HB141
WWW Version
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HB 141/FN (BR 888) - J. Carney, J. Blanton, T. Couch, C. Fugate, R. Huff
AN ACT relating to the emergency revolving school loan fund account, making an appropriation therefore, and declaring an emergency.
Amend KRS 160.599 to remove eligibility criteria for a loan from the emergency revolving school loan fund account; provide loan eligibility for a school district with a significant revenue shortfall due to circumstances beyond the district's control or other extraordinary financial circumstances; reduce the maximum loan term from 10 to 5 years; increase the maximum loan amount from $250,000 to $500,000; authorize the Kentucky Board of Education to promulgate administrative regulations regarding the loan process; direct the Kentucky Department of Education to monitor loans made from the emergency revolving school loan fund account and provide the Interim Joint Committee on Appropriations and Revenue a financial report by October 1 each year; amend KRS 157.330 to specify that any unexpended SEEK funds shall not lapse and shall be transferred to the emergency revolving school loan fund account; APPROPRIATION; EMERGENCY.
AMENDMENTS
HCS1 - Retain original provisions and amend 2016-2018 operating budget to provide $7 million in fiscal year 2017-2018 for the Emergency Revolving School Loan Fund Account: APPROPRIATION; EMERGENCY.
HFA1( L. Bechler ) - Prohibit a school district from receiving more than one loan from the emergency revolving school loan fund in any five year period.
HFA2( L. Bechler ) - Prohibit a school district from receiving more than one loan from the emergency revolving school loan fund in any five year period.
HFA1( L. Bechler ) - Prohibit a school district from receiving more than one loan from the emergency revolving school loan fund in any five year period.
HFA2( L. Bechler ) - Prohibit a school district from receiving more than one loan from the emergency revolving school loan fund in any five year period.
Jan 04, 2018 - introduced in House
Jan 08, 2018 - to Appropriations & Revenue (H)
Feb 01, 2018 - posted in committee
Feb 06, 2018 - reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 07, 2018 - 2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 8, 2018
Feb 08, 2018 - floor amendment (2) filed to Committee Substitute, floor amendment (1) filed to the Bill
Feb 09, 2018 - 3rd reading; floor amendment (2) defeated; passed 85-2 with Committee Substitute
Feb 12, 2018 - received in Senate
Feb 16, 2018 - to Appropriations & Revenue (S)
Apr 02, 2018 - taken from Appropriations & Revenue (S); 1st reading; returned to Appropriations & Revenue (S)