Catharine B. Baker
- Republican
Author
In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school district's adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school district's units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance. This bill would repeal those provisions. This bill would declare that it is to take effect immediately as an urgency statute.
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Article IV, Sec. 10(c) of the Constitution.
In committee: Set, first hearing. Failed passage. Reconsideration granted.
From printer. May be heard in committee March 29.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1048 | HTML |
| 02/26/15 - Introduced |
| Document | Format |
|---|---|
| No related documents. |
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