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Bill Would Let Districts in Financial Distress Borrow From or Convert Transportation Vehicle Funds; Rural Advocates Support SB 6,065
Summary
SB 6,065 would allow school districts under binding conditions or enhanced oversight to take temporary, interest-free interfund loans from transportation vehicle funds and petition to convert those loans to permanent transfers; proponents said it would help small rural districts avoid insolvency.
The Appropriations Committee heard a staff briefing and remote testimony on Senate Bill 6,065, which would allow school districts under binding conditions or enhanced financial oversight to take temporary, interest-free interfund loans from their transportation vehicle fund, petition the superintendent of public instruction…
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