Modifies and establishes provisions relating to moneys in school funds
Advances the clean energy transition by modifying and establishing provisions relating to moneys in school funds. Specifies that the capital projects fund shall be capped at a maximum of ten percent of undesignated balances with any undesignated balances over ten percent to be transferred at the beginning of the fiscal year to the teachers' fund. Requires that all interest earned from balances in the teachers' fund, incidental fund, capital projects fund, and debt service fund shall be used to supplement, not supplant, moneys used for teacher salaries to the extent that such interest is not.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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