Connecticut 2021 Regular Session

Connecticut Senate Bill SB00349 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 941 1 of 1
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55 General Assembly Proposed Bill No. 349
66 January Session, 2021
77 LCO No. 941
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1010 Referred to Committee on EDUCATION
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1313 Introduced by:
1414 SEN. FORMICA, 20
1515 th Dist.
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2020
2121 AN ACT PERMITTING REGIONAL SCHOOL DISTRICTS TO CARRY
2222 OVER UNEXPENDED FUNDS.
2323 Be it enacted by the Senate and House of Representatives in General
2424 Assembly convened:
2525
2626 That chapter 164 of the general statutes be amended to permit a 1
2727 regional board of education to deposit into a nonlapsing account any 2
2828 unexpended funds from the prior fiscal year from the budgeted 3
2929 appropriation for education for the regional school district, provided 4
3030 such deposited amount does not exceed two per cent of the total 5
3131 budgeted appropriation for education for such prior fiscal year, and 6
3232 each expenditure from such account shall be made only for educational 7
3333 purposes. 8
3434 Statement of Purpose:
3535 To ensure equity in education savings by creating parity between local
3636 and regional boards of education with regard to nonlapsing reserve
3737 funds.