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House Bill 1099


House Bill 1099

ARCHIVE (2008)

Latest Information

 

DIGEST OF INTRODUCED BILL


Shortfall loans from the common school fund. Provides that school corporations that experience property tax revenue shortfalls of at least 5% due to: (1) reassessments ordered by the department of local government finance for the March 1, 2006, or January 15, 2007, assessment date; or (2) the inability of the county treasurer of the county in which a school corporation is located to issue property tax statements in a timely manner; may apply to the state board of education for a shortfall loan from the common school fund. Extends the expiration date of shortfall loan provisions from December 31, 2010, to December 31, 2011.
Current Status:
 In Committee - first House
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