| 1 | | - | Amended IN Senate April 17, 2017 Amended IN Senate March 30, 2017 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 590Introduced by Senator Moorlach(Principal coauthor: Senator Bates)(Coauthors: Senators Berryhill, Gaines, Morrell, Nielsen, and Vidak Vidak, and Wilk)(Coauthor: Assembly Member Baker)February 17, 2017 An act to repeal Section 42127.01 of the Education Code, relating to school district finance. LEGISLATIVE COUNSEL'S DIGESTSB 590, as amended, Moorlach. School finance: school districts: annual budgets: reserve balance.In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school districts adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school districts units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance.This bill would repeal those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 42127.01 of the Education Code is repealed. |
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| 1 | + | Amended IN Senate March 30, 2017 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 590Introduced by Senator Moorlach(Principal coauthor: Senator Bates)(Coauthors: Senators Berryhill, Gaines, Morrell, Nielsen, and Vidak)(Coauthor: Assembly Member Baker)February 17, 2017 An act to repeal Section 42127.01 of the Education Code, relating to school district finance. LEGISLATIVE COUNSEL'S DIGESTSB 590, as amended, Moorlach. School finance: school districts: annual budgets: reserve balance.In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school districts adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school districts units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance.This bill would repeal those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 42127.01 of the Education Code is repealed. |
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| 3 | | - | Amended IN Senate April 17, 2017 Amended IN Senate March 30, 2017 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 590Introduced by Senator Moorlach(Principal coauthor: Senator Bates)(Coauthors: Senators Berryhill, Gaines, Morrell, Nielsen, and Vidak Vidak, and Wilk)(Coauthor: Assembly Member Baker)February 17, 2017 An act to repeal Section 42127.01 of the Education Code, relating to school district finance. LEGISLATIVE COUNSEL'S DIGESTSB 590, as amended, Moorlach. School finance: school districts: annual budgets: reserve balance.In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school districts adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school districts units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance.This bill would repeal those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO |
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| 3 | + | Amended IN Senate March 30, 2017 CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 590Introduced by Senator Moorlach(Principal coauthor: Senator Bates)(Coauthors: Senators Berryhill, Gaines, Morrell, Nielsen, and Vidak)(Coauthor: Assembly Member Baker)February 17, 2017 An act to repeal Section 42127.01 of the Education Code, relating to school district finance. LEGISLATIVE COUNSEL'S DIGESTSB 590, as amended, Moorlach. School finance: school districts: annual budgets: reserve balance.In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school districts adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school districts units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance.This bill would repeal those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO |
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| 17 | 16 | | February 17, 2017 |
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| 18 | 17 | | |
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| 19 | 18 | | An act to repeal Section 42127.01 of the Education Code, relating to school district finance. |
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| 20 | 19 | | |
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| 21 | 20 | | LEGISLATIVE COUNSEL'S DIGEST |
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| 22 | 21 | | |
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| 23 | 22 | | ## LEGISLATIVE COUNSEL'S DIGEST |
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| 24 | 23 | | |
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| 25 | 24 | | SB 590, as amended, Moorlach. School finance: school districts: annual budgets: reserve balance. |
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| 26 | 25 | | |
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| 27 | 26 | | In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school districts adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school districts units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance.This bill would repeal those provisions. |
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| 28 | 27 | | |
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| 29 | 28 | | In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school districts adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school districts units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance. |
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| 30 | 29 | | |
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| 31 | 30 | | This bill would repeal those provisions. |
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| 32 | 31 | | |
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| 33 | 32 | | ## Digest Key |
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| 34 | 33 | | |
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| 35 | 34 | | ## Bill Text |
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| 36 | 35 | | |
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| 37 | 36 | | The people of the State of California do enact as follows:SECTION 1. Section 42127.01 of the Education Code is repealed. |
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| 38 | 37 | | |
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| 39 | 38 | | The people of the State of California do enact as follows: |
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| 40 | 39 | | |
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| 41 | 40 | | ## The people of the State of California do enact as follows: |
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| 42 | 41 | | |
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| 43 | 42 | | SECTION 1. Section 42127.01 of the Education Code is repealed. |
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| 44 | 43 | | |
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| 45 | 44 | | SECTION 1. Section 42127.01 of the Education Code is repealed. |
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| 46 | 45 | | |
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| 47 | 46 | | ### SECTION 1. |
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