| 1 | Representative(s) Pickens offered the following: |
| 2 |
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| 3 | Amendment to Amendment (092171) |
| 4 | Remove line(s) 716-739 and insert: |
| 5 | (l)(f) Must An eligible nonprofit scholarship-funding |
| 6 | organization that receives eligible contributions must provide |
| 7 | to the Auditor General and the Department of Education an annual |
| 8 | financial and compliance audit of its accounts and records |
| 9 | conducted by an independent certified public accountant and in |
| 10 | accordance with rules adopted by the Auditor General. The audit |
| 11 | must be conducted in compliance with generally accepted auditing |
| 12 | standards and must include a report on financial statements |
| 13 | presented in accordance with generally accepted accounting |
| 14 | principles set forth by the American Institute of Certified |
| 15 | Public Accountants for not-for-profit organizations and a |
| 16 | determination of compliance with the statutory eligibility and |
| 17 | expenditure requirements set forth in this section. Audits must |
| 18 | be provided to the Auditor General and the Department of |
| 19 | Education within 180 days after completion of the eligible |
| 20 | nonprofit scholarship-funding organization's fiscal year. |
| 21 | (m) Must prepare and submit quarterly reports to the |