Section 394.205 - Submission of certain financial and organizational information1. An applicant shall, to establish reasonable financial stability, submit a proposed budget showing estimated revenues and expenditures for each year under the term of the private school license.2. An applicant shall:(a) Fully disclose to the Department the name of each owner, director, officer, shareholder, trustee and any other person maintaining a financial interest in the private school, and the basis upon which the organization is legally constituted. An incorporated private school shall submit a certificate of authorization to do business from the Secretary of State and a copy of its articles of incorporation and bylaws. Any changes in the articles of incorporation or bylaws must be reported to the Board.(b) Submit a financial statement. A private school with an enrollment of at least 30 pupils but not more than 150 pupils shall have a certified public accountant or public accountant compile the statement. A private school with an enrollment of more than 150 pupils shall have a certified public accountant review the statement and sign it.Nev. Admin. Code § 394.205
Added to NAC by Bd. of Education by R061-07, eff. 10-31-2007NRS 385.080, 394.221, 394.241