HB31: HB31 Catoosa County; Board of Education adopt a balanced budget; require

25 LC 47 3135 House Bill 31 By: Representative Horner of the 3rd A BILL TO BE ENTITLED AN ACT To amend an Act to reconstitute the Board of Education of Catoo sa County, Georgia,1 approved March 30, 1993 (Ga. L. 1993, p. 4258), as amended, so as to require such board2 to adopt a balanced budget; to provide that if the Quality Basic Education Formula is fully3 funded by state appropriations such budget shall be balanced without spending down fiscal4 reserves; to provide for related matters; to repeal conflicting laws; and for other purposes.5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 SECTION 1.7 An Act to reconstitute the Board of Education of Catoosa County , Georgia, approved8 March 30, 1993 (Ga. L. 1993, p. 4258), as amended, is amended by adding a new section to9 read as follows:10 "SECTION 8.1.11 (a) The budget for the Catoosa County School District as finally amended and adopted by12 the Catoosa County Board of Education must provide for all expenditures required by law13 and for all debt service requirements for the ensuing fiscal year, and the total appropriations14 from any fund shall not exceed the estimated fund balance, reserves, and revenues. 15 H. B. 31 - 1 - 25 LC 47 3135 (b) For any fiscal year in which the General Assembly through the General Appropriations16 Act establishes a base amount for the Quality Basic Education Formula so as to achieve the17 full funding of the applicable provisions of the Quality Basic Education Act, Article 6 of18 Chapter 2 of Title 20 of the O.C.G.A., the budget provided for in subsection (a) of this19 section shall be balanced without the expenditure of fiscal reserves.20 (c) Subsection (b) of this section shall not apply in the even t of declared states of21 emergency or in the event that actual revenue received by the school district does not meet22 anticipated revenue collections and the cause of such revenue s hortfall is beyond the23 control of the school district."24 SECTION 2.25 All laws and parts of laws in conflict with this Act are repealed.26 H. B. 31 - 2 -