Funding/Financing Related Bills
Prepared by: Keith Clock
Phone: 317-407-7885
Report created on April 18, 2024
 
HB1001SCHOOL FUNDING. (SIEGRIST S) Requires the budget agency to transfer from the K-12 state tuition reserve account to the state general fund the amount necessary to cover the K-12 state tuition distribution amount if it exceeds the appropriated amount. Limits the transfer to $25,000,000 in state fiscal year 2017-2018 and $75,000,000 for state fiscal year 2018-2019. Requires school corporations to report information about virtual education programs to the department of education. Requires a pupil to be at least five years of age on August 1 of the school year to be included in the ADM count for kindergarten pupils.
 Current Status:   3/19/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/14/2018 - Signed by the President Pro Tempore
3/14/2018 - Conference Committee Report Adopted (S) Report 1: adopted by the Senate; Roll Call 389: yeas 47, nays 0
 State Bill Page:   HB1001
 
HB1167SCHOOL CORPORATION FINANCIAL MANAGEMENT. (COOK A) Permits money in a school corporation's operations fund at the end of a year to be transferred to the school corporation's rainy day fund. Combines various levies into a single operations fund levy beginning in 2019. Changes provisions concerning the education fund and operations fund. Specifies the items to be included in a school corporation's capital projects plan. Changes the reasons for which a school corporation may appeal to increase the school corporation's operations fund levy for transportation purposes. Requires an appeal to increase or a petition to adjust the maximum operations fund levy for a year to be filed before October 20 of the preceding year. Resolves conflicts among various 2017 acts that take effect before the education funding and accounting changes made by HEA 1009-2017. Provides that the governing body of a school corporation may transfer amounts that are levied for the debt service fund to cover unreimbursed costs of certain curricular materials to the curricular materials rental fund, the extracurricular account, or the education fund. Provides that in carrying out a curricular materials rental program, the governing body may control the program through the school corporation's curricular materials rental fund or education fund. Make technical changes.
 Current Status:   3/19/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/14/2018 - Signed by the President Pro Tempore
3/12/2018 - Joint Rule 20 technical correction adopted by the Senate
 State Bill Page:   HB1167
 
SB43RACIAL BALANCE LEVY AND FUND. (LONG D) Repeals provisions regarding the racial balance levy and the racial balance fund. Provides that any money in a school corporation's racial balance fund on January 1, 2019, must be transferred to the school corporation's operations fund.
 Current Status:   3/15/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/14/2018 - Received by Governor
3/14/2018 - Signed by the President of the Senate
 State Bill Page:   SB43
 
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