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IN HB1167
Bill
Status
3/19/2018
Primary Sponsor
Anthony Cook
Click for details
AI Summary
HEA 1167 - School Corporation Education and Finance Summary
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Consolidates school corporation levies into a single operations fund levy beginning in 2019, combining previous transportation, school bus replacement, and capital projects levies.
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Allows school corporations to transfer unused year-end balances from the operations fund to a rainy day fund for financial reserves and emergencies.
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Modifies the education fund to be used exclusively for student instruction and learning expenses under IC 20-42.5, with exceptions for rainy day fund provisions.
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Streamlines school building disposition requirements for charter schools, establishing procedures for listing, leasing, and selling closed or unused school buildings at $1 per year or sale price.
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Changes appeal criteria for increasing operations fund levies, allowing appeals based on transportation cost increases (fuel, enrollment growth, special education needs, facility closures, route restructuring, or labor shortages) rather than separate categorical appeals.
Legislative Description
School corporation financial management. Permits money in a school corporation's operations fund at the end of a year to be transferred to the school corporation's rainy day fund. Combines various levies into a single operations fund levy beginning in 2019. Changes provisions concerning the education fund and operations fund. Specifies the items to be included in a school corporation's capital projects plan. Changes the reasons for which a school corporation may appeal to increase the school corporation's operations fund levy for transportation purposes. Requires an appeal to increase or a petition to adjust the maximum operations fund levy for a
Last Action
Public Law 140
3/19/2018