Skip to main content
main search - contains a list of tabs to access different search features

Advanced Search

Senate Bill 368

Introduced Senate Bill (S)

DIGEST

School financial condition analysis. Provides for a coordinated effort by the department of education, the department of local government finance, the state board of accounts, the management performance hub (MPH), and the distressed unit appeal board (DUAB) in identifying whether a school corporation needs technical assistance in addressing its financial condition. Requires the MPH to submit a preliminary report of its findings to the interim committee on fiscal policy before submitting a final report to the DUAB. Requires the DUAB to make a determination whether a school corporation identified by another agency needs technical assistance, and requires the DUAB to School financial condition analysis. Provides for a coordinated effort by the department of education, the department of local government finance, the state board of accounts, the management performance hub (MPH), and the distressed unit appeal board (DUAB) in identifying whether a school corporation needs technical assistance in addressing its financial condition. Requires the MPH to submit a preliminary report of its findings to the interim committee on fiscal policy before submitting a final report to the DUAB. Requires the DUAB to make a determination whether a school corporation identified by another agency needs technical assistance, and requires the DUAB to initiate contact with the school corporation governing body chairperson and superintendent to offer the technical assistance. Provides that if a school corporation accepts the assistance, a technical assistance team is created. Requires the team to perform a thorough review of the school corporation's financial condition and recommend actions the school corporation could take to address its financial condition. Requires the team leader to meet with the school corporation officials to review the report. Requires the team leader to include any written response by the school corporation officials in the final report to the DUAB. Specifies that the governing body, the superintendent, and the DUAB may enter into an agreement setting forth the actions that will be taken to implement the recommendations. ... View more