO HOUSE BILL NO. 1642
Sponsor: REPRESENTATIVE LONGIETTI
Printer's No. 1832
Amend Bill, page 1, lines 11 through 14, by striking out all
of said lines and inserting
Section 1. The definitions of "economically disadvantaged
school," "educational improvement organization," "opportunity
scholarship organization," "pre-kindergarten scholarship
organization" and "scholarship organization" in section 2002-B
of the act of March 10, 1949 (P.L.30, No.14), known as the
Public School Code of 1949, are amended and the section is
amended by adding definitions to read:
Amend Bill, page 2, by inserting between lines 2 and 3
"Educational improvement organization." A nonprofit entity
which:
(1) is exempt from Federal taxation under section 501(c)
(3) of the Internal Revenue Code of 1986 (Public Law 99-514,
26 U.S.C. § 1 et seq.); and
(2) contributes at least [80%] 90% of its annual
receipts as grants to a public school, a chartered school as
defined in section 1376.1, or a private school approved under
section 1376, for innovative educational programs.
For purposes of this definition, a nonprofit entity
"contributes" its annual cash receipts when it expends or
otherwise irrevocably encumbers those funds for expenditure
during the then-current fiscal year of the nonprofit entity or
during the next succeeding fiscal year of the nonprofit entity.
A nonprofit entity shall include a school district foundation,
public school foundation, charter school foundation or cyber
charter school foundation.
Amend Bill, page 2, by inserting between lines 6 and 7
"Opportunity scholarship organization." A nonprofit entity
which:
(1) Is exempt from Federal taxation under section 501(c)
(3) of the Internal Revenue Code of 1986 (Public Law 99-514,
26 U.S.C. § 1 et seq.); and
(2) Contributes at least [80%] 90% of the entity's
annual cash receipts to an opportunity scholarship program.
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