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2024 SESSION

• | print version

HB 599 School boards; unexpended local funds, capital reserve fund permitted.

Introduced by: Shelly A. Simonds | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

School boards; unexpended local funds; capital reserve fund permitted. Permits any school board, with the concurrence of the local governing body, to establish a capital reserve fund as a savings account into which it exclusively deposits the local operating funds that remain unexpended at the end of the year for future school division capital expenditures at no additional cost to local taxpayers, subject to certain conditions enumerated in the bill.

FULL TEXT

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24102222D  pdf | impact statement
• 02/29/24  House: Bill text as passed House and Senate (HB599ER)  pdf | impact statement
• 04/02/24  Governor: Acts of Assembly Chapter text (CHAP0294)  pdf

HISTORY

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24102222D
• 01/09/24  House: Referred to Committee on Education
• 01/19/24  House: Assigned Education sub: K-12 Subcommittee
• 01/30/24  House: Subcommittee recommends reporting (8-Y 0-N)
• 01/31/24  House: Reported from Education (21-Y 0-N)
• 02/02/24  House: Read first time
• 02/05/24  House: Read second time and engrossed
• 02/06/24  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 02/06/24  House: VOTE: Block Vote Passage (99-Y 0-N)
• 02/07/24  Senate: Constitutional reading dispensed
• 02/07/24  Senate: Referred to Committee on Education and Health
• 02/14/24  Senate: Assigned Education and Health Sub: Public Education
• 02/22/24  Senate: Reported from Education and Health (15-Y 0-N)
• 02/23/24  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/26/24  Senate: Read third time
• 02/26/24  Senate: Passed Senate (40-Y 0-N)
• 02/29/24  House: Enrolled
• 02/29/24  House: Bill text as passed House and Senate (HB599ER)
• 02/29/24  House: Signed by Speaker
• 03/03/24  Senate: Signed by President
• 03/11/24  House: Enrolled Bill communicated to Governor on March 11, 2024
• 03/11/24  Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
• 04/02/24  Governor: Approved by Governor-Chapter 294 (effective 7/1/24)
• 04/02/24  Governor: Acts of Assembly Chapter text (CHAP0294)