Enrolled House Bill (H)

Authored by

DIGEST

School funding and annual performance grants. Extends through 2018 the eligibility of school corporations to allocate circuit breaker credits proportionately. Provides, with some exceptions, that if: (1) a school corporation in 2017 or 2018 issues new bonds or enters into a new lease rental agreement for which the school corporation is imposing or will impose a debt service levy; and (2) the school corporation's total debt service levy in 2017 or 2018 is greater than the school corporation's debt service levy in 2016; the school corporation is not eligible to allocate circuit breaker credits proportionally. Extends the date to January School funding and annual performance grants. Extends through 2018 the eligibility of school corporations to allocate circuit breaker credits proportionately. Provides, with some exceptions, that if: (1) a school corporation in 2017 or 2018 issues new bonds or enters into a new lease rental agreement for which the school corporation is imposing or will impose a debt service levy; and (2) the school corporation's total debt service levy in 2017 or 2018 is greater than the school corporation's debt service levy in 2016; the school corporation is not eligible to allocate circuit breaker credits proportionally. Extends the date to January 1, 2018, for using money in a school's capital projects fund for utility services and property and casualty insurance. Changes the submission date for a school corporation's fall average daily membership (ADM) estimates to April 1 of each year. Specifies, for a school corporation that fails to submit its ADM estimates by the deadline, that the department is to compute the monthly support distributions using data that were used by the general assembly in determining the state tuition support appropriation for the budget act. Amends certain annual performance grant provisions that set forth the:(1) qualification requirements; and (2) grant amount; for annual performance grants. Requires review by the budget committee before the distribution of an annual performance grant to schools. Provides that the department of education (department), after review by the budget committee, may waive the deadline by which annual performance grants must be distributed to schools and approve an extension of that deadline to a later date within the state fiscal year. Repeals certain deadlines for a school to distribute the stipends from a performance grant received from the department to individual teachers. Provides that a school must distribute all stipends from a performance grant to individual teachers within 20 business days of the date the department distributes the performance grant to the school. (Under current law, a school must distribute stipends from a performance grant within 20 business days of receipt only in the state fiscal year beginning July 1, 2015, and ending June 30, 2016.) Provides that the appropriation of $2,000,000 in the state budget for excellence in performance grants does not revert to the state general fund on June 30, 2016, but remains available for allotment if the state board of education approves the grants before July 1, 2016. ... View more