Bill Summary – FastDemocracy

0537.01000
     Sixty-seventh
     Legislative Assembly                    SENATE BILL NO. 2165
     of North Dakota
     Introduced by
       Senators Schaible, Rust
       Representatives D. Johnson, Owens
  A BILL for an Act to amend and reenact sections 15.1-07-29 and 15.1-27-35.3, subsection 6 of
  section 15.1-36-06, and subdivision a of subsection 5 of section 15.1-36-08 of the North Dakota
  Century Code, relating to the elimination of school district ending fund balance carryforward
  limitations, deductions from state aid formula payments, and school construction loan amounts.
  BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA:
      SECTION 1. AMENDMENT. Section 15.1-07-29 of the North Dakota Century Code is
  amended and reenacted as follows:
      15.1-07-29. Ending fund balance - Amount.
      1.   The board of a school district may carry over moneys to the ensuing fiscal year to
          meet the cash requirements of all funds or purposes to which the credit of the school
          district may be legally extended.
     2.   For taxable years beginning after December 31, 2003, and ending on December 31,
          2007, the amount carried over by a school district may not exceed fifty percent of the
          current annual budget for all purposes other than debt retirement and amounts
          financed from bond sources plus twenty thousand dollars.
     3.   For taxable years beginning after December 31, 2007, the amount carried over by a
          school district may not exceed forty-five percent of the current annual budget for all
          purposes other than debt retirement and amounts financed from bond sources plus
          twenty thousand dollars.
     SECTION 2. AMENDMENT. Section 15.1-27-35.3 of the North Dakota Century Code is
 amended and reenacted as follows:
     15.1-27-35.3. Payments to school districts - Unobligated general fund balance.
     1.   a.     The superintendent of public instruction shall determine the amount of payments
                 due a school district and shall subtract from that the amount by which the
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     Legislative Assembly
                unobligated general fund balance of the district on the preceding June thirtieth is
                in excess of forty percent of its actual expenditures, plus twenty thousand dollars.
           b.   Except as provided in subdivision c, beginning July 1, 2017,b the superintendent
                of public instruction shall determine the amount of payments due to a school
                district and shall subtract from that the amount by which the unobligated general
                fund balance of the district on the preceding June thirtieth is in excess of
                thirty-five percent of its actual expenditures, plus fifty thousand dollars.
           c.   Beginning July 1, 2017, the
           b.   The superintendent of public instruction shall determine the amount of payments
               due to a school district and shall subtract from that the amount by which the
               unobligated general fund balance of the district on the preceding June thirtieth is
               in excess of thirty-five percent of its actual expenditures, plus one hundred
               thousand dollars if the school district is in a cooperative agreement with another
               school district to share academic resources, and the school districts are
               considering reorganization under chapter 15.1-12. An eligible school district may
               receive payments under this provision for a maximum of two years.
     2.   For purposes of this section, a district's unobligated general fund balance includes all
          moneys in the district's miscellaneous fund, as established under section 57-15-14.2,
          but does not include federal impact aid funding.
    SECTION 3. AMENDMENT. Subsection 6 of section 15.1-36-06 of the North Dakota
 Century Code is amended and reenacted as follows:
     6.   If a school district's unobligated general fund balance on the preceding June thirtieth
          exceeds the limitationamount set forth under section 15.1-27-35.3, the loan amount to
          which that district is entitled under this section may not exceed eighty percent of the
          project's cost.
    SECTION 4. AMENDMENT. Subdivision a of subsection 5 of section 15.1-36-08 of the
 North Dakota Century Code is amended and reenacted as follows:
          a.   The maximum loan amount for which a school district may qualify is ten million
               dollars. However, if a school district's unobligated general fund balance on the
               preceding June thirtieth exceeds the limitationamount under section
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    Legislative Assembly
              15.1-27-35.3, the loan amount under this section may not exceed eighty percent
              of the project's cost up to a maximum loan amount of eight million dollars;
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Statutes affected: 
INTRODUCED: 15.1-07-29, 15.1-27-35.3, 15.1-36-06, 15.1-36-08
FIRST ENGROSSMENT: 15.1-07-29, 15.1-27-35.3, 15.1-36-06, 15.1-36-08
Enrollment: 15.1-07-29, 15.1-27-35.3, 15.1-36-06, 15.1-36-08