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IN SB0368
Bill
Status
1/4/2018
Primary Sponsor
Eddie Melton
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AI Summary
Senate Bill 368 Summary
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Establishes a coordinated process involving the Department of Education, Department of Local Government Finance, State Board of Accounts, Management Performance Hub (MPH), and Distressed Unit Appeal Board (DUAB) to identify school corporations needing financial assistance.
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Requires MPH to conduct financial data analysis of each school corporation examining factors including enrollment trends, fund balances, debt obligations, revenue sources, and staffing costs, then submit preliminary report to interim committee on fiscal policy before final report to DUAB.
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Authorizes DUAB to initiate contact with identified school corporations and offer technical assistance if corporation agrees to accept it.
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Requires formation of technical assistance team with representatives from Department of Education, State Board of Accounts, Department of Local Government Finance, and DUAB to conduct thorough financial review and provide recommendations to school corporation officials.
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Permits school corporation officials to provide written response to technical assistance team's report, and allows DUAB, governing body chairperson, and superintendent to enter into agreement implementing agreed-upon recommendations.
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Effective July 1, 2018.
Legislative Description
School financial condition analysis. Provides for a coordinated effort by the department of education, the department of local government finance, the state board of accounts, the management performance hub (MPH), and the distressed unit appeal board (DUAB) in identifying whether a school corporation needs technical assistance in addressing its financial condition. Requires the MPH to submit a preliminary report of its findings to the interim committee on fiscal policy before submitting a final report to the DUAB. Requires the DUAB to make a determination whether a school corporation identified by another agency needs technical assistance, and requires the DUAB to
Last Action
First reading: referred to Committee on Education and Career Development
1/4/2018