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ID H0663
Bill
Status
3/13/2012
Primary Sponsor
Education Committee
Click for details
AI Summary
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Amends the Bond Levy Equalization Support Program (Section 33-906) to include public charter schools that primarily educate students in buildings owned by the charter school within the definition of "school district" for program eligibility purposes.
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Expands the definition of "bond" to include debt owed by eligible public charter schools used for construction or acquisition of school facilities plus other permitted school bond purposes.
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Establishes that the board of directors of an eligible public charter school functions as "voters" for purposes of the bond levy equalization program.
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Assigns eligible public charter schools a fixed value index factor of 0.5 (one-half of the statewide average) for calculating state financial assistance for bond interest and redemption payments.
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Requires calculations for the unemployment rate and per capita income components of the value index for eligible charter schools to be based on the county where the charter school facility is physically located.
Legislative Description
Amends existing law relating to education to define terms; to define a term, to establish provisions assigning a factor for eligible public charter schools and to establish provisions relating to a calculation.
EDUCATION
Last Action
3rd rdg -- Ret'd to Educ
3/20/2012