SB 424 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
Sponsor: Pearce
LR Number: 2073S.01I Fiscal Notes
Committee: Education
Last Action: 5/15/2015 - S Informal Calendar S Bills for Perfection--SB 424-Pearce, with SA 1 (pending) Journal Page:
Title: Calendar Position:
Effective Date: July 1, 2015

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Current Bill Summary

SB 424 - Under a provision of law that will become effective July 1, 2015, if the amount of funding appropriated for the foundation formula is not sufficient to fully fund all school districts, the Department of Elementary and Secondary Education must adjust the state adequacy target to accommodate the appropriation level. Payments to hold-harmless districts are prohibited from being reduced. This act delays the effective date of these provisions until July 1, 2017.

This act will become effective on July 1, 2015, or upon passage and approval, whichever occurs later.

This act is similar to a provision contained in CCS/SCS/HCS/HB 42 (2015).