Section 20-51-1-7 - "Scholarship granting organization" "Scholarship granting organization" refers to an organization that:
(1) is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code; and(2) is organized at least in part to grant school scholarships without limiting the availability of scholarships to students of only one (1) participating school.Amended by P.L. 92-2011, SEC. 7, eff. 7/1/2011.As added by P.L. 182-2009 (ss), SEC.364.