Schools; Building Equalization for K-8 Student Transfers Revolving Fund; revenue; limitations; uses of the fund; expenditures subject to warrants; effective date; emergency.

HB 1428 creates a $10 million revolving fund called the "Building Equalization for K-8 Student Transfers Revolving Fund" (BEST Fund) to support school districts that receive K-8 students from other districts. The fund can be used for specific facility expenses like building construction, repairs, equipment purchases, utility costs, security systems, and school buses. Districts must use the funds only for these approved purposes, and expenditures require state approval through warrants. The fund is ongoing (not limited to fiscal years) and takes effect July 1, 2025.