SUMMARY:  LC 49 0423S (SCS) SB 66/AP

This bill combines some existing foundations/programs.  The Department of Education administers the Georgia Foundation for Public Education; there is also a Public Education Innovation Fund Foundation under the Governor's Office of Student Achievement.  This would combine them and require a nonprofit corporation be incorporated by the foundation by January 1, 2022 to receive donations from taxpayers to award grants to public schools for the implementation of academic and organizational innovations to improve student achievement with priority given to schools performing in the lowest 5% in the state.

The donors to the Public Education Innovation Fund would receive an income tax credit.  The program is capped at $5 million.

EFFECTIVE DATE:

July 1, 2021