Senate Bill 30 Education foundations. Sen. Waltz:
Provides that until June 30, 2012, the governing body of a school corporation may donate up to $25,000 per year from the general fund of the school corporation to a public school endowment corporation for the future use of the school corporation for programs and activities that enhance the quality of education or extend learning opportunities for students of the school corporation. Requires matching private funds on at least a dollar for dollar basis for each dollar contributed by a school corporation.
I don’t know much about school funding, but my initial reaction is to be surprised at the private match requirement before a school corporation can invest funds in an endowment for future use. This bill passed the Senate on third reading by a vote of 49 to 0 and is moving on to the House.
[tags]SB30-2007, education finance[/tags]
Doug,
Maybe it’s part of a strategy to get referendums on public school construction off the ballot altogether?
I’m referring to the Indiana Court of Appeals’s decision in Bruce Jones v. Martha Womacks.
Check out the Indiana Law Blog’s coverage:
Ind. Law – Remonstrances decision leads to legislation
Maybe this is of a piece with SB 132.