Nevada AB47 revises the Education Stabilization Account to allocate excess funds to school districts for teacher retention, recruitment, training.
Nevada AB47 modifies the Education Stabilization Account by requiring funds exceeding a certain percentage of appropriations and authorizations from the State Education Fund to be used for teacher retention, recruitment, training, and professional development. The bill mandates that school districts submit expenditure plans and reports to the Department of Education. It also sets a limit on the balance in the Education Stabilization Account, requiring any excess funds to be transferred to the State Education Fund.
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