Loading chat...
IN SB0043
Bill
AI Summary
-
Repeals Indiana Code provisions establishing the racial balance fund (IC 20-40-5) and racial balance levy (IC 20-46-3), effective July 1, 2019
-
Requires any money remaining in a school corporation's racial balance fund on January 1, 2019, to be transferred to the school corporation's operations fund
-
Removes references to the racial balance fund from the formula used to determine eligibility for school corporation bond refunding
-
Updates the calculation for "eligible school corporation" status by eliminating the racial balance fund from the combined levy computation used to determine the 20% threshold for bond refunding eligibility
Legislative Description
Racial balance levy and fund. Repeals provisions regarding the racial balance levy and the racial balance fund. Provides that any money in a school corporation's racial balance fund on January 1, 2019, must be transferred to the school corporation's operations fund.
Last Action
Public Law 88
3/15/2018