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CT SB00437

Bill

Official Source

Status

Introduced

1/27/2021

Primary Sponsor

Robert Sampson

Click for details

Origin

Senate

2021 General Assembly

AI Summary

  • Amends chapter 164 of Connecticut general statutes to allow regional boards of education to establish nonlapsing accounts for unexpended funds from prior fiscal years
  • Limits carryover amount to a maximum of 2 percent of the total budgeted appropriation for education for the prior fiscal year
  • Requires all expenditures from the nonlapsing account to be used solely for educational purposes
  • Creates parity between local and regional 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

1/27/2021

Committee Referrals

Education1/27/2021

Full Bill Text

No bill text available