Nev. Admin. Code § 388D.050 - Annual financial statement of registered scholarship organization; notice of ineligibility or ceasing to exist; disclosure of certain financial records
Each scholarship organization that is registered with the Department pursuant to NAC 388D.030 shall:
1. Not more than 180 days after the
conclusion of the fiscal year of the scholarship organization, submit to the
Department a copy of an audited or compiled financial statement of the
scholarship organization prepared by an independent certified public
accountant.
2. If the scholarship
organization no longer meets the qualifications prescribed by law to
participate in the Nevada Educational Choice Scholarship Program as a
scholarship organization or ceases to exist, notify the Department of Education
within 30 days. Upon receiving such notification, the Department of Education
will update the directory maintained pursuant to NAC
388D.070 and notify the
Department of Taxation.
3. Within
72 hours after receiving notice from the Superintendent of Public Instruction
or his or her designee, make any financial records of the scholarship
organization or records concerning a pupil maintained by the scholarship
organization available to the Superintendent or his or her designee for
inspection during regular business hours.
Notes
NRS 388D.270
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