RSA 77-G:5 Scholarship Organizations.

I. A scholarship organization shall:
(a) Provide scholarships from eligible contributions to eligible students to defray educational expenses.
(b) Not restrict or reserve scholarships for use at a single nonpublic school and not restrict or reserve a scholarship for a specific student or a specific person.
(c) Verify a student's eligibility to apply for and receive a scholarship through transcripts and attendance records.
(d) Not have an owner or operator who also owns or operates a nonpublic school that participates in the education tax credit program.
(e) Not have an owner or operator who in the last 7 years has filed for personal bankruptcy or corporate bankruptcy in a business organization or business enterprise of which he or she owned more than 20