School finance-recapture payments.

08LSO-0274.C1

                                                         

FISCAL NOTE

 

 

The fiscal impact is indeterminable.

 

This bill provides a process change pertaining to the repayment of recapture dollars to the School Foundation Program and requires districts subject to recapture to re-pay in 4 installments as specified throughout the fiscal year.  The bill also allows districts to defer full repayment of recapture loans until June 15th.

 

The state would receive a portion of the recapture dollars sooner, which could allow greater flexibility and improved opportunity for investment.  Any resulting increase in revenue is indeterminable.

 

Please see the attached illustration.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Brenda Long, LSO   Phone: 777-7881