Introduced by Rep. Lisa Lyons (R) on March 10, 2015
To give the Department Treasury the authority to withhold state school aid payments from an overspending school district that fails to submit an acceptable “deficit elimination plan” as required by law, or which falls more deeply into financial trouble and must operate under an “enhanced” deficit plan. This is part of a package comprised of House Bills 4325 to 4330 intended to create an “early warning system” for school district with financial problems. Official Text and Analysis.
Referred to the House Financial Liability Reform Committee on March 10, 2015
Reported in the House on April 15, 2015
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.