Establishes a fund for matching school district expenditures of reserve moneys to increase teacher salaries

This bill creates a "Matching Grants for Teachers Plan Fund" to help school districts increase teacher salaries. The state will match the amounts school districts use from their reserves for this purpose, up to one million dollars per district annually. To be eligible, districts must deposit at least $100,000 into their reserves and use interest from certain funds to supplement, not replace, existing salary funds.

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