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House Bill 1419

House Bill 1419

ARCHIVE (2001)

Latest Information

DIGEST OF HB1419 (Updated February 5, 2001 3:34 PM - DI 84)

Education funding. Provides a no interest loan payable in 10 equal installments over 10 years to a school corporation that is equal to the difference between: (1) the amount of the school corporation's state tuition support for 2001 as calculated under the state tuition support worksheet provided by the department of education in July 2000, but using the most recent version of the data required by the worksheet; and (2) the amount of state tuition support the school corporation is entitled to receive for 2001 under state statute. Specifies that the loan may not be considered in determining the school corporation's state tuition support or general fund property tax rate.
Current Status:
In Committee - 2nd House
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