“which prevents the co-mingling of qualified contributions with other amounts by maintaining one or more separate accounts exclusively for qualified contributions,”
The section defines a scholarship granting organization as one described in section 501(c)(3) and exempt under section 501(a) that is not a private foundation, keeps qualified contributions in one or more separate accounts, meets the requirements of subsection (d), and appears on the list the covered State submits for the year.
What the document actually says
“which prevents the co-mingling of qualified contributions with other amounts by maintaining one or more separate accounts exclusively for qualified contributions,”
That sentence, in plain words
The group must keep the gifts apart from its other money. It must hold them in one or more separate accounts.
What this is about
The group must be a tax exempt charity. It may not be a private foundation. It must also be on the state's list.
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Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70411, 139 Stat. 215 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“A scholarship granting organization must be a public charity with separate accounts,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70411, Sec. 70411. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70411-organizations/ (retrieved October 10, 2026).
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