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Enrolled House Bill (H)

Authored by

DIGEST

School corporation financial management. Permits money in a school corporation's operations fund at the end of a year to be transferred to the school corporation's rainy day fund. Combines various levies into a single operations fund levy beginning in 2019. Changes provisions concerning the education fund and operations fund. Specifies the items to be included in a school corporation's capital projects plan. Changes the reasons for which a school corporation may appeal to increase the school corporation's operations fund levy for transportation purposes. Requires an appeal to increase or a petition to adjust the maximum operations fund levy for a School corporation financial management. Permits money in a school corporation's operations fund at the end of a year to be transferred to the school corporation's rainy day fund. Combines various levies into a single operations fund levy beginning in 2019. Changes provisions concerning the education fund and operations fund. Specifies the items to be included in a school corporation's capital projects plan. Changes the reasons for which a school corporation may appeal to increase the school corporation's operations fund levy for transportation purposes. Requires an appeal to increase or a petition to adjust the maximum operations fund levy for a year to be filed before October 20 of the preceding year. Resolves conflicts among various 2017 acts that take effect before the education funding and accounting changes made by HEA 1009-2017. Provides that the governing body of a school corporation may transfer amounts that are levied for the debt service fund to cover unreimbursed costs of certain curricular materials to the curricular materials rental fund, the extracurricular account, or the education fund. Provides that in carrying out a curricular materials rental program, the governing body may control the program through the school corporation's curricular materials rental fund or education fund. Make technical changes. ... View more