2011 General Session - Bill Title - SF0106 - School finance-local resources.

AN ACT relating to school finance; diverting certain revenues available for the public schools directly to the public school foundation program account for distribution to districts through the foundation program; modifying scheduled foundation program payments to school districts; repealing statutory provisions pertaining to maximum recapture; authorizing foundation account deposits in time deposit, open account program; modifying related provisions as necessary and modifying provisions governing treatment of tuition payments; providing for school year 20112012 transition as specified; and providing for an effective date.