Bill
Bill > HF60
IA HF60
A bill for an act relating to budget adjustments by school districts affected by a natural disaster.(See HF 315.)
summary
Introduced
01/15/2025
01/15/2025
In Committee
01/15/2025
01/15/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill relates to budget adjustments by school districts affected by a natural disaster. Currently, a school district is eligible for a budget adjustment in an amount equal to the difference between the regular program district cost for the budget year and 101 percent of the regular program district cost for the base year. The bill provides for an additional year of budget adjustment if, during the base year or the budget year preceding the base year, a natural disaster impacts the school district for which a major disaster has been declared to exist by the president of the United States or for which the governor has proclaimed a state of disaster emergency. The amount of such additional year of budget adjustment shall be equal to the amount of the school district’s budget adjustment for the base year.
AI Summary
This bill modifies existing school district budget adjustment rules by providing additional financial relief for districts impacted by significant natural disasters. Currently, school districts can receive a budget adjustment equal to the difference between their current year's regular program district cost and 101 percent of their previous year's cost. The proposed legislation adds a new provision that allows school districts experiencing a presidentially declared major disaster or a governor-proclaimed state of disaster emergency during the base year or preceding budget year to receive an additional budget adjustment. This extra adjustment would be equal to the amount of the school district's budget adjustment from the base year. In practical terms, this means that if a school district suffers a major natural disaster, they can receive supplemental funding to help offset the financial challenges caused by the disaster, providing a form of financial resilience and support during difficult circumstances.
Committee Categories
Education
Sponsors (1)
Last Action
Withdrawn. H.J. 660. (on 03/14/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF60 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF60.html |
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