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IN HB1343
Bill
Status
1/12/2017
Primary Sponsor
Earl Harris
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AI Summary
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Modifies average daily membership (ADM) calculations for School City of East Chicago for school years 2016-2019, using phased transition formulas that gradually adjust from prior year counts to standard calculations.
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Transfers $2,805,000 from state general fund to school disaster loan fund by July 15, 2017 to pay off an existing loan to East Chicago schools for construction and repairs of a former middle school.
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Appropriates $1,472,000 to Department of Education for fiscal year 2016-2017 and $736,000 for fiscal year 2017-2018, to be distributed to School City of East Chicago for lease payments on Carrie Gosch Elementary School.
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Requires School City of East Chicago to use appropriated funds exclusively for two lease payments of $736,000 each due July 1, 2017 and July 15, 2017, as certified by Department of Local Government Finance.
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Declares an emergency for the act with provisions effective July 1, 2016 (retroactive), July 1, 2017, and upon passage.
Legislative Description
School City of East Chicago fiscal matters. Changes, for the school years beginning after June 30, 2016, June 30, 2017, and June 30, 2018, the manner in which average daily membership is determined for the School City of East Chicago school corporation. Transfers, not later than July 15, 2017, to the school disaster loan fund from the state general fund an amount equal to the total amount to pay off the loan that was made to the School City of East Chicago school corporation in the amount of $2,805,000 from the school disaster loan fund. Appropriates to the department of
Last Action
Reassigned to Committee on Ways and Means
1/24/2017