2011 Session

Budget Amendments - HB1500 (Conference Report)

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Extend Carryover Language for Second Year (language only)

Item 132 #9c

Item 132 #9c

Education: Elementary and Secondary
Direct Aid To Public Education

Page 115, line 1, after "24." and insert "a.".
Page 115, after line 7, insert:
"b. Any locality that has met its required local effort for the Standards of Quality accounts for fiscal year 2012 and that has met its required local match for incentive or Lottery-funded programs in which the locality elected to participate in fiscal year 2012 may carry over into fiscal year 2013 any remaining state Direct Aid to Public Education fund balances available to help minimize any fiscal year 2013 revenue adjustments that may occur in state funding to that locality.  Localities electing to carry forward such unspent state funds must appropriate the funds to the school division for expenditure in fiscal year 2013."

(This amendment allows a school division to carry over any unspent state funds from fiscal year year 2012 into fiscal year 2013 provided that the division has satisfied certain local financial obligations.)