Relating to providing for condition-based emergency funding for a financially distressed county.

Where it is in the process

Plain-English Summary

This bill creates a fund to provide emergency loans to financially distressed county school districts that have less than five percent of their funding in reserve. The money can only be used for personnel and essential operating expenses. If a county receives funds, certain employees responsible for financial mismanagement may be prohibited from working in financial roles in public education for at least two years, and officials could face removal from office.

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