Print Friendly SENATE BILL NO. 1112 – Approp, school dist, use
SENATE BILL NO. 1112
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APPROPRIATIONS - Appropriates $60,000 for distribution to school districts
through the Average Daily Attendance formula, with moneys to be utilized to
pay off bonded indebtedness of school districts.
02/12 Senate intro - 1st rdg - to printing
02/13 Rpt prt - to Educ
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE SENATE
SENATE BILL NO. 1112
BY EDUCATION COMMITTEE
1 AN ACT
2 RELATING TO REDUCING BONDED INDEBTEDNESS OF SCHOOL DISTRICTS; APPROPRIATING
3 MONEYS FROM THE GENERAL FUND, TO PROVIDE A FORMULA FOR DISTRIBUTION, TO
4 PROVIDE PURPOSES FOR WHICH THE MONEYS MAY BE USED AND TO PROVIDE FOR CAR-
5 RYOVER AUTHORITY BY SCHOOL DISTRICTS; AND DECLARING AN EMERGENCY.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. (1) There is hereby appropriated $60,000,000 from the General
8 Fund to be expended for the purposes specified in this section. The money
9 shall be paid on warrants issued by the State Controller in amounts certified
10 by the Superintendent of Public Instruction. The distribution to each school
11 district shall be made in the same ratio as the total students in average
12 daily attendance within the school district bore to the total students in
13 average daily attendance in the state for the 1999-2000 school year.
14 (2) Money received by a school district pursuant to this distribution
15 shall be applied first to the reduction of any bonded indebtedness then exist-
16 ing in the district. If the school district has no outstanding bonded indebt-
17 edness, the money may be used for any purpose authorized in section 33-1102,
18 Idaho Code. A school district may accumulate the revenue received pursuant to
19 this appropriation in an account established for that purpose to be used by
20 the district to accomplish any purpose specified in this section.
21 SECTION 2. An emergency existing therefor, which emergency is hereby
22 declared to exist, this act shall be in full force and effect on and after its
23 passage and approval.
STATEMENT OF PURPOSE
The purpose of this legislation is to assist school districts with
their bonded indebtedness. This proposal willhelp address school
safety, new construction and property tax relief.
The cost would be $60 million from the general fund.
Name: Rep. Roger Chase
STATEMENT OF PURPOSE/FISCAL NOTE S 1112