Kentucky
General Assembly

Search

House Bill 141

Actions | Amendments
Last Action 04/02/18: returned to Appropriations & Revenue (S)
Title AN ACT relating to the emergency revolving school loan fund account, making an appropriation therefore, and declaring an emergency.
Bill Documents Current/Final
Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 888
Sponsors J. Carney, J. Blanton, T. Couch, C. Fugate, R. Huff
Summary of Original Version 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.
Index Headings of Original Version Fiscal Note - Department of Education, emergency revolving school loan fund account report
Fiscal Note - Department of Education, emergency revolving school loan fund account report
Administrative Regulations and Proceedings - Kentucky Board of Education, emergency revolving school loan fund account
Appropriations - Unexpended SEEK funds, transfer to emergency revolving school loan fund account
Education, Elementary and Secondary - Emergency revolving school loan fund account, loan eligability
Education, Finance - Emergency revolving school loan fund account, loan eligibility
Effective Dates, Emergency - Emergency revolving school loan fund account
Reports Mandated - Department of Education, emergency revolving school loan fund account report
State Agencies - Department of Education, emergency revolving school loan fund account, monitoring of
Jump to Proposed Amendments House Committee Substitute 1
House Floor Amendment 1
House Floor Amendment 2
Votes Vote History

Actions

Top | Amendments
01/04/18
  • introduced in House
01/08/18
  • to Appropriations & Revenue (H)
02/01/18
  • posted in committee
02/06/18
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/07/18
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 8, 2018
02/08/18
  • floor amendment (2) filed to Committee Substitute, floor amendment (1) filed to the Bill
02/09/18
  • 3rd reading
  • floor amendment (2) defeated
  • passed 85-2 with Committee Substitute
02/12/18
  • received in Senate
02/16/18
  • to Appropriations & Revenue (S)
04/02/18
  • taken from Appropriations & Revenue (S)
  • 1st reading
  • returned to Appropriations & Revenue (S)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary 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.
Index Headings Appropriations - SEEK funds, transfer to emergency revolving school loan fund account
Budget and Financial Administration - Emergency revolving school loan fund account, appropriation
Education, Elementary and Secondary - Emergency revolving school loan fund account, appropriation
Education, Finance - Emergency revolving school loan fund account, appropriation
Effective Dates, Emergency - HB 141

Amendment House Floor Amendment 1
Sponsor L. Bechler
Summary Prohibit a school district from receiving more than one loan from the emergency revolving school loan fund in any five year period.
Index Headings Appropriations - Emergency revolving school loan fund, school district eligibility for, restriction of
Education, Elementary and Secondary - Emergency revolving school loan fund, school district eligibility for, restriction of
Education, Finance - Emergency revolving school loan fund, school district eligibility for, restriction for

Amendment House Floor Amendment 2
Sponsor L. Bechler
Summary Prohibit a school district from receiving more than one loan from the emergency revolving school loan fund in any five year period.
Index Headings Education, Elementary and Secondary - Emergency revolving school loan fund, school district eligibility for, restriction of
Education, Finance - Emergency revolving school loan fund, school district eligibility for, restriction of
Appropriations - Emergency revolving school loan fund, school district eligibility for, restriction of

Last updated: 9/1/2020 2:57 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot.