The bill amends the State School Aid Act of 1979 by updating sections 11 and 17b, which pertain to the appropriations for public schools and the distribution of funds. Notably, the bill changes the fiscal year ending date from September 30, 2026, to September 30, 2027, and modifies the appropriated amounts from various funds, including the state school aid fund and the general fund, to a uniform amount of $100. Additionally, it introduces a new school consolidation and infrastructure fund, while eliminating specific dollar amounts previously allocated from various funds.

Furthermore, the bill outlines the payment schedule for districts and intermediate districts, mandating that payments be made on specific dates each month. It also clarifies that grant payments must adhere to this installment schedule and allows for adjustments in payments due to changes in law or computation errors. The bill provides a mechanism for districts to request an advance release of funds under certain conditions, ensuring that financial support is available when needed.

Statutes affected:
Senate Introduced Bill: 388.1611, 388.1617