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IN SB0281
Bill
AI Summary
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Initial employment contracts for principals, assistant principals, and assistant superintendents must be at least 1 year and no more than 3 years, with extensions allowed for up to an additional 3 years beyond the original term (effective July 1, 2019)
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Contract buyouts for principals and assistant principals are capped at one year's salary, excluding benefits and other compensation
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Contract buyouts for assistant superintendents are capped at the lesser of one year's salary or $250,000, excluding benefits and other compensation
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Buyout caps apply unless existing contracts entered into or renewed before July 1, 2019 specify otherwise
Legislative Description
School administrator contracts. Provides that, unless a provision in a contract entered into or renewed between the governing body of a school corporation and a principal or an assistant principal before July 1, 2019, provides otherwise, the governing body of a school corporation may not pay to a principal or an assistant principal to buy out a contract an amount that exceeds an amount equal to the principal's or assistant principal's salary for any one year under the contract. Provides that, unless a provision in a contract entered into or renewed between the governing body of a school corporation and an assistant superintendent before July 1, 2019, provides otherwise, a governing body may not pay to an assistant superintendent to buy out a contract an amount that exceeds an amount equal to the lesser of: (1) the assistant superintendent's salary for any one year under the contract; or (2) $250,000. Requires that an initial employment contract entered into between the governing body of a school corporation and an assistant superintendent, a principal, or an assistant principal be at least one year and not more than three years. (Current law requires the initial contract between the governing body of a school corporation and a principal or assistant principal be the equivalent of at least two years.) Provides that a contract with an assistant superintendent, a principal, or an assistant principal may be extended for an additional three years.
Last Action
Public Law 152
5/1/2019