Text: SF00154 Text: SF00156 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. SUPPLEMENTAL APPROPRIATION. There is 1 2 appropriated from the general fund of the state to the 1 3 department of education for the fiscal year beginning July 1, 1 4 2000, and ending June 30, 2001, the following amount, or so 1 5 much thereof as is necessary, to be used for the purpose 1 6 designated: 1 7 For deposit in the teacher compensation reform and student 1 8 achievement savings account fund created in section 12.90: 1 9 .................................................. $ 42,000,000 1 10 Sec. 2. NEW SECTION. 12.90 TEACHER COMPENSATION REFORM 1 11 AND STUDENT ACHIEVEMENT SAVINGS ACCOUNT FUND. 1 12 1. A teacher compensation reform and student achievement 1 13 savings account is created and established as a separate and 1 14 distinct fund in the state treasury under the control of the 1 15 department of education. Moneys in the fund in a fiscal year 1 16 shall be used as directed by the general assembly for teacher 1 17 compensation reform and student achievement activities 1 18 approved by the Seventy-ninth General Assembly, First Session, 1 19 or by future general assemblies. 1 20 2. Revenue for the teacher compensation reform and student 1 21 achievement savings account fund shall be deposited with the 1 22 treasurer of state and credited to the fund and shall include, 1 23 but is not limited to, moneys in the form of a devise, gift, 1 24 bequest, donation, federal or other grant, reimbursement, 1 25 repayment, judgment, transfer, payment, or appropriation from 1 26 any source intended to be used for the purposes of the fund. 1 27 3. Moneys in the teacher compensation reform and student 1 28 achievement savings account fund are not subject to section 1 29 8.33. 1 30 Sec. 3. EFFECTIVE DATE. This Act, being deemed of 1 31 immediate importance, takes effect upon enactment. 1 32 EXPLANATION 1 33 This bill makes a supplemental appropriation of $42 million 1 34 from the general fund of the state to the department of 1 35 education for fiscal year 2001 for deposit in the teacher 2 1 compensation reform and student achievement savings account 2 2 fund, which the bill establishes in statute. 2 3 The fund is established in the state treasury under the 2 4 control of the department of education. The fund shall be 2 5 used for teacher compensation reform and student achievement 2 6 activities established by the 2001 general assembly or by 2 7 future general assemblies. 2 8 Moneys in the fund shall not revert to the general fund. 2 9 The bill takes effect upon enactment. 2 10 LSB 1503XS 79 2 11 kh/pj/5
Text: SF00154 Text: SF00156 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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