receive scholarship grants pursuant to this paragraph in the previous fiscal year; (c) a copy of a compilation, review, or compliance audit of the organization’s financial statements, conducted by a certified public accounting firm; and (d) a certification by the independent school that it meets the definition of an eligible school as that term is defined in subsection (A)(1) and that the report is true, accurate, and complete under penalty of perjury in accordance with Section 16910. (3) Any independent school not determined to be an eligible school pursuant to the provisions of this paragraph may seek review by filing a request for a contested case hearing with the Administrative Law Court in accordance with the court’s rules of procedure. (4) The Education Oversight Committee, after consultation with its ninemember advisory committee, may exempt an independent school having students with exceptional needs who receive scholarship grants pursuant to this paragraph from the curriculum requirements of subsection (A)(1)(d). (H)(1) By August first of each year, each nonprofit scholarship funding organization must apply to the Department to be considered an eligible organization for which its contributors are allowed the tax credit allowed by this paragraph. If a nonprofit scholarship funding organization does not apply, the organization may not be published as an approved organization, and contributions to that organization shall not be allowed for purposes of the credit allowed by this paragraph. A nonprofit scholarship funding organization’s application must contain: (a) the number and total amount of grants issued to eligible schools in the preceding fiscal year; (b) for each grant issued to an eligible school in the preceding fiscal year, the identity of the school and the amount of the grant; (c) an itemization and detailed explanation of any fees or other revenues obtained from or on behalf of any eligible schools; (d) a copy of the organization’s Form 990 or other comparable federal submission that indicates the provisions of the Internal Revenue Code under which the organization has been granted exempt status for purposes of federal taxation; (e) a copy of a compilation, review, or audit of the organization’s financial statements, conducted by a certified public accounting firm;
receive scholarship grants pursuant to this paragraph in the previous fiscal year; (c) a copy of a compilation, review, or compliance audit of the organization’s financial statements, conducted by a certified public accounting firm; and (d) a certification by the independent school that it meets the definition of an eligible school as that term is defined in subsection (A)(1) and that the report is true, accurate, and complete under penalty of perjury in accordance with Section 16910. (3) Any independent school not determined to be an eligible school pursuant to the provisions of this paragraph may seek review by filing a request for a contested case hearing with the Administrative Law Court in accordance with the court’s rules of procedure. (4) The Education Oversight Committee, after consultation with its ninemember advisory committee, may exempt an independent school having students with exceptional needs who receive scholarship grants pursuant to this paragraph from the curriculum requirements of subsection (A)(1)(d). (H)(1) By August first of each year, each nonprofit scholarship funding organization must apply to the Department to be considered an eligible organization for which its contributors are allowed the tax credit allowed by this paragraph. If a nonprofit scholarship funding organization does not apply, the organization may not be published as an approved organization, and contributions to that organization shall not be allowed for purposes of the credit allowed by this paragraph. A nonprofit scholarship funding organization’s application must contain: (a) the number and total amount of grants issued to eligible schools in the preceding fiscal year; (b) for each grant issued to an eligible school in the preceding fiscal year, the identity of the school and the amount of the grant; (c) an itemization and detailed explanation of any fees or other revenues obtained from or on behalf of any eligible schools; (d) a copy of the organization’s Form 990 or other comparable federal submission that indicates the provisions of the Internal Revenue Code under which the organization has been granted exempt status for purposes of federal taxation; (e) a copy of a compilation, review, or audit of the organization’s financial statements, conducted by a certified public accounting firm;
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