The bill amends Section 16-7.2-6 of the Education Equity and Property Tax Relief Act to introduce new provisions regarding state funding for various educational programs. Notably, it establishes a regionalization bonus for regionalized school districts, which will be set at two percent (2.0%) of the state's share of foundation education aid starting from the fiscal year beginning July 1, 2025, and continuing in subsequent years. The previous structure, which included a one percent (1.0%) bonus in the second fiscal year and a cessation of the bonus in the third fiscal year, has been deleted.

Additionally, the bill outlines various categorical programs that will receive state funding, including support for special education, career and technical education, pre-kindergarten programs, and transportation costs for students attending out-of-district non-public schools. It also emphasizes the need for state support for school resource officers, detailing the reimbursement structure for school districts that employ these officers. The act is set to take effect on July 1, 2025.

Statutes affected:
36: 16-7.2-6