Missouri legislation · 2026 Regular Session
Missouri HB3275: Modifies and establishes provisions relating to moneys in school funds
Status: In committee, May 15, 2026
What the bill says
A resolution of the school board approved by a majority of the board members in office when the resolution is voted on and identifying the specific capital projects to be funded directly by the district by the transferred funds and an estimated expenditure date, which shall be within one fiscal year. [5.] 6. Beginning in the 2006-07 school year, a district meeting the provisions of subsection 5 of section 163.031 and not making the transfer under paragraph (e) of subdivision [(5)] (1) of subsection [4] 5 of this section, nor making payments or expenditures related to obligations made under sec.
From the introduced text:
a resolution of the school board approved by a majority of the board members in office when the resolution is voted on and identifying the specific capital projects to be funded directly by the district by the transferred funds and an estimated expenditure date, which shall be within one fiscal year. [5.] 6. Beginning in the 2006-07 school year, a district meeting the provisions of subsection 5 of section 163.031 and not making the transfer under paragraph (e) of subdivision [(5)] (1) of subsection [4] 5 of this section, nor making payments or expenditures related to obligations made under section 177.088 may transfer from the incidental fund to the debt service fund or the capital projects fund the greater of: (1) The state aid received in the 2005-06 school year as a result of no more than eighteen cents of the sum of the debt service and capital projects levy used in the foundation formula and placed in the respective debt service or capital projects fund, whichever fund had the designated tax levy; or (2) Five percent of the state adequacy target multiplied by the district's weighted average daily attendance. [6.] 7. Beginning in the 2006-07 school year, the department of elementary and secondary education shall deduct from a school district's state aid calculated pursuant to section 163.031 an amount …
Sponsors
- Louis Riggs (R, 005) · primary sponsor