S119 - GSC Technical Corrections 2015, Sec. 56.5: Authority of Local Boards of Education to Establish Nonprofit Corporations (SL 2015-264)

Overview: Section 56.5 of S.L. 2015-264 gives local boards of education the authority to establish, control, and operate a nonprofit corporation that is created under Chapter 55A of the General Statutes and is a tax-exempt organization under the Internal Revenue Code to further their authorized purposes. The nonprofit corporation does not have regulatory or enforcement powers and cannot engage in partisan political activity or policy advocacy. Any local board of education that establishes a nonprofit corporation must make a report annually to the Joint Legislative Education Oversight Committee.

This section became effective October 1, 2015.