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HB 1596, 66th R.S.

Changing the duties and powers of the State Board of Education with regard to the permanent and available school funds to conform to sound, current investment practice; removing the requirement that bonds of school districts of the state be first offered for purchase to the State Board of Education; authorizing the use of a bank "lock-box" system to speed collection of income to the available school fund; authorizing participation in a fully secured stock and bond loan program to increase the earnings of the available school fund.

Last action: Scheduled for future calendar placement

Author: Hamp Atkinson

Companion:

SB 883 (Identical)

Subjects:
EDUCATION, STATE BOARD OF
Education--Primary & Secondary--Finance
Financial--General

House Committee: Ways & Means () Minutes: April 4 1979 | April 9 1979

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