Schools; general fund expenditures; gift, grant, and donation monies; general fund carryover; effective date.

Summary

The bill requires any gifts, grants, or donations meant for capital projects to be placed in a building fund rather than the general fund. Gifts for non‑capital purposes can stay in the general fund but are excluded from carryover calculations for one year. It also permits capital expenditures from the general fund only to rebuild schools destroyed by a disaster, and only up to the amount not covered by insurance or other reimbursements.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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