HB 4260 Summary

• Amends the State School Aid Act of 1979 to reduce appropriations for fiscal year ending September 30, 2021 from $13.589 billion to $100.00 from the state school aid fund.

• Reduces general fund appropriations for FY 2021 from $50.964 million to $100.00 and community district education trust fund allocations from $77.7 million to $100.00.

• Eliminates all community college operational funding appropriations (previously $325.44 million for 28 community colleges) and reduces gross appropriation to $100.00.

• Eliminates all public university appropriations (previously $1.538 billion for 15 universities) and reduces gross appropriation to $100.00 along with associated grants, financial aid, and retirement system reimbursements.

• Makes minor technical corrections to statutory language, replacing "shall" with "must" in sections governing payment installments and procedures.