Relating to state financial administration; appropriating money; declaring an emergency; providing for transfer of moneys from the Education Stability Fund that requires approval by a three-fifths majority.
Catchline/Summary:
Establishes 2011-2012 School Year Subaccount within State School Fund. Establishes 2011-2012 School Year Subaccount within State School Fund. Continuously appropriates moneys in subaccount to Department of Education for distribution to school districts, Youth Corrections Education Program and Juvenile Detention Education Program to support smaller class sizes or enhancement of learning opportunities, including increasing number of school days for 2011-2012 school year. Creates procedures to ensure compliance with required uses of moneys.
Directs State Treasurer to transfer $100 million from Education Stability Fund to 2011-2012 School Year Subaccount. Specifies conditions of transference.
Declares emergency, effective July 1, 2011.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 3641 Joint Committee On Ways and Means
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