SB 573 -- DEDUCTIONS FOR STATE SCHOOL AID OVERPAYMENTS

Currently, a school district that has overestimated its pupil count and received state aid to which it is not entitled has the following school year in which to repay the overpayment. This bill provides an alternative for any district that has run a year-round school calendar for at least 5 years before the discovery of the error and has been paid more than 5% over the amount to which it was entitled. Such districts may apply in writing to the State Board of Education to repay the overage, with interest, within 60 months. Francis Howell School District is the only district known to meet the description provided in the bill.

The bill has an emergency clause.