An Act To Provide An Additional Allocation In The School Funding Formula To Cover Tax-Exempt Property Or A Large Economically Disadvantaged Student Population

This legislative amendment modifies an existing bill by removing a specific requirement regarding how leftover school funds are handled. Previously, the law mandated that 60% of unspent general aid from the Department of Education be moved to a renovation fund for the following year. By striking out this section, the amendment allows those unobligated balances to remain in the general purpose aid account instead of being automatically transferred. This change directly affects the state's Department of Education and local school districts by altering the rules for managing their annual financial allocations.