Israel O'Quinn
- Republican
- Delegate
- District 44
Local school boards; composite index of local ability-to-pay; required local effort; adjustment in certain circumstances.Provides that in any case in which a local school board entersinto a comprehensive agreement with a private entity pursuant tothe Public-Private Education Facilities and Infrastructure Act of2002 whereby the private entity finances the construction of a newpublic school building in the local school division through the issuanceof bonds; leases the building to the local school board in an arrangementsuch as a certificate of participation, a double net lease, or atriple net lease; and expects the local school board to make leasepayments in an annual amount that approximates or is equal to theannual debt service on such bonds, the Department of Education shallnot consider 50 percent of such lease payments as capital outlayand debt service and therefore shall not subtract such payments inthe biennial calculation of net local expenditures for operationsor required local effort for the purpose of determining such localschool division's composite index of local ability-to-pay, if sorequested by the local school board.
Left in Appropriations
Subcommittee recommends laying on the table (8-Y 0-N)
Impact statement from DPB (HB559H1)
Reported from Education with substitute (22-Y 0-N)
Committee substitute printed 22105023D-H1
Referred to Committee on Appropriations
Assigned App. sub: Elementary & Secondary Education
House subcommittee amendments and substitutes offered
Subcommittee recommends reporting with substitute (8-Y 0-N)
Subcommittee recommends referring to Committee on Appropriations
Assigned Education sub: Early Childhood/Innovation
Referred to Committee on Education
Prefiled and ordered printed; offered 01/12/22 22103839D
Bill Text Versions | Format |
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Prefiled and ordered printed; offered 01/12/22 22103839D | PDF HTML |
Committee substitute printed 22105023D-H1 | PDF HTML |
Document | Format |
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Fiscal Impact Statement: HB559FH1122.PDF |
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