Last Action | signed by Governor (Acts Ch. 80) |
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Title | AN ACT relating to school finance. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 2335 |
Sponsors | H. Moberly Jr., J. Greer, R. Rand |
Summary of Original Version | Amend KRS 157.621 to include authorization for the growth nickel that was originally authorized by the 2003 budget; provide that levy of the growth nickels are not subject to recall or voter approval; include equalization funding for the growth nickel authorized under KRS 157.621, as well as equalization funding originally included in the 2005 and 2006 budgets; include noncodified language expressing the intent of the General Assembly to affirm actions taken in the 2003, 2005, and 2006 budget bills. |
Index Headings of Original Version |
Fiscal Note - Growth nickels for schools, authorize in statute Education, Elementary and Secondary - Growth nickels and equalization, authorize in statute Education, Finance - Growth nickels and equalization, authorize in statute Taxation - Growth nickels for schools, authorize in statute |
Proposed Amendments |
House Committee Substitute 1 House Committee Amendment 1 Senate Committee Substitute 1 Senate Committee Amendment 1 |
Votes | Vote History |
03/04/08 |
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03/05/08 |
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03/06/08 |
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03/11/08 |
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03/12/08 |
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03/14/08 |
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03/17/08 |
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03/25/08 |
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03/26/08 |
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03/27/08 |
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03/28/08 |
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04/01/08 |
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04/11/08 |
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Amendment | House Committee Substitute 1 |
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Impact Statements | Fiscal Note |
Summary | Retain original provisions; include authorization for school districts impacted by the Base Realignment and Closure (BRAC) 2005 that meet the requirements set forth in the Act to levy an additional nickel and to receive equalization for the first growth nickel to support school facility construction; delete date limitations; include language authorizing all prior levies by local school districts and affirming all equalization payments made previously and providing that the current status regarding levies and equalization funding shall be maintained until amended by the General Assembly; provide standards for additional school districts to receive equalization funding going forward. |
Index Headings |
Fiscal Note - Growth nickels for schools, authorize in statute Education, Elementary and Secondary - Growth nickels and equalization, authorize in statute Education, Finance - Growth nickels and equalization, authorize in statute Taxation - Growth nickels for schools, authorize in statute |
Amendment | House Committee Amendment 1 |
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Sponsor | H. Moberly Jr. |
Summary | Amend Section 2 of the bill to more clearly state and affirm the intent of the General Assembly in authorizing the levy of growth nickels in past budget bills, and in providing equalization funding to support those levies. |
Index Headings |
Fiscal Note - Growth nickels for schools, authorize in statute Education, Elementary and Secondary - Growth nickels and equalization, authorize in statute Education, Finance - Growth nickels and equalization, authorize in statute Taxation - Growth nickels for schools, authorize in statute |
Amendment | Senate Committee Substitute 1 |
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Impact Statements | Fiscal Note |
Summary | Retain original provisions except amend language to prohibit imposition of any growth nickels after the effective date of the Act; to amend the requirements for a school district to qualify to levy the "BRAC nickel", to amend language included in the equalization for the ten cent levy to require that the levy be made prior to the effective date of this Act, and to declare an emergency. |
Index Headings |
Fiscal Note - Growth nickels for schools, authorize in statute Education, Elementary and Secondary - Growth nickels and equalization, authorize in statute Education, Finance - Growth nickels and equalization, authorize in statute Taxation - Growth nickels for schools, authorize in statute |
Amendment | Senate Committee Amendment 1 |
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Sponsor | V. McGaha |
Summary | Make title amendment. |
Index Headings |
Fiscal Note - Growth nickels for schools, authorize in statute Education, Elementary and Secondary - Growth nickels and equalization, authorize in statute Education, Finance - Growth nickels and equalization, authorize in statute Taxation - Growth nickels for schools, authorize in statute |
Last updated: 8/28/2019 8:09 AM (EDT)