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HB24-1394

Mill Levy Equalization

Concerning funding for charter school institute mill levy equalization, and, in connection therewith, increasing and decreasing appropriations.
Session:
2024 Regular Session
Subject:
Education & School Finance (Pre & K-12)
Bill Summary

Joint Budget Committee. Current law requires the general assembly to appropriate or transfer money to the mill levy equalization fund (fund) for institute charter school funding. The bill repeals the fund.

For the 2024-25 budget year and each budget year thereafter, the general assembly shall appropriate money from the general fund or the state education fund to the state charter school institute to fund full mill levy equalization for all institute charter schools.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details