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General Assembly Raised Bill No. 7112
January Session, 2019
LCO No. 4045
Referred to Committee on EDUCATION
Introduced by:
(ED)
AN ACT INCREASING THE AMOUN T A TOWN MAY DEPOSIT INTO A
NONLAPSING ACCOUNT F OR UNEXPENDED EDUCAT ION FUNDS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. Section 10-248a of the general statutes is repealed and the 1
following is substituted in lieu thereof (Effective July 1, 2019): 2
For the fiscal year ending June 30, [2011] 2020, and each fiscal year 3
thereafter, notwithstanding any provision of the general statutes or 4
any special act, municipal charter, home rule ordinance or other 5
ordinance, the board of finance in each town having a board of finance, 6
the board of selectman in each town having no board of finance or the 7
authority making appropriations for the school district for each town 8
may deposit into a nonlapsing account any unexpended funds from 9
the prior fiscal year from the budgeted appropriation for education for 10
the town, provided (1) such deposited amount does not exceed [one] 11
two per cent of the total budgeted appropriation for education for such 12
prior fiscal year, (2) each expenditure from such account shall be made 13
only for educational purposes, and (3) each such expenditure shall be 14
authorized by the local board of education for such town. 15 Raised Bill No. 7112
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This act shall take effect as follows and shall amend the following
sections:
Section 1 July 1, 2019 10-248a
ED Joint Favorable