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Bill > H436


MA H436

Establishing an unfunded student reserve fund


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish an unfunded student reserve fund to be expended, without further appropriation, by the Department of Elementary and Secondary Education. Education.

AI Summary

This bill establishes an Unfunded Student Reserve Fund to be administered by the Department of Elementary and Secondary Education. The fund will be used to reimburse school districts that experience a large influx of new students during the fiscal year, beyond what was anticipated in their funding calculations. The fund can receive public and private funding, including appropriations, gifts, grants, and donations, and any unexpended funds at the end of the fiscal year will roll over for use the following year. The bill sets guidelines for the fund, including a minimum balance of $2 million and a maximum of $30 million, with no more than 8% of the fund to be used for administration costs. Districts must apply for reimbursement if they have a net enrollment increase of over 100 students between October 1 and March 1, with the application deadline of March 1 and reimbursement provided by April 15.

Committee Categories

Education

Sponsors (4)

Last Action

Accompanied a new draft, see S2348 (on 09/19/2019)

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