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WY HB0030

WY HB0030
School finance-increasing cash reserves.


summary

Introduced
02/14/2022
In Committee
02/28/2022
Crossed Over
02/21/2022
Passed
03/03/2022
Dead
Signed/Enacted/Adopted
03/08/2022

Introduced Session

2022 General Session

Bill Summary

AN ACT relating to school finance; implementing modifications to the Wyoming education resource block grant model; increasing the amount that can be computed for a school district's operating balance and cash reserves; prohibiting expenditures on capital construction during a specified period; and providing for an effective date.

AI Summary

This bill aims to increase the amount that can be computed for a school district's operating balance and cash reserves in Wyoming from 15% to 30% of the total foundation program amount for the fiscal years from 2022 to 2026. The bill also prohibits districts from using the additional cash reserves for capital construction during this period, except for major building and facility repair and replacement. The bill also includes provisions for accounting and reporting of the increased cash reserves separately.

Committee Categories

Education

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Education (Joint)

Last Action

Assigned Chapter Number 14 (on 03/08/2022)

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