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IN HB1302
Bill
Status
Introduced
1/10/2017
Primary Sponsor
Mara Reardon
Click for details
AI Summary
- Establishes a dollar-for-dollar state matching grant for school corporations where voters approve an operating referendum tax levy after May 1, 2017.
- Auditor of state distributes annual grants equal to the referendum tax levy amount for each calendar year the levy is in effect, paid in two equal installments in May and November.
- School corporations with charter schools located in their district are ineligible for the grant.
- Grant funds cannot be considered when calculating state tuition support distribution or determining other property tax levies imposed by the school corporation.
- Effective July 1, 2017, with necessary appropriations made annually from the state general fund.
Legislative Description
School referendum grants. Provides a dollar for dollar state matching grant for a school corporation in which the voters approve an operating referendum tax levy after May 1, 2017. Specifies that a school corporation in which a charter school is located is not eligible for the grant.
Last Action
First reading: referred to Committee on Education
1/10/2017
Committee Referrals
Education1/10/2017
Full Bill Text
No bill text available