Staff Analysis of the Legislation
|
SB1472- TPT; use tax; education; distribution Distributes a fixed amount of $300,000,000, instead of $64,100,000, each fiscal year to the Classroom Site Fund. Distributes a fixed amount of $28,308,000 each fiscal year to the universities' Technology and Research Initiative Fund, in addition to the distribution of 12 percent of monies remaining after distribution to the Classroom Site Fund. Distributes a fixed amount of $6,227,800 each fiscal year to the community college districts' Workforce Development Account, in addition to the distribution of 3 percent of monies remaining after distribution to the Classroom Site Fund and the universities' Technology and Research Initiative Fund. |