Bill Text: CA SB590 | 2017-2018 | Regular Session | Amended
Bill Title: School finance: school districts: annual budgets: reserve balance.
Sponsorship: Partisan Bill (Republican 9)
Status: (Failed) 2018-02-01 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB590 Detail]
Download: California-2017-SB590-Amended.html
|
Amended
IN
Senate
April 17, 2017 |
|
Amended
IN
Senate
March 30, 2017 |
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
| Senate Bill | No. 590 |
| Introduced by Senator Moorlach (Principal coauthor: Senator Bates) (Coauthors: Senators Berryhill, Gaines, Morrell, Nielsen, (Coauthor: Assembly Member Baker) |
February 17, 2017 |
An act to repeal Section 42127.01 of the Education Code, relating to school district finance.
LEGISLATIVE COUNSEL'S DIGEST
SB 590, as amended, Moorlach.
School finance: school districts: annual budgets: reserve balance.
In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school district’s adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school district’s units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance.
This bill would repeal those
provisions.
