Fiscal Note

SB0071S02 - School District Amendments

State Impact:
Enactment of this bill will not require additional appropriations.

Individual, Business and/or Local Impact:
Enactment of this bill allows the use of up to $9 million of an existing school district's operations fund balance by the newly created school district and remaining school district for start-up and transition expenses. Enactment of this bill requires the city (or cities) whose legislative body appoints a transition team for a new school district to pay for the costs and expenses of the new school district's transition team. Bill provisions allow for the city (or cities) to be reimbursed by the new school district, up to a maximum of $500,000.