IN SB0263 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-11 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-11 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Summary
School corporations and deficit financing. Provides that a school corporation is not considered to be in deficit financing if the sum of the ending respective cash balance on June 30 of the immediately preceding state fiscal year of: (1) the school corporation's rainy day fund; plus (2) the school corporation's education fund; exceeds an amount equal to 25% of the school corporation's most recently adopted annual budget.
Title
School corporations and deficit financing.
Sponsors
| Sen. Jon Ford [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-11 | Senate | First reading: referred to Committee on Appropriations |
| 2023-01-11 | Senate | Authored by Senator Ford Jon |
Subjects
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2023/bills/senate/263/details |
| Text | https://iga.in.gov/legislative/2023/bills/senate/263/#1.INTR |
