Senate Bill (S)

DIGEST

K-12 funding. Provides that the budget agency shall transfer from the state tuition reserve account to the state general fund the amount necessary to offset a reduction in state tuition support if: (1) basic tuition support has been reduced because the amount of choice scholarships exceeds the estimated amount prepared by the legislative services agency and provided to members of the general assembly before May 1 of the most recent odd-numbered year; or (2) basic tuition support has been reduced because the average daily membership (ADM), the special education student count, or the career and technical education student count exceeds K-12 funding. Provides that the budget agency shall transfer from the state tuition reserve account to the state general fund the amount necessary to offset a reduction in state tuition support if: (1) basic tuition support has been reduced because the amount of choice scholarships exceeds the estimated amount prepared by the legislative services agency and provided to members of the general assembly before May 1 of the most recent odd-numbered year; or (2) basic tuition support has been reduced because the average daily membership (ADM), the special education student count, or the career and technical education student count exceeds the estimated count prepared by the legislative services agency and provided to members of the general assembly before May 1 of the most recent odd-numbered year. (Under current law, the budget agency may make such a transfer if basic tuition support has been reduced because the amount of choice scholarships exceeds the estimated amount.) Provides that the amount of the transfer for a state fiscal year is equal to the lesser of: (1) the amount of reductions in state tuition support that result because the amount of choice scholarships or the pupil counts exceed the estimated amount; or (2) $25,000,000. ... View more