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Senate committee amends and forwards education-initiative fund changes to rules; bill would let schools keep balances until spent
Summary
The committee approved an amendment in the nature of a substitute to Bill 36-0064, removing a fiscal-year cutoff and revising reporting, allowable expenses and per-school allocations for the Education Initiative Fund. The amended measure will be sent to committee of rules and judiciary for further consideration.
The Senate Committee on Education and Workforce Development on June 17 approved an amendment in the nature of a substitute to Bill 36-0064, a measure to revise how the Education Initiative Fund is distributed and spent by public schools.
What changed: The amended language removes the strict fiscal-year spending deadline that required schools to use allocations by September 30, and instead would make allotted funds available "until expended." Department and OMB witnesses told the committee the change would remove the current "spend it or lose it" pressure that forces rushed purchases late in the year and leaves principals without startup funds for…
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