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MO SB424
Bill
Status
2/10/2015
Primary Sponsor
David Pearce
Click for details
AI Summary
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Beginning July 1, 2017, when state appropriations are insufficient to fully fund the school foundation formula, the Department of Elementary and Secondary Education must adjust the state adequacy target to match available funding rather than prorating district payments
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Districts qualifying for minimum funding guarantees under subsection 2 (hold-harmless provisions) cannot have their payments modified due to insufficient appropriations, effective July 1, 2017
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Contains an emergency clause making the act effective July 1, 2015, or upon passage, due to the stated importance of ensuring adequate state funding for public schools
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Repeals and replaces section 160.031 (renumbered as 163.031) from House Bill 1689 of the 97th General Assembly regarding state funding calculations for elementary and secondary education
Legislative Description
Delays until July 1, 2017 the requirement that the Department of Elementary and Secondary Education prorate payments to formula districts if the foundation formula is not fully funded
Last Action
S Informal Calendar S Bills for Perfection--SB 424-Pearce, with SA 1 (pending)
5/15/2015