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IN SB0530
Bill
Status
1/17/2017
Primary Sponsor
Vaneta Becker
Click for details
AI Summary
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Amends Indiana Code section 20-29-6 to redefine when school employers are considered to be in deficit financing for collective bargaining purposes.
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A school employer is not in deficit financing if its combined general fund cash balance and rainy day fund cash balance exceeds 10% of its certified general fund budget as of June 30, based on Form 9 documentation.
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Modifies collective bargaining provisions to reference the new deficit financing definition when determining whether contract terms can continue or be modified.
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Extends the deadline for board appeals decisions from 30 days to 60 days after receipt of appeal notice.
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Effective July 1, 2017.
Legislative Description
Collective bargaining and deficit financing. Provides that, for purposes of collective bargaining, a school employer is not considered to be in a position of deficit financing if the school employer's combined general fund cash balance and rainy day fund cash balance as listed on the school employer's Form 9 on June 30 of the current calendar year exceeds 10% of the school employer's certified general fund budget for that year.
Last Action
First reading: referred to Committee on Appropriations
1/17/2017