New Financial Regs for Alabama PTOs

This could be the start of a trend. First Tennessee sent down some rules from on-high this past summer. Now the Alabama Department of Ed. is trying to codify some policies across all its many districts.

by Tim Sullivan

10/07/2021

This could be the start of a trend. First Tennessee sent down some rules from on-high this past summer.  Now the Alabama Department of Ed. is trying to codify some policies across all its many districts. The Alabama rules seem well done.  Groups need to have an EIN and follow strong accounting provisions and bond their treasurers.  All good advice and nice to see the state providing the guidelines (and not over-stepping in an effort to exert too much control).

Interested in your feedback on this one and if it's happening in your state.

 

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