HB360 - Flexible School Calendar Act of 2012

• Requires each local board of education to provide at least 180 full instructional days, or hourly equivalent, per school year for Foundation Program Fund benefits beginning with 2012-2013 school year.

• Establishes flexible calendar parameters allowing school instruction to begin no earlier than the Monday two weeks before Labor Day (or August 17 if August 31 is a Monday) and end no later than the Friday before Memorial Day.

• Permits local boards to adjust school calendar by extending teaching hours on specified instructional days to replace cancelled days caused by natural disasters, health-related events, or gubernatorial emergency declarations.

• Prohibits local boards from reducing employee compensation or salary schedule amounts based on calendar modifications under this act; future salary appropriations must be based on legislatively allocated contract days or hourly equivalent.

• Requires the Legislative Fiscal Office to report by the tenth legislative day of the 2014 Regular Session on the act's impact on state tax revenues, including sales, use, and lodging taxes.