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IN SB0049
Bill
Status
1/6/2015
Primary Sponsor
Karen Tallian
Click for details
AI Summary
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Permits school corporations to use capital projects fund money to purchase, lease, maintain, or repair maintenance vehicles.
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Makes permanent the authority for school corporations to use capital projects fund money to pay utility services and property or casualty insurance costs.
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Removes the sunset date of January 1, 2016 that previously limited insurance and utility cost coverage through 2015.
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Caps annual school corporation expenditures for insurance and utilities at 3.5% of the school corporation's 2005 calendar year distribution.
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Effective July 1, 2015.
Legislative Description
School corporation capital projects funds. Provides that money in a school corporation's capital projects fund may be used to pay for the purchase, lease, maintenance, or repair of maintenance vehicles. Provides permanent authority for a school corporation to use money in its capital projects fund to pay the costs of insurance and utilities. (Under current law, this authority extends only through 2015.)
Last Action
First Reading: referred to Committee on Appropriations
1/6/2015