summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th 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, which may not have been anticipated in their funding calculations. The fund will be financed through public and private sources, including appropriations, gifts, grants, and donations. The bill sets a minimum balance of $2 million and a maximum balance of $30 million for the fund, and allows up to 8% of the funds to be used for administrative costs. The bill outlines the application process for districts to receive reimbursement from the fund, which includes a deadline of March 1 and a requirement of a net enrollment increase of over 100 new students.
Committee Categories
Education
Sponsors (3)
Last Action
Accompanied a study order, see H4672 (on 07/02/2018)
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://malegislature.gov/Bills/190/H2846 |
| Bill | https://malegislature.gov/Bills/190/H2846.pdf |
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