requiring the state board of education to report the unfunded financial impact to school districts for rules adopted by the board which exceed state or federal minimum standards.

HB 718 requires the state Board of Education to calculate and report the additional costs to school districts when adopting new rules that go beyond existing state or federal minimum standards. This directly affects school districts by providing them with advance notice of potential budget impacts before new mandates take effect. The key provision is a mandatory financial impact statement, ensuring districts can plan for unfunded requirements. The bill became law on July 15, 2025, after passing both chambers and receiving the governor's signature. It does not change funding levels but adds transparency to rule implementation.