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


Education Commission of the States • 700 Broadway, Suite 810 • Denver, CO 80203-3442 • 303.299.3600 • fax 303.296.8332 • www.ecs.org

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
ALSigned into law 04/2014P-12Dissolution of the Foundation for Local Schools
S.B. 10
Under existing law, the Foundation for Local Schools was created by legislative act as a public corporation to accept and invest private donations for the enhancement of public K- schools. Also, existing law requires, upon dissolution of the foundation, for mo...

More...
HIAdopted 06/2012P-12Statewide 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...
UTSigned into law 03/2011P-12Utah 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...
GASigned into law 05/2010P-12Georgia 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...
KSSigned into law 03/2009P-12Finance
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...
WVSigned into law 03/2008Postsec.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...
UTSigned into law 03/2008P-12Financial 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...
INSigned into law 03/2008P-12Congressional 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...
UTPassed 02/2007P-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...
OKSigned into law 05/2005P-12Public 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...
MESigned into law 05/2004P-12Educational 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...
CASigned into law 08/2003P-12Local 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...
OKRejected by voters 11/2002P-12Use 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...
SDSigned into law 02/2001P-12Permanent 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...
IASigned into law 02/2001P-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...
WYSigned into law 02/2001P-12Common 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...
COUnofficially approved by Voters 11/2000P-12Increasing 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...
UTSigned into law 03/2000P-12Minimum 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...
IASigned into law 02/2000P-12Foundation 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...