Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 941 1 of 1 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 349 | |
6 | 6 | January Session, 2021 | |
7 | 7 | LCO No. 941 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on EDUCATION | |
11 | 11 | ||
12 | 12 | ||
13 | 13 | Introduced by: | |
14 | 14 | SEN. FORMICA, 20 | |
15 | 15 | th Dist. | |
16 | 16 | ||
17 | 17 | ||
18 | 18 | ||
19 | 19 | ||
20 | 20 | ||
21 | 21 | AN ACT PERMITTING REGIONAL SCHOOL DISTRICTS TO CARRY | |
22 | 22 | OVER UNEXPENDED FUNDS. | |
23 | 23 | Be it enacted by the Senate and House of Representatives in General | |
24 | 24 | Assembly convened: | |
25 | 25 | ||
26 | 26 | That chapter 164 of the general statutes be amended to permit a 1 | |
27 | 27 | regional board of education to deposit into a nonlapsing account any 2 | |
28 | 28 | unexpended funds from the prior fiscal year from the budgeted 3 | |
29 | 29 | appropriation for education for the regional school district, provided 4 | |
30 | 30 | such deposited amount does not exceed two per cent of the total 5 | |
31 | 31 | budgeted appropriation for education for such prior fiscal year, and 6 | |
32 | 32 | each expenditure from such account shall be made only for educational 7 | |
33 | 33 | purposes. 8 | |
34 | 34 | Statement of Purpose: | |
35 | 35 | To ensure equity in education savings by creating parity between local | |
36 | 36 | and regional boards of education with regard to nonlapsing reserve | |
37 | 37 | funds. |