Capital outlay release sought

By

News

February 22, 2010 - 12:00 AM

Rep. Bill Otto last week offered an amendment to legislation (HB 2280) to permit school districts that transferred money in previous years from general funds to special capital outlay funds to have access to the money for general fund expenditures.
State law does not permit transfers from special capital outlay to the general fund.
None of the three Allen County districts would be affected. Area districts that would benefit from release of capital outlay money are Uniontown, $146,187, Southern Coffey County, $28,759, and Crest (Colony), $170,001.
Capital outlay money primarily may be used for purchases of equipment and building improvements. The general fund provides money for salaries and other general operations.
Legislation to which the amendment was attached would keep capital outlay funds ineligible for state aid and also bonds issued for capital improvements. The legislature removed state aid from capital outlay funds last year, but continued to provide state aid for bond issues.
Rep. Bill Feuerborn offered an amendment to hold harmless bond issues passed within the past 10 years.
The House has not acted on the bill to which the amendments were made.
Otto, Le Roy, represents all of Allen County. Feuerborn, Garnett, represents most of Anderson County.

Related
October 11, 2017
August 11, 2016
July 27, 2010
February 18, 2010