Regulations Governing the Establishment of Private School Endowment Corporations Article 8

The financial plan of said private school endowment corporation as referred to in Article 4, Paragraph 1, Subparagraph 6, refers to a period of time during the establishment of the private school endowment corporation, as well as for a period of five years after the registration of the private school endowment corporation.The financial plan detailing the five-year period after registration shall clearly state the funds available to the school and expected expenses. Funds for the proposed school may be handled through a fund set aside by a private school endowment corporation.