SB445 - Directs unobligated cash balance in the school building revolving fund as of Aug. 28, 2003 to the foundation formula

SB 0445

Directs unobligated cash balance in the school building revolving fund as of Aug. 28, 2003 to the foundation formula

Sponsor:	Shields
LR Number:	1568S.01I	Fiscal Note:	1568-01
Committee:	Education
Last Action:	02/13/03 - Second Read and Referred S Education Committee		Journal page:	S224
Title:
Effective Date:	August 28, 2003

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Current Bill Summary

SB 445 - This act directs any unobligated cash balance in the school building revolving fund as of August 28, 2003 to the foundation formula.

Any and all deposits made to the school building revolving fund after August 28, 2003, shall be immediately transferred to the state school moneys fund.
DONALD THALHUBER