ID S1323

Reduces the number of annual payments from the Public School Income Fund to school districts from five to four payments by eliminating the October 1st payment date.

Maintains payment dates of August 15th, November 15th, February 15th, and May 15th each year for state general account appropriation distributions.

Revises payment percentages so the first two payments equal approximately 50% of total appropriation, while the second and third payments equal approximately 20% each, and the fourth payment equals approximately 10%.

Transfers responsibility for making Public School Income Fund payments from the State Board of Education to the Department of Education.

Maintains existing provisions for payments of non-general account moneys on November 15th, February 15th, May 15th, and July 15th each year.