This bill amends existing laws regarding school district general fund flexibility accounts in Iowa by expanding the eligible funding sources and modifying the requirements for expenditure approvals. Specifically, it allows school districts to transfer unexpended and unobligated teacher salary supplement funds into their flexibility accounts at the end of a fiscal year, provided that all conditions for the use of those funds are satisfied. This addition aims to enhance the financial flexibility of school districts by broadening the types of funds that can be utilized.

Additionally, the bill removes the requirement for school districts to hold a public hearing and publish a notice prior to approving expenditures from their flexibility accounts. While the need for a public hearing is eliminated, the bill maintains the requirement for a board resolution and the necessary reporting to ensure transparency and accountability in the use of these funds. Overall, the changes are designed to streamline the process for school districts in managing their financial resources.

Statutes affected:
Introduced: 257.10, 298A.2