SUMMARY:

LC 33 7507   LC 33 8032S

Would strengthen provisions relating to the financial management of local school systems. The majority of these provisions would focus on school systems deemed "high risk". School systems would be considered high risk if they have reported irregularities or budget deficits for three or more consecutive years. School systems that have reported irregularities or budget deficits for one year, or two consecutive years would be classified as "moderate risk" school systems. 

The State Board of Education will be required to furnish all local boards of education a template which will be used to review the financial status of their school system. 

EFFECTIVE DATE:

July 1, 2019, if passed. 

July 1, 2020, if passed.