SB 1037 – Modifies recalculation of the state adequacy target amount under the elementary and secondary education school funding formula

• Sponsor: Shields
• LR Number: 4651S.01I
• Committee: Education
• Last Action: 1/30/2008 - Second Read and Referred S Education Committee
• Journal Page: S153
• Effective Date: August 28, 2008

Current Bill Summary

SB 1037 – This act modifies the calculation of the state adequacy target under the elementary and secondary education school funding formula. Current law provides that a recalculation will never result in a decrease from the previous state adequacy target. This act provides that a recalculation will never result in a decrease of 102% of the previous state adequacy target amount.

MICHAEL RUFF