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HB0264 - Tennessee - Education

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Latest Update: Sunday, July, 06th 2008

Companion Bill SB0183.

Education - Allocates, in Shelby County, funds from bond issues for capital expenditures to school district in which facility to be funded is located. - Amends TCA Title 49, Chapter 3.

Fiscal Summary for HB0264 / *SB0183

MINIMAL

Bill Summary for HB0264 / *SB0183

Present law requires that money arising from the sale of school bonds be turned over to the trustee of the county. In counties that have special school districts operating schools, the trustee of the county pays bond funds over to the special school district, provided that such school district has a bonded treasurer and funds are kept separate.

This bill provides that in Shelby County bond funds would only be allocated to a school district if a facility for which the funds were issued is located in that district.

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Latest Actions

03/13/2007 - Taken Off Notice For Calendar in Subcommittee K-12 of Education of Education Committee
03/07/2007 - Placed on Subcommittee Calendar K-12 of Education for 3/13/2007
03/07/2007 - Assigned to Subcommittee K-12 of ED
02/08/2007 - Passed second consideration, Referred to Education
02/07/2007 - Introduced, Passed first consideration

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Bill Text