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Bill

LC 1376

Generally revise laws relating to school facilities consolidating two existing state special revenue accounts

2025 Regular Session

Consolidates two state special revenue funds for school facilities into one funding mechanism, revising rules to streamline administration and change district access and timing.

(LC) Draft Delivered to Requester
#appropriations(seealso:statefinance) #moneytransfer #schoolfinance #schoolsandeducation #taxation--coal(seealso:appropriations #coaltaxfundprincipal)
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Bill Summary · LC 1376

Summary of LC 1376

Overview

LC 1376 is a bill titled “Generally revise laws relating to school facilities consolidating two existing state special revenue accounts.” The bill aims to revise statutes governing school facilities funding and to consolidate two state special revenue accounts that currently support that area. The exact provisions and mechanics will be clearer once the full text is released, but the title indicates a restructuring of how school facilities funds are sourced, managed, and allocated.

Purpose and Intent

  • Modernize and simplify the statutory framework for school facilities funding.
  • Consolidate two state special revenue accounts into a unified or restructured funding mechanism to support school facilities.
  • Potentially improve administration, transparency, and efficiency in the use of facilities funds, including how funds are transferred and appropriated.

Key Provisions (Expected Areas)

Note: The full text has not been released; provisions below reflect typical elements in a consolidation of special revenue accounts and school facilities funding:
- Consolidation of two state special revenue accounts that currently support school facilities.
- Revisions to how funds are appropriated for school facilities, including any new transfer or appropriation authority.
- Reallocation or reallocation mechanics for funds originating from coal-related revenues (as indicated by the “Coal Tax Fund Principal” reference in the subject area).
- Adjustments to reporting, oversight, and governance related to school facilities funding.
- Effective dates, transition provisions, and potential sunset or sunset-like review language.

Potential Impact

  • For School Districts and Education Agencies: Possible changes in how and when funds are available for facilities projects; potential changes to grant programs, matching requirements, or allocation formulas.
  • For State Finance and Administration: Streamlined fund administration, possible changes in the oversight role of state treasurers or education departments, and potential shifts in operating costs related to fund management.
  • For Coal Tax Revenue: If Coal Tax Fund Principal is involved, there may be changes to how coal-derived revenues are allocated to education-related facilities funding.

Affected Parties

  • State agencies involved in education funding and facilities (e.g., education department and state finance officials).
  • School districts and charter schools relying on state facilities funding.
  • Entities or programs currently drawing from the two special revenue accounts being consolidated.

Procedural and Timeline Details

  • Introduced: November 14, 2024.
  • Legislative Actions timeline (highlights):
    • 2024-11-14: Drafter Assigned
    • 2025-02-05: Draft in Legal Review / Edit
    • 2025-02-11 to 2025-02-13: Drafts progressed through input/proofing, final drafter review, and delivery stages.
    • 2025-02-13: (LC) Draft Delivered to Requester; Draft Ready for Delivery
  • Status: (LC) Draft Delivered to Requester (early drafting stage; no final text available yet).

Next Steps for Readers

  • Review the full bill text once released to understand exact provisions, funding amounts, timelines, and any transitional mechanisms.
  • Monitor committee hearings for discussion on how the consolidation affects appropriation timing, governance, and the Coal Tax Fund Principal.
  • Assess fiscal impact and implementation implications for districts and state agencies.

Compiled from official sources — confirm details with the bill’s official record.

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