making school building aid program funds nonlapsing.

HB 295 would change the rule for school building aid funds, ensuring that any unspent money from the program does not expire at year-end and instead carries over to future years. This directly affects school districts receiving state aid for building projects, as it prevents funds from being lost if not fully used in a single fiscal year. The key provision modifies how these funds are managed, requiring the state to retain unused allocations rather than reclaiming them. The bill is currently pending, having been reported as "Inexpedient to Legislate" by the majority committee (10-8 vote) but recommended for passage by the minority committee.