Missouri HB3275 modifies provisions for school funds, including transfers and interest usage.
Missouri HB3275 modifies and establishes provisions for moneys in school funds. It creates four funds: Teachers' Fund, Incidental Fund, Capital Projects Fund, and Debt Service Fund. The bill outlines specific allocations for each fund, such as teacher salaries, incidental expenses, capital projects, and debt service. It also details conditions for transferring funds between these accounts and the use of interest earned. Starting in the 2027-28 school year, interest from all funds must supplement, not supplant, teacher salaries unless otherwise obligated by law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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