Modifies and establishes provisions relating to moneys in school funds

Summary

The bill directs school boards to set tax rates, assign collected taxes to Teachers’, Incidental, Capital Projects, and Debt Service funds, and outlines how money can be moved between those funds. It adds limits on transfers, caps on capital‑project balances, and specifies that interest earnings must supplement teacher salaries. The changes aim to improve fiscal transparency and ensure funds are used for their intended school purposes.

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