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IN HB1303

Bill

Official Source

Status

Introduced

1/12/2016

Primary Sponsor

Anthony Cook

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Origin

House of Representatives

2016 Regular Session

AI Summary

  • Removes the July 1, 2017 expiration date that previously limited use of school capital project funds for utility services and property and casualty insurance.

  • Allows school corporations to use capital project funds to pay for up to 100% of costs for utility services, property or casualty insurance, or both.

  • Maintains the annual expenditure cap at 3.5% of the school corporation's 2005 calendar year distribution.

  • Effective July 1, 2016.

Legislative Description

School corporation capital projects funds. Removes the expiration date for the use of school capital project funds for utility services and property and casualty insurance.

Last Action

First reading: referred to Committee on Ways and Means

1/12/2016

Committee Referrals

Ways and Means1/12/2016

Full Bill Text

No bill text available