Bill Text: IN HB1109 | 2016 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: School funding and annual performance grants. Extends through 2018 the eligibility of school corporations to allocate circuit breaker credits proportionately. Provides, with some exceptions, that if: (1) a school corporation in 2017 or 2018 issues new bonds or enters into a new lease rental agreement for which the school corporation is imposing or will impose a debt service levy; and (2) the school corporation's total debt service levy in 2017 or 2018 is greater than the school corporation's debt service levy in 2016; the school corporation is not eligible to allocate circuit breaker credits proportionally. Extends the date to January
Spectrum: Moderate Partisan Bill (Republican 7-2)
Status: (Passed) 2016-03-23 - Public Law 151 [HB1109 Detail]
Download: Indiana-2016-HB1109-Amended.pdf
Bill Title: School funding and annual performance grants. Extends through 2018 the eligibility of school corporations to allocate circuit breaker credits proportionately. Provides, with some exceptions, that if: (1) a school corporation in 2017 or 2018 issues new bonds or enters into a new lease rental agreement for which the school corporation is imposing or will impose a debt service levy; and (2) the school corporation's total debt service levy in 2017 or 2018 is greater than the school corporation's debt service levy in 2016; the school corporation is not eligible to allocate circuit breaker credits proportionally. Extends the date to January
Spectrum: Moderate Partisan Bill (Republican 7-2)
Status: (Passed) 2016-03-23 - Public Law 151 [HB1109 Detail]
Download: Indiana-2016-HB1109-Amended.pdf
