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CA SB1249

Bill

Official Source

Status

Failed

11/30/2016

Primary Sponsor

Patricia Bates

Click for details

Origin

Senate

2015-2016 Session

AI Summary

  • Repeals Section 42127.01 of the Education Code, which restricted school district fund balances in fiscal years following transfers to the Public School System Stabilization Account
  • Eliminates restrictions that prohibited school districts from maintaining combined assigned or unassigned ending fund balances exceeding 2-3 times the state-recommended minimum reserve for economic uncertainties (based on district size)
  • Removes the county superintendent authority to grant exemptions from fund balance restrictions for up to 2 consecutive fiscal years when districts document extraordinary fiscal circumstances
  • Requires only a majority vote for passage with no fiscal impact or state-mandated local program effects

Legislative Description

School finance: school districts: annual budgets: reserve balance.

Last Action

From committee without further action.

11/30/2016

Committee Referrals

Education3/3/2016
Rules2/18/2016

Full Bill Text

No bill text available