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IN HB1210
Bill
Status
1/13/2015
Primary Sponsor
Sue Errington
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AI Summary
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Establishes a grant program for school corporations (excluding charter schools) whose transportation fund property tax levies are reduced by more than 50% due to circuit breaker credits under IC 6-1.1-20.6.
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Grant amount equals the total amount of circuit breaker credits applied against the eligible school corporation's transportation fund levy for that year.
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Department of Education, with assistance from the Department of Local Government Finance, determines eligible school corporations and requires written application for the grant.
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Department distributes grants in two payments: 50% before July 1 and remaining 50% before December 1 of each year.
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Appropriates necessary funds annually from the state general fund to the Department of Education without budget reduction, and requires recipients to deposit grants in their transportation fund.
Legislative Description
School transportation fund replacement grants. Provides a grant to school corporations that have their transportation fund levies reduced by more than 50% because of the application of circuit breaker credits. Specifies that the amount of a grant is equal to the amount of circuit breaker credits granted against the school corporation's transportation fund levy for the year. Appropriates from the state general fund the amounts necessary to make the grants.
Last Action
Authored by Representative Errington
1/13/2015