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IN HB1109
Bill
Status
3/23/2016
Primary Sponsor
Todd Huston
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AI Summary
HEA 1109 Summary
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Extends school corporation eligibility for circuit breaker credit allocation through 2018, with restrictions on corporations that increase debt service levies in 2017 or 2018 above 2016 levels.
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Changes the deadline for using Education Excellence Fund monies from July 1, 2017 to January 1, 2018 for utility services and property or casualty insurance costs, limited to 3.5% of 2005 distributions.
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Modifies performance grant calculations by changing growth rate thresholds from 1% to 5% for achievement test scores and graduation rates in subsections (j) and (m).
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Requires school corporations to distribute performance grant stipends to teachers within twenty (20) business days of receiving funds from the department instead of by January 31.
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Preserves $2,000,000 in excellence in performance grants from P.L.213-2015 by preventing reversion to the state general fund on June 30, 2016, if approved by the state board by July 1, 2016.
Legislative Description
School funding and annual performance grants. Extends through 2018 the eligibility of school corporations to allocate circuit breaker credits proportionately. Provides, with some exceptions, that if: (1) a school corporation in 2017 or 2018 issues new bonds or enters into a new lease rental agreement for which the school corporation is imposing or will impose a debt service levy; and (2) the school corporation's total debt service levy in 2017 or 2018 is greater than the school corporation's debt service levy in 2016; the school corporation is not eligible to allocate circuit breaker credits proportionally. Extends the date to January
Last Action
Public Law 151
3/23/2016