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GA HB760
Bill
Status
Passed
4/16/2012
Primary Sponsor
Stacey Abrams
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AI Summary
- Eliminates the exceptional growth program for school capital outlay funding and merges any entitlements earned under that program (as of June 30, 2012) into the regular capital outlay entitlement system
- Increases the maximum annual authorization level for regular capital outlay entitlements from $200 million to $300 million, starting with fiscal year 2014 applications
- Extends the advance funding program threshold from three years to five years of combined annual entitlement and required local participation, and removes the program's June 30, 2015, automatic repeal date
- Broadens eligibility for low-wealth capital outlay grants by replacing the 75% statewide average thresholds with bottom-25% rankings for sales tax revenue and property value per student, removing the per capita income requirement, and allowing additional state funding (up to 8%) for each mill levied over 12 mills
- Allows local school systems to redirect bond proceeds from unstarted projects to address fire or natural disaster damage, subject to approval by the Department of Education, the Georgia State Financing and Investment Commission, and the Office of Planning and Budget
Legislative Description
Elementary and secondary education; capital outlay funds replace exceptional growth program
Last Action
Effective Date
7/1/2012
Committee Referrals
Appropriations2/8/2012
Education1/24/2012
Full Bill Text
No bill text available