Authorizes school districts to borrow against certain reserve funds
Summary
Authorizes school districts to borrow against certain reserve funds, pursuant to a resolution adopted by the board of education of such school district.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
Governor
Introduced May 20, 2025
Last action Apr 13, 2026
Maddy AI version diff · 1 comparison
What changed between versions
A8539
→
A8539A
·
2 edits
MINOR
The bill was amended to include additional sponsors and update its procedural status after committee review. The text of the bill itself was reorganized to improve readability by merging previously separate paragraphs regarding borrowing rules into a single continuous section. No substantive policy changes, such as new funding amounts, eligibility criteria, or enforcement mechanisms, were introduced.
TECHNICAL
The bill's header was updated to reflect new sponsors (Schiafoni and Kassay added) and changed the procedural status to indicate the bill was amended, discharged from committee, and recommitted.
The internal numbering and paragraph structure of the borrowing rules were reorganized to consolidate text, merging the initial borrowing conditions and repayment schedules into a single flow for clarity.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
2
Committee
2
Amendments
2
Apr 13, 2026
Lower · Passed
PRINT NUMBER 8539A
lower
Apr 13, 2026
Lower · Passed
AMEND AND RECOMMIT TO EDUCATION
lower
Jan 7, 2026
Committee
REFERRED TO EDUCATION
lower
May 20, 2025
Committee
REFERRED TO EDUCATION
lower
1 primary · 4 co-sponsors
Sponsors
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