SF0057 • 2021

School finance-dates for fund transfers.

AN ACT relating to school finance; revising the dates of recapture payments for school districts; specifying an additional annual distribution of the county school fund; and providing for an effective date.

Education Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Education
Last action: 2021-02-09
Official status: enrolled
Effective date: 7/1/2021

Plain English Breakdown

The official summary does not provide specific details on how the changes will impact individual schools or students.

School Finance Changes for Fund Transfers

This law changes when school districts must return extra money to the state and adds a new way to distribute funds from the county school fund.

What This Bill Does

Changes the dates by which school districts must send back extra tax money they collected to the state education department.
Adds an additional yearly distribution of money from the county school fund to help schools before all property taxes are fully collected.

Who It Names or Affects

School districts that collect more tax revenue than needed for basic education costs.
County treasurers who manage the distribution of funds from the county school fund.

Terms To Know

recapture payments: Money that a school district must return to the state if they collect more than three times what is needed for basic education costs.
county school fund: A fund managed by county treasurers that holds money for distribution to local schools.

Limits and Unknowns

The summary does not explain how the changes will affect specific districts or students.
It is unclear if there are any exceptions or additional requirements beyond what is stated in the bill.

Bill History

2021-02-09 LSO
Assigned Chapter Number 24
2021-02-09 Governor
Governor Signed SEA No. 0005
2021-02-05 House
H Speaker Signed SEA No. 0005
2021-02-05 Senate
S President Signed SEA No. 0005
2021-02-04 LSO
Assigned Number SEA No. 0005
2021-02-04 House
H 3rd Reading:Passed 59-1-0-0-0
2021-02-03 House
H 2nd Reading:Passed
2021-02-02 House
H COW:Passed
2021-02-01 House
H Placed on General File
2021-02-01 House
H04 - Education:Recommend Do Pass 9-0-0-0-0
2021-01-29 House
H Introduced and Referred to H04 - Education
2021-01-29 House
H Received for Introduction
2021-01-29 Senate
S 3rd Reading:Passed 28-0-1-1-0
2021-01-29 Senate
S 2nd Reading:Passed
2021-01-28 Senate
S COW:Passed
2021-01-27 Senate
S Placed on General File
2021-01-27 Senate
S04 - Education:Recommend Do Pass 5-0-0-0-0
2021-01-12 Senate
S Introduced and Referred to S04 - Education
2021-01-12 Senate
S Received for Introduction
2021-01-11 LSO
Bill Number Assigned

Official Summary Text

Bill Summary - 21LSO-0066
Bill No.:

SF0057

Effective:

7/1/2021 12:00:00 AM

LSO No.:

21LSO-0066

Enrolled Act No.:

SEA No. 0005

Chapter No.:

24

Prime Sponsor:

Joint Education Interim Committee

Catch Title:

School finance-dates for fund transfers.

Subject:

School finance fund transfer date revisions.

Summary/Major Elements:

In order to address changes to ad valorem tax collection dates from legislation passed in 2020, this bill revises the dates of recapture payments for school districts and specifies an additional annual distribution from the county school fund to ensure that all ad valorem taxes have been collected prior to the fund transfers.
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent.

While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

Read the full stored bill text

21LSO-0066

ORIGINAL Senate

File No
.
SF0057

ENROLLED ACT NO. 5,

SENATE

SIXTY-SIXTH LEGISLATURE OF THE STATE OF WYOMING
2021 General Session

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

Section 1.

W.S. 21
‑
13
‑
102(b)(i) and (ii) and 21
‑
13
‑
207 are amended to read:

21
‑
13
‑
102.

Maximum rate of school district tax; recapture of excess; equalization of permissive levies.

(b)

For each school year:

(i)

A school district whose revenues from the sources provided by W.S. 21
‑
13
‑
310 exceed the foundation program costs determined under W.S. 21
‑
13
‑
309 by more than three hundred percent (300%), as estimated to the districts on or before August 15 and as subsequently certified to the districts on or before March 1 of the current fiscal year under subsection (e) of this section, shall rebate fifty percent (50%) of the excess revenues to the department of education by January 15 of the applicable school year.

The balance of the excess revenues shall be rebated to the department on or before June
15
25
of that school year;

(ii)

A school district whose revenues specified under W.S. 21
‑
13
‑
310 for any school year exceed the foundation program costs determined under W.S. 21
‑
13
‑
309 by three hundred percent (300%) or less, as estimated and certified under subsection (e) of this section, shall rebate forty percent (40%) of the excess revenues to the department by January 15 of the applicable school year.

The balance of the excess revenues shall be rebated to the department on or before June
15
25
of the applicable school year;

21
‑
13
‑
207.

Apportionment of funds by county treasurer.

On the second Monday of each month,
and on June 20 or the last business day immediately preceding June 20 of each year,
the county treasurer shall apportion all monies in the county treasury belonging to the county school fund, including all interest earned thereon and including fines and forfeitures, among the various school districts of the county in the same percentages as provided by W.S. 21
‑
13
‑
201(b) and shall immediately pay the amount to each school district.

Section 2
.

This act is effective July 1, 2021
.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk