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2000 SESSION
SB 521 State Lottery Fund; distribution to schools.
Introduced by: J. Randy Forbes | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
State Lottery Fund. Establishes, in statute, the distribution of the lottery proceeds to local school divisions that is currently only set forth in the 1998-2000 biennium budget. This provision requires that any lottery revenues remaining after lottery funds are specified, together with such other general funds as may be appropriated for the Standards of Quality, to be used to fund the state's share of Basic Aid Payments in any budget item or budget subprogram relating to appropriation, apportionment, and distribution of lottery proceeds to localities must be appropriated, apportioned, and distributed upon the following conditions: (i) no more than 50 percent for recurring costs and at least 50 percent for nonrecurring costs; (ii) the funds must be matched by local governments, based on the composite index of local ability-to-pay; (iii) in order to receive the money, the locality must appropriate the funds solely for educational purposes and must not use the funds to reduce total local operating expenditures for public education below the amount expended by the locality for such purposes in the year upon which the relevant biennial Standards of Quality expenditure data were based; (iv) no locality will be required to maintain a per-pupil expenditure that is greater than the per-pupil amount expended by the locality for such purposes in the year upon which the relevant biennial Standards of Quality expenditure data were based; and (v) nonrecurring costs mean school construction, additions, infrastructure, site acquisition, renovations, technology, and other expenditures related to modernizing classroom equipment, and debt service payments on school projects completed during the last ten years.
FULL TEXT
HISTORY
- 01/24/00 Senate: Presented & ordered printed 008746424
- 01/24/00 Senate: Referred to Committee on Finance
- 02/15/00 Senate: Left in Finance