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Senate Bill 0357


Senate Bill 0357

ARCHIVE (2000)

Latest Information

 

DIGEST OF INTRODUCED BILL


Education finance. Provides state distributions to partially equalize school corporation capital projects fund levies and school corporation debt service fund levies. Provides that the state capital projects fund distribution will guarantee that the amount a school corporation can raise from the first $0.55 of its capital projects fund tax rate is the amount that could be raised from an assessed valuation of $70,000 per pupil. Provides that the state debt service fund distribution will guarantee that the amount a school corporation can raise from the first $1 of its debt service fund tax rate is the amount that could be raised from an assessed valuation of $70,000 per pupil. Makes an appropriation from the state general fund sufficient to make the distributions.
    Current Status:
     In Committee - first House
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