Modifies and establishes provisions relating to moneys in school funds

HB 3275 reorganizes how school districts manage four specific funds: Teachers', Incidental, Capital Projects, and Debt Service. It specifies where revenue sources (like property taxes, tuition, bond proceeds, and energy savings contracts) must be deposited and sets strict rules for transferring balances between funds - such as limiting incidental fund transfers to teachers' funds to no more than 25% of annual teacher costs, and requiring excess incidental fund balances over 50% of prior-year combined fund spending to be transferred. The bill directly affects all public school districts by changing their financial management procedures for these designated funds, including new requirements for energy savings contract payments only after realized energy savings.