HB 937 -- School District Capital Project Fund Transfers

Sponsor:  Dieckhaus

This bill waives the limitations on the transfer of moneys from a
school district's incidental fund to its capital projects fund
for the 2009-2010 and 2010-2011 school years under certain
circumstances.  If a school district receives federal economic
stimulus funds from the American Recovery and Reinvestment Act of
2009 and the school board approves a resolution identifying the
capital projects and the expenditure dates on which the funds
will be spent, the district may exceed the transfer limit that is
based on 7% of the state adequacy target.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am