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S.F. No. 0063 |
School district special reserve funds. |
Sponsored By: Senator(s) Coe and Nicholas, P. and Representative(s) Teeters
AN ACT relating to school districts; repealing school district authority to establish special reserve funds and capital improvement reserve funds; specifying application; and providing for an effective date.
1/2/2013 Bill Number Assigned
1/8/2013 S Received for Introduction
1/9/2013 S Introduced and Referred to S04
1/21/2013 S04 Recommended Amend and Do Pass
ROLL CALL
Ayes: Senator(s) Anderson, JD S02, Coe and Rothfuss
Nays: Senator(s) Barnard and Landen
Ayes 3 Nays 2 Excused 0 Absent 0 Conflicts 0
1/21/2013 S Placed on General File
SF0063SS001/ADOPTED
Page 1-line 1 After ";" delete balance of line and insert "limiting revenues available to districts for deposit in special revenue funds; removing".
Page 1-line 2 Delete "special reserve funds and".
Page 1-line 3 After second ";" insert "requiring a study;".
Page 1-line 8 Delete "is" insert "and 21‑13‑504 are".
Page 2-After line 13 insert:
"21‑13‑504. Special reserve fund.
The board of trustees of each Wyoming school district
may create a special reserve fund of a specified amount, for the purpose of purchasing or replacing
specified equipment or a depreciation reserve for equipment and school building
repair. The board may annually include in its budget for the ensuing fiscal
year, the amount so designated, as a special fund., expendable Amounts
within the fund shall be expended only for the purposes stated. and segregated as
such, from general and other special
school The board may deposit funds, of the district into
the reserve fund except for any amounts received by the district from the
foundation program account under W.S. 21‑13‑309(p). Disbursements therefrom
to from the fund shall be made
from time to time by the school clerk's warrants drawn against said the
special fund, as duly ordered by said the
board.;
provided, that said The amount
so specially budgeted for any fiscal
year under this section shall not exceed
ten percent (10%) of the total amount budgeted for the same year.; and further
provided, that Any difference
in the amount so specially budgeted under this section for any such year and the amount expended from said the special
fund during such that same year,
may be retained in and carried over as a part of the special reserve fund.".
Page 2-line 15 Delete and renumber.
Page 2-line 17 Delete "3" insert "2"; delete "capital" insert "balance within a special reserve fund created under W.S. 21‑13‑504 and existing prior to the effective date of this act.".
Page 2-lines 18 through 24 Delete, insert and renumber:
"Section 3. The joint appropriations interim committee shall conduct a study on expenditures of special reserve fund amounts by school districts and report study findings to the 2014 legislature.".
Page 3-line 2 Delete "July 1, 2013" insert "immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution". COE, CHAIRMAN
SF0063SW001/ADOPTED
Page 1-line 1 Delete the Senate Standing Committee Amendment (SF0063SS001/A) to this line and further amend as follows: delete "repealing school" insert "revising school district authority to establish special reserve funds; removing".
Page 2-After line 13 In the Senate Standing Committee Amendment (SF0063SS001/A) to this line, in W.S. 21‑13‑504 inserted by that amendment after "reserve fund" insert "." and delete "except for any amounts received by the district from the foundation program account under W.S. 21‑13‑309(p).". VON FLATERN
1/23/2013 S Failed CoW; Indef Postponed
ROLL CALL
Ayes: Senator(s) Anderson, JD S02, Bebout, Case, Christensen, Coe, Geis, Hicks, Meier, Nicholas, P., Perkins, Peterson, Rothfuss and Schiffer
Nays: Senator(s) Anderson, JL S28, Barnard, Burns, Cooper, Craft, Dockstader, Driskill, Emerich, Esquibel, F., Hastert, Hines, Johnson, Landen, Nutting, Ross, Scott and Von Flatern
Ayes 13 Nays 17 Excused 0 Absent 0 Conflicts 0