SB 11-158 Summary

• Designated as a 2010-2011 budget balancing bill that suspends tobacco settlement funding transfers to the read-to-achieve cash fund for fiscal years 2011-12 and 2012-13.

• Redirects five percent of annual tobacco settlement moneys (capped at $8 million) that would have gone to the read-to-achieve program to the state general fund for the 2011-12 and 2012-13 fiscal years.

• Requires transfer of all unexpended and unencumbered moneys remaining in the read-to-achieve cash fund as of June 30, 2011 to the state general fund.

• Eliminates reimbursement for read-to-achieve board members' expenses during the 2011-12 and 2012-13 fiscal years.

• Maintains the cash fund's use for reimbursements to school districts for educational services provided to juveniles held in jails or detention facilities beyond the suspension period.