School finance: school districts: annual budgets: reserve balance.
It became law on Oct 11, 2017.
- Stage
- Became law
- Started in
- Senate
- Sponsors
- 10
- Latest action
- Oct 11, 2017
What it does
Existing law, unless the school district is granted an exemption, limits the amount of the combined assigned or unassigned ending fund balance contained in a school district's annual budget in any fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account. Existing law establishes formulas for calculating the maximum amount allowable for school districts with less than 400,000 units of average daily attendance and for school districts with more than 400,000 units of average daily attendance, as specified.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Jerry Hill
- Allen
- Gray
- Jacqui Irwin
- Monique Limón
Where it goes next
Once a bill is decided, the questions are about what is done with it in California.