Authorizes school districts to establish a charter school payment reserve account.
This bill allows school districts to create a charter school payment reserve account. The account can be used to cover any increase in charter school payments if the district budgets less than the projected amount. The account can also be used for school security improvements. The board of education can transfer interest earned on investments in the account to the district’s general fund.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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