Slash Pine Electric Membership Corporation recently presented $3,750 to the Ware County Board of Education to help fund nutritional programs. House Bill 431 provides an alternative method for the disposition of abandoned capital credits, which previously had been returned to the state. HB 431 allowed electric membership corporations (EMCs) to donated funds for certain approved uses, such as an Internal Revenue Code Section 501(c)(3) organization serving in the EMC’s service area, used in support of education in the service area or for economic development purposes in the service area.
Tough economic times have made it harder for rural school systems to continue to operate. Funding from state and federal levels has been dramatically reduced over the past few years, resulting in cutbacks and limitations in many educational areas. Slash Pine EMC’s Board of Directors made the decision to use unclaimed capital credits from the year 2010 to fund educational and community development programs in its service territory.
Slash Pine EMC is committed to improving the quality of life for its members and the community it serves. The Ware County Board of Education is grateful for the support of its community partners.
Pictured: Mrs. Bonnie Patterson, representing the School Nutrition Department of the Ware County School System