Engrossed House Bill (S)

Authored by

DIGEST

School corporation financial management. Allows the distressed unit appeal board (DUAB) to delegate board authority, duties, and responsibilities to the executive director by resolution of the board. Permits only the emergency manager to petition the DUAB to terminate a political subdivision's distressed status. Allows the DUAB to adopt rules. Requires the attorney general to represent a member of the fiscal management board, an emergency manager, a chief financial officer, or a chief academic officer if the individual requests the representation. Specifies restrictions on school corporations that are designated distressed. Allows a limited reduction in employees for distressed school corporation after School corporation financial management. Allows the distressed unit appeal board (DUAB) to delegate board authority, duties, and responsibilities to the executive director by resolution of the board. Permits only the emergency manager to petition the DUAB to terminate a political subdivision's distressed status. Allows the DUAB to adopt rules. Requires the attorney general to represent a member of the fiscal management board, an emergency manager, a chief financial officer, or a chief academic officer if the individual requests the representation. Specifies restrictions on school corporations that are designated distressed. Allows a limited reduction in employees for distressed school corporation after September 30 of a year. Specifies that waivers regarding the allocation of protected taxes apply only to distressed school corporations and not other distressed units. Makes changes concerning the Gary Community school corporation and its operation. Converts the Gary Community school corporation's governing board to an advisory committee. Provides that the Gary Community school corporation advisory committee may not hold a public meeting more often than once every three months and provides that any other meetings are authorized executive sessions under the open door law. Specifies that advisory committee may vote to fill vacancies and select officers of the advisory committee. Removes the laws concerning the Muncie Community School Corporation being a fiscally impaired school corporation. Permits the Ball State University board of trustees to adopt a resolution to govern the Muncie Community school corporation using a newly appointed seven member governing board. Requires that at least two members reside in the Muncie Community School Corporation district. Requires the governing body to engage academically innovative strategies. Specifies that only certain laws in IC 20 will apply to the Muncie Community school corporation. Specifies other conditions. Permits the DUAB to recommend to the state board of finance that the state board of finance make an interest free loan to the Muncie Community Schools. Establishes a fiscal and qualitative indicators committee to make initial determinations about the fiscal and qualitative factors to be used in analyzing the financial condition of school corporations. Specifies certain factors that may be used. Requires the fiscal and qualitative indicators committee to make initial determinations about the presentation of the factors and the financial condition of school corporations to the public and the frequency of updates. Requires the fiscal and qualitative indicators committee to report its findings, recommendations, and procedures to the state budget committee before being made final. Requires the DUAB to present school financial condition information on its Internet web site or the management performance hub (MPH)'s Internet web site. Sets minimum standards for presenting the information. Requires the DUAB to determine the financial condition of each school corporation and whether a school corporation should be placed on a watch list. Requires the DUAB to report to the state budget committee the process that will be used between contacting a school corporation about its financial condition and being placed on the watch list, including a report on what factors will cause a school corporation to be put on the watch list, any particular funding issues that may cause a school corporation to be on the watch list, and when the list will be made public. Provides that if a school corporation remains on the watch list for four consecutive years, the Indiana Association of Public School Superintendents shall decide if it is appropriate to recommend to the Indiana department of education whether disciplinary action should be taken by the department regarding the superintendent. Permits the DUAB to enter into an agreement with a school corporation showing fiscal distress to establish a corrective action plan. Requires various reports. ... View more