Sec. 7. "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.
As added by P.L.182-2009(ss), SEC.364. Amended by P.L.92-2011, SEC.7.