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IN HB1134
Bill
Status
1/8/2015
Primary Sponsor
Cherrish Pryor
Click for details
AI Summary
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Transfers responsibility for posting school financial data on the Indiana transparency Internet website from the department of education to the department of local government finance, effective July 1, 2015.
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Requires the Indiana transparency website to display a searchable database of public school expenditures and fund balances, including amount, date, payer, payee, and categorization by personal services or operating expenses.
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Mandates inclusion of school property listings, fund balance reports, and fiscal health evaluation information in a dashboard format accessible from a single webpage on the transparency website.
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Directs the department of local government finance to develop fiscal health indicators for school corporations, including cash balance, debt-to-revenue ratios, property tax base conditions, bond ratings, and pension contributions.
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Prohibits the department of local government finance and other state agencies from using the fiscal health indicators to assign school corporations a summative grade.
Legislative Description
Indiana transparency web site. Transfers, from the department of education to the department of local government finance, responsibilities that relate to posting certain school financial data on the Indiana transparency Internet web site. Makes conforming changes.
Last Action
Authored by Representative Pryor
1/8/2015