Relates to reimbursement of school districts for expenditures resulting from certain civil action settlements or jury awards related to child sex offenses if there was a monetary judgement issued or settlement agreement, the school district has no applicable insurance and the settlement or jury award would put a substantial financial burden on the school district.
Relates to reimbursement of school districts for expenditures resulting from certain civil action settlements or jury awards related to child sex offenses if there was a monetary judgement issued or settlement agreement, the school district has no applicable insurance and the settlement or jury award would put a substantial financial burden on the school district.
Creates a school budget tax cap exemption for expenditures resulting from settlements or jury awards for civil actions brought against school districts under the child victims act.
Creates a school budget tax cap exemption for expenditures resulting from settlements or jury awards for civil actions brought against school districts under the child victims act.
Establishes the child victims act fund which provides grant awards in reimbursement to public school districts and voluntary foster care agencies located within the state who have been named as defendants in certain child sexual abuse legal cases and in which it can be demonstrated by the public school district or voluntary foster care agency that no insurance policy for the covered period can be located after a good-faith effort to do so has been made, there was a monetary judgment issued or settlement agreement with regard to such action and where it can be demonstrated by the public school district or voluntary foster care agency that payment in full of such judgment or settlement would put a substantial burden on the district's or agency's ability to execute its mission and negatively impact its existing student population.
Establishes the child victims act fund which provides grant awards in reimbursement to public school districts and voluntary foster care agencies located within the state who have been named as defendants in certain child sexual abuse legal cases and in which it can be demonstrated by the public school district or voluntary foster care agency that no insurance policy for the covered period can be located after a good-faith effort to do so has been made, there was a monetary judgment issued or settlement agreement with regard to such action and where it can be demonstrated by the public school district or voluntary foster care agency that payment in full of such judgment or settlement would put a substantial burden on the district's or agency's ability to execute its mission and negatively impact its existing student population.
Provides that for settlements that require a court order, the order, or the judgment in a special proceeding, shall provide for the payment of interest on the settlement amount at the statutory interest rate on judgments.
Provides that for settlements that require a court order, the order, or the judgment in a special proceeding, shall provide for the payment of interest on the settlement amount at the statutory interest rate on judgments.