Fiscal Note

HB0429 - Use of Surplus Education Fund and Uniform School Fund Monies

State Impact:
Enactment of this bill will not require additional appropriations. The bill would require 50 percent of any year-end surpluses in the Education and the Uniform School Funds be transferred to the Capital Outlay Foundation.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals and businesses. Local districts may benefit from increased revenue available for school construction.