Plain English Breakdown
Checked against official source text during the last sync.
School District Equipment Inventory Threshold Change
This law raises the price limit for school equipment that must be tracked in an inventory from $500 to $1,500 and sets a schedule to update that limit based on inflation.
What This Bill Does
- Increases the minimum value for tracking school equipment from $500 to $1,500.
- Requires the Superintendent of Public Instruction to adjust this dollar amount every two years using an inflation factor.
- Mandates rounding the adjusted threshold value to the nearest $50.
- Directs the State Department of Education to post the updated threshold on its website.
Who It Names or Affects
- Governing boards of school districts
- The Superintendent of Public Instruction
Terms To Know
- Threshold value
- The minimum price an item must reach before it is required to be listed in the school's inventory.
- Biennially
- Happening once every two years.
Limits and Unknowns
- The text does not specify which inflation factor will be used for the adjustments.
- The effective date of this law is not listed in the provided source material.