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CT SB00349

Bill

Official Source

Status

Introduced

1/26/2021

Primary Sponsor

Paul Formica

Click for details

Origin

Senate

2021 General Assembly

AI Summary

  • Amends chapter 164 of the general statutes to permit regional boards of education to deposit unexpended funds from the prior fiscal year into a nonlapsing account

  • Limits the amount that can be deposited to a maximum of 2 percent of the total budgeted appropriation for education for the prior fiscal year

  • Requires that all expenditures from the nonlapsing account be used solely for educational purposes

  • Creates parity between regional school districts and local boards of education regarding nonlapsing reserve funds

Legislative Description

An Act Permitting Regional School Districts To Carry Over Unexpended Funds.

Last Action

Referred to Joint Committee on Education

1/26/2021

Committee Referrals

Education1/26/2021

Full Bill Text

No bill text available