Authorizes school districts to borrow against certain reserve funds to reduce reliance on tax anticipation notes and revenue anticipation notes.

This bill allows school districts to borrow from specific reserve funds, such as the workers' compensation reserve fund and the unemployment insurance payment reserve fund, to reduce reliance on tax anticipation notes and revenue anticipation notes. The borrowing must be approved by a resolution from the school district's board of education and must include details such as the amount to be borrowed, the reserve fund, and the anticipated repayment schedule.

Authorizes school districts to borrow against certain reserve funds to reduce reliance on tax anticipation notes and revenue anticipation notes.

This bill allows school districts to borrow from specific reserve funds, such as the workers' compensation reserve fund and the unemployment insurance payment reserve fund, to reduce reliance on tax anticipation notes and revenue anticipation notes. The borrowing must be approved by a resolution from the school district's board of education and must include details such as the amount to be borrowed, the reserve fund, and the anticipated repayment schedule.