Introduced Senate Bill (S)

Co-Authored by

DIGEST

School City of East Chicago fiscal matters. Changes, for the school years beginning after June 30, 2016, June 30, 2017, and June 30, 2018, the manner in which average daily membership is determined for the School City of East Chicago school corporation. Transfers, not later than July 15, 2017, to the school disaster loan fund from the state general fund an amount equal to the total amount to pay off the loan that was made to the School City of East Chicago school corporation in the amount of $2,805,000 from the school disaster loan fund. Appropriates to the department of School City of East Chicago fiscal matters. Changes, for the school years beginning after June 30, 2016, June 30, 2017, and June 30, 2018, the manner in which average daily membership is determined for the School City of East Chicago school corporation. Transfers, not later than July 15, 2017, to the school disaster loan fund from the state general fund an amount equal to the total amount to pay off the loan that was made to the School City of East Chicago school corporation in the amount of $2,805,000 from the school disaster loan fund. Appropriates to the department of education (department) from the state general fund the following amounts: (1) $1,472,000 for the state fiscal year beginning July 1, 2016, and ending June 30, 2017. (2) $736,000 for the state fiscal year beginning July 1, 2017, and ending June 30, 2018. Requires the: (1) department to distribute the appropriated amounts to the School City of East Chicago school corporation; and (2) School City of East Chicago school corporation to use the money only for the purpose of paying the lease payments under the lease agreement, as certified by the department of local government finance, entered into between the School City of East Chicago school corporation and the East Chicago Multi School Building Corporation for the lease of the Carrie Gosch Elementary School. ... View more