HB1133 - COM COL-SEC-WORKING CASH FUND

2 Co-Sponsors

Reinserts the contents of the introduced bill with the following changes. Provides that the chairman and vice chairman elected by the board shall be members of the board, but the secretary elected by the board may be either a member of the board or not a member of the board, as determined by the board (instead of the secretary may be a member of the board). Provides that moneys in the working cash fund may be used for any and all community college purposes and may be transferred in whole or in part from the working cash fund to the educational fund or operations and maintenance fund (instead of moneys may be transferred from the working cash fund to the educational fund or operations and maintenance fund) only upon the authority of the board. Provides that a district shall have the authority to increase or again create (instead of just to again create) a working cash fund. Adds further provisions concerning the abatement of a working cash fund. Effective immediately.