School foundation program account funds.

WORKING DRAFT
2005
STATE OF WYOMING
05LSO-0695

HOUSE BILL
NO.
HB0342

School foundation program account funds.

Sponsored by:
Representative(s) Luthi, Simpson and Wasserburger and Senator(s) Coe and Larson

A BILL

for

AN ACT relating to school finance; expanding the scope of funds comprising the school foundation program account as specified; prescribing purpose; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 21
‑
13
‑
306(a) is amended to read:

21
‑
13
‑
306.

Foundation program account established; disposition of monies.

(a)

The public school foundation program account within the earmarked revenue fund is established to consist of funds appropriated to, or designated to the account by law, or by gift from whatever source,
or from any other source,
for distribution to districts in accordance with this article.

Section 2.

The purpose of this act is to allow the state to receive monies for the support and maintenance of all of the public schools of this state from sources other than those currently recognized by law, including by contract with school district boards of trustees who choose to surrender rebates of recapture revenues to the school foundation program account.

Section 3.

This act is effective immediately upon co
m
pletion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constit
u
tion.

(END)

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HB0342