LCO No. 941 1 of 1
General Assembly Proposed Bill No. 349
January Session, 2021
LCO No. 941
Referred to Committee on EDUCATION
Introduced by:
SEN. FORMICA, 20
th Dist.
AN ACT PERMITTING REGIONAL SCHOOL DISTRICTS TO CARRY
OVER UNEXPENDED FUNDS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That chapter 164 of the general statutes be amended to permit a 1
regional board of education to deposit into a nonlapsing account any 2
unexpended funds from the prior fiscal year from the budgeted 3
appropriation for education for the regional school district, provided 4
such deposited amount does not exceed two per cent of the total 5
budgeted appropriation for education for such prior fiscal year, and 6
each expenditure from such account shall be made only for educational 7
purposes. 8
Statement of Purpose:
To ensure equity in education savings by creating parity between local
and regional boards of education with regard to nonlapsing reserve
funds.