Crowdfunding Regulated At Local Level

Charity crowdfunding is now being regulated by none other than the Naugaunee Public Schools Board of Education.

Where is Naugaunee? It’s is a city in Marquette County, Michigan, with a population of ~4,568.

The NPSBE dictate says that any teacher that’s crowdfunding for school supplies that s/he can’t get from the (declining) school’s budget now have to be approved by the school board.

So, next time the band teacher needs a new tuba, go talk to the Superintendent and get his permission.

Who said the Federal government interferes too much?
http://www.miningjournal.net/news/front-page-news/2016/12/negaunee-schools-passes-crowdfunding-policy/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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