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House Bill 1140

House Bill 1140

ARCHIVE (2001)

Latest Information

DIGEST OF HB1140 (Updated February 13, 2001 3:14 PM - DI 84)

Provides that notwithstanding any agreement entered into by the department of education and the Jay County School Corporation concerning the repayment of money that was advanced by the department to replace money intercepted by the treasurer of state in 2000, the school corporation is not required to make any repayments to the department until three years after the date the money was advanced. Specifies that beginning three years after the money was advanced, the outstanding balance of the amount advanced by the department of education to the school corporation shall be deducted in equal amounts over the following 24 months from the state tuition support distributions that the school corporation would otherwise be entitled to receive. Provides that these same provisions apply to North Miami Community Schools if money otherwise due to that school corporation is intercepted by the treasurer of state and if the department of education advances money to replace the money intercepted by the treasurer.
Current Status:
In Committee - 2nd House
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