From the ECS State Policy Database Finance--Local Foundations/Funds

This database is made possible by your state's fiscal support of the Education Commission of the States (ECS). Most entries are legislative, although rules/regulations and executive orders that make substantive changes are included. Every effort is made to collect the latest available version of policies; in some instances, recent changes might not be reflected. For expediency purposes minimal attention has been paid to style (capitalization, punctuation) and format. Please cite use of the database as: Education Commission of the States (ECS) State Policy Database, retrieved [date]. State Status/Date Level Summary HI Adopted 06/2012 P-12 Statewide Resource Development Program S.C.R. 77 Requests the board of education and department of education to establish a statewide resource development program. Resolves that that the statewide resource development program utilize the expertise of established programs of specified high schools to assist t... More... UT Signed into law 03/2011 P-12 Utah Schools for the Deaf and Blind May Establish Foundation H.B. 415 Modifies the Public-Private Partnership for Education Excellence Act by authorizing the Utah Schools for the Deaf and Blind to establish a non-profit foundation. http://le.utah.gov/~2011/bills/hbillenr/hb0415.pdf... More... GA Signed into law 05/2010 P-12 Georgia Foundation for Public Education S.B. 427 Establishes the Georgia Foundation for Public Education. Provides for its membership, duties, powers and purposes, including (among other purposes) to solicit and accept money and in-kind contributions of services and property to support educational excellence... More... KS Signed into law 03/2009 P-12 Finance S.B. 175 The board of education of any school district may transfer moneys to a community foundation. Moneys transferred to a foundation pursuant to this section shall be deposited into a restricted fund by the foundation and shall remain subject to any restrictions im... More... WV Signed into law 03/2008 Postsec. Higher Education Energy and Water Savings Revolving Loan Fund H.B. 4434 Creates the Higher Education Energy and Water Savings Revolving Loan Fund proposed by the Governor. Through an initial investment of $7 million, it is anticipated that the higher education institutions will propose, and if approved for a loan, initiate project... More... UT Signed into law 03/2008 P-12 Financial Accountability of School District Foundations H.B. 112 Modifies provisions of the State System of Public Education relating to the financial accountability of school district foundations. Requires school district foundations to report certain financial information to schools. Prohibits a school district foundation... More... IN Signed into law 03/2008 P-12 Congressional Township School Funds H.B. 1244 Allows for the transfer of congressional township school funds held by counties to the treasurer of state. The transfers may take place over a number of years. http://www.in.gov/legislative/bills/2008/PDF/HE/HE1244.1.pdf... More... UT Passed 02/2007 P-12 Postsec. Community College School & Institutional Trust Lands Administration Resource Development H.C.R. 4 This concurrent resolution of the legislature encourages the development of natural resources on lands administered by the School and Institutional Trust Lands Administration as a critical source to build the permanent State School Fund to provide greater futu... More... OK Signed into law 05/2005 P-12 Public Funds to Local Foundations S.B. 326 Deleted "No public funds shall be deposited in any account owned or controlled by a local foundation" and replaced with: "A public school district shall not directly or indirectly transfer any funds to any local foundation or render services or provide any thi... More... ME Signed into law 05/2004 P-12 Educational Funding and Property Tax Relief S.P. 761 The bill provides that by fiscal year 2009-10 the state share of kindergarten to grade 12 education funding, as described by essential programs and services, must be 55%. It also establishes a local cost share expectation for property tax years beginning on o... More... CA Signed into law 08/2003 P-12 Local Government Finance A.B. 1766 Decreases, for the fiscal adjustment period, the amount of ad valorem property tax revenue allocated to a county's Educational Revenue Augmentation Fund. Requires this amount to be allocated to each county's Sales and Use Tax Compensation Fund, created by this... More... OK Rejected by voters 11/2002 P-12 Use of School District Building Funds State Question 704 / Legislative Referendum 329 Amendment to Oklahoma Constitution (Article 10, Section 10). Property taxes are levied for school districts' building funds. Generally these funds are used to construct school buildings. This measure would allow building funds to be used for payment of certain... More... SD Signed into law 02/2001 P-12 Permanent School Fund Inflation Adjustment S.B. 93 Amends Chapter 5-10 by adding a new section that sets inflation adjustment period, states that the rate rate of inflation is based on the consumer price index prepared by the Bureau of Labor Statistics of the United States Department of Labor; that the princip... More... IA Signed into law 02/2001 P-12 H.B. 191 Provides for the establishment of the state percent growth for purposes of the state school foundation program. The state budget is set to grow 4 % in the 2001-02 fiscal year and 4% in the 2002-03.... More... WY Signed into law 02/2001 P-12 Common School Account H.B. 31 Annual appropriations from the general fund are made to the common school permanent fund reserve account. This bill clarifies calculation of funds appropriated to and from the common school permanent fund reserve account and makes technical corrections. Ame... More... CO Unofficially approved by Voters 11/2000 P-12 Increasing State Education Funding V. 10 AMENDMENT 23 Amends the State Constitution; concerns increased funding for preschool through 12th-grade public education; requires the statewide base per-pupil funding for public education and funding for specifically defined categorical programs to grow annua... More... UT Signed into law 03/2000 P-12 Minimum School Program Act S.B. 3 Provides for state and local funding of the Minimum School Program Act; provides a ceiling for the state contribution of the maintenance and operations portion of the act; provides appropriations for school building aid; provides additional funding for pupil t... More... IA Signed into law 02/2000 P-12 Foundation Funding S.B. 2082 Relates to the establishment of the state percent of growth for purposes of the state school foundation program; provides an applicability date.... More...