(a) A school support organization or any group or organization that collects and raises money, materials, property or securities while representing itself to be a school support organization shall be subject to audit by the office of the comptroller of the treasury.
(b) (1) A school support organization and a group or organization that collects and raises money, materials, property, or securities while representing itself to be a school support organization shall annually provide a detailed report of the organization's receipts and expenditures while representing itself to be a school support organization to the department of education by July 1 each year, unless the school support organization is a booster club, parent teacher association, parent teacher organization, or parent teacher support association.(2) The department shall publish a report submitted to the department pursuant to subdivision (b)(1) for a period of at least three (3) years from the date by which the report was submitted to the department.
(1) A school support organization and a group or organization that collects and raises money, materials, property, or securities while representing itself to be a school support organization shall annually provide a detailed report of the organization's receipts and expenditures while representing itself to be a school support organization to the department of education by July 1 each year, unless the school support organization is a booster club, parent teacher association, parent teacher organization, or parent teacher support association.
(2) The department shall publish a report submitted to the department pursuant to subdivision (b)(1) for a period of at least three (3) years from the date by which the report was submitted to the department.