To extend by one-month the date that notes would be due when school districts borrow school operations money in anticipation of state school aid. Under current law, school districts are allowed to pledge money to be received from state school aid for the payment of notes issued. The notes must be repaid within 12 months; the bill would change this to 13 months.
105 Yeas / 0 Nays | |
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Excused or Not Voting (2) | |
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