HB 1015 Summary

• Establishes a school efficiency grant fund administered by the state board to provide grants to school corporations for implementing efficiency and cost-effective measures.

• Fund is financed through general assembly appropriations and gifts, grants, devises, or bequests; unspent money does not revert to the general fund.

• School corporations must submit applications with plans detailing proposed efficiency measures and associated costs; two or more corporations may apply jointly for measures affecting multiple districts.

• Grant awards consider plans that reduce administrative costs, eliminate program duplication, improve facility efficiency, reduce debt, or significantly reduce educational service costs; maximum grant award is $500,000.

• Grants must be used for implementation costs of approved plans, with state board establishing terms, conditions, and written guidelines for determining grant amounts based on projected cost savings.