KY HB141 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Engrossed on February 12 2018 - 50% progression, died in committee
Action: 2018-04-02 - returned to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Draft #2) [PDF]

Summary

Amend KRS 160.599 to remove eligibility criteria for a loan from the emergency revolving school loan fund account; provide loan eligibility for a school district with a significant revenue shortfall due to circumstances beyond the district's control or other extraordinary financial circumstances; reduce the maximum loan term from 10 to 5 years; increase the maximum loan amount from $250,000 to $500,000; authorize the Kentucky Board of Education to promulgate administrative regulations regarding the loan process; direct the Kentucky Department of Education to monitor loans made from the emergency revolving school loan fund account and provide the Interim Joint Committee on Appropriations and Revenue a financial report by October 1 each year; amend KRS 157.330 to specify that any unexpended SEEK funds shall not lapse and shall be transferred to the emergency revolving school loan fund account; APPROPRIATION; EMERGENCY.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

AN ACT relating to the emergency revolving school loan fund account, making an appropriation therefore, and declaring an emergency.

Sponsors


Roll Calls

2018-02-09 - House - House: Third Reading RCS# 107 (Y: 85 N: 2 NV: 0 Abs: 11) [PASS]
2018-02-09 - House - House: Consider Motion HFA 2 RCS# 106 (Y: 18 N: 57 NV: 0 Abs: 23) [FAIL]

History

DateChamberAction
2018-04-02Senatereturned to Appropriations & Revenue (S)
2018-04-02Senate1st reading
2018-04-02Senatetaken from Appropriations & Revenue (S)
2018-02-16Senateto Appropriations & Revenue (S)
2018-02-12Senatereceived in Senate
2018-02-09Housepassed 85-2 with Committee Substitute
2018-02-09Housefloor amendment (2) defeated
2018-02-09House3rd reading
2018-02-08Housefloor amendment (2) filed to Committee Substitute, floor amendment (1) filed to the Bill
2018-02-07Houseposted for passage in the Regular Orders of the Day for Thursday, February 8, 2018
2018-02-07House2nd reading, to Rules
2018-02-06Housereported favorably, 1st reading, to Calendar with Committee Substitute
2018-02-01Houseposted in committee
2018-01-08Houseto Appropriations & Revenue (H)
2018-01-04Houseintroduced in House

Kentucky State Sources


Bill Comments

feedback