School funding; removing limitations on school district general fund carryover and penalties for exceeding limitations. Effective date. Emergency.

Clarified that the general fund includes state-dedicated revenue, state-appropriated revenue, and county sources, while excluding special building fund levies and bond sales proceeds.

Updated the definition of capital expenditures to include specific examples like roof structure changes, load-bearing wall modifications, and professional services for capital projects.

Expanded the definition of noncapital expenditures to include maintenance, repair, replacement of property/equipment, and furniture purchases that don't add to existing facilities.

Removed language that exempted certain funds from calculation of general fund carryover, allowing districts more flexibility in managing unused funds.

Eliminated limitations on the amount of general fund carryover districts could retain and removed associated penalties for exceeding previous limits.

Updated authorization for capital expenditures from general funds to be limited to rebuilding facilities destroyed by fire, natural disasters, or acts of public enemies when insurance and state funds are insufficient.