ND HB1423

Directs the legislative management to study the elementary and secondary education funding formula during the 2017-18 interim, specifically the portion relating to in lieu of property tax funds.

Requires the study to identify and address any inequities in the application of the education funding formula.

Mandates that legislative management report its findings, recommendations, and any required implementing legislation to the sixty-sixth legislative assembly.

Passed the House with 77 yeas, 13 nays, and 4 absent; passed the Senate with 44 yeas, 2 nays, and 1 absent.