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Senate
File
2144
-
Introduced
SENATE
FILE
2144
BY
COMMITTEE
ON
EDUCATION
(SUCCESSOR
TO
SF
2043)
A
BILL
FOR
An
Act
relating
to
school
district
general
fund
flexibility
1
accounts
by
expanding
eligible
funding
sources
and
modifying
2
expenditure
approval
requirements.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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2144
Section
1.
Section
257.10,
subsection
9,
Code
2026,
is
1
amended
by
adding
the
following
new
paragraph:
2
NEW
PARAGRAPH
.
e.
If
all
requirements
for
the
school
3
district
for
the
use
of
funds
calculated
under
this
subsection
4
are
met
and
funds
received
under
this
subsection
remain
5
unexpended
and
unobligated
at
the
end
of
a
fiscal
year
6
beginning
on
or
after
July
1,
2026,
the
school
district
may
7
transfer
all
or
a
portion
of
such
unexpended
and
unobligated
8
funds
for
deposit
in
the
school
district’s
flexibility
account
9
established
under
section
298A.2,
subsection
2.
10
Sec.
2.
Section
298A.2,
subsection
2,
paragraph
a,
Code
11
2026,
is
amended
by
adding
the
following
new
subparagraph:
12
NEW
SUBPARAGRAPH
.
(5)
Teacher
salary
supplement
funds
13
received
under
section
257.10,
subsection
9.
14
Sec.
3.
Section
298A.2,
subsection
2,
paragraph
d,
Code
15
2026,
is
amended
to
read
as
follows:
16
d.
Expenditures
from
the
flexibility
account
shall
be
17
approved
by
resolution
of
the
board
of
directors
of
the
school
18
corporation
and
shall
be
included
in
the
budget
certified
in
19
accordance
with
chapter
24
.
Before
the
board
of
directors
20
may
adopt
the
resolution
approving
expenditures
from
the
21
flexibility
account,
the
board
shall
hold
a
public
hearing
on
22
the
proposed
resolution.
The
proposed
resolution
must
state
23
the
original
source
and
purpose
of
the
funds,
the
proposed
use
24
of
such
funds,
the
amount
of
the
proposed
expenditure,
and
25
the
fiscal
year
from
which
the
transfer
of
such
funds
to
the
26
flexibility
account
occurred.
The
proposed
resolution
must
27
also
include
a
certification
that
the
statutory
requirements
28
for
each
original
source
of
the
money
proposed
to
be
used
have
29
been
met,
have
been
repealed,
or
are
no
longer
in
effect.
The
30
board
shall
publish
notice
of
the
time
and
the
place
of
the
31
public
hearing
in
the
same
manner
as
required
in
section
24.9
.
32
The
department
of
education
shall
prescribe
the
form
for
public
33
hearing
notices.
A
copy
of
the
resolution
shall
be
provided
34
by
the
board
to
the
department
of
education
and
shall
be
made
35
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available
by
the
board
for
any
audit
performed
under
chapter
1
11
.
2
EXPLANATION
3
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
4
the
explanation’s
substance
by
the
members
of
the
general
assembly.
5
This
bill
relates
to
school
district
general
fund
6
flexibility
accounts.
7
The
bill
expands
the
list
of
eligible
funding
sources
that
8
may
be
transferred
into
a
school
district’s
general
fund
9
flexibility
account
to
include
teacher
salary
supplement
funds
10
calculated
under
Code
section
257.10(9).
The
bill
authorizes
11
school
districts
to
transfer
any
unexpended
and
unobligated
12
teacher
salary
supplement
funds
at
the
end
of
a
fiscal
year
13
beginning
on
or
after
July
1,
2026,
into
the
school
district’s
14
flexibility
account,
provided
all
requirements
for
the
use
of
15
those
funds
are
met.
16
The
bill
also
removes
the
requirement
that
a
school
district
17
hold
a
public
hearing
and
publish
a
notice
before
approving
18
expenditures
from
a
general
fund
flexibility
account.
The
bill
19
retains
board
resolution
and
reporting
requirements.
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