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Chief Sponsor:

Paul Stanley

Tagged in: Education

Latest Update: Wednesday, October, 08th 2008

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Companion Bill HB0264.

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 *SB0183 / HB0264

MINIMAL


Bill Summary for *SB0183 / HB0264

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
  • 03/17/2008 - Assigned to Gen. Sub of Senate Ed Comm.
  • 03/05/2008 - Action Deferred in Senate Ed. Comm. to 3/12/2008
  • 02/28/2008 - Placed on Senate Ed. Comm. Calendar for 03/05/2008
  • 02/27/2008 - Action Deferred in Senate Ed. Comm. to 3/5/2008
  • 02/21/2008 - Placed on Senate Ed. Comm. Calendar for 02/27/2008

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Bill Text
File name Last Updated
SB0183 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB0183 Fiscal Notes PDF10/27/2007