Schools; general fund expenditures; gift, grant, and donation monies; general fund carryover; effective date.
What changed between versions
The bill header was updated to reflect the 'Senate Floor Version' dated April 14, 2026, replacing the 'House of Representatives - Floor Version' header.
The title of the act was slightly rephrased to read 'Engrossed House Bill No. 3025' instead of just 'Committee Substitute', indicating the bill has passed the House and is now in the Senate.
The definition of 'County sources' was expanded to explicitly exclude funds from sinking fund levies in addition to building fund levies.
The definition of 'Capital expenditures' was expanded to include lease payments and interest with terminal dates that result in property acquisition.
The definition of 'Noncapital expenditures' was expanded to include direct expenses for the upkeep of grounds.
The rules for handling gifts, grants, or donations were modified to clarify that funds designated for non-capital expenditures may be placed in the general fund and allowed to accumulate from year to year, rather than being restricted to the fiscal year they were received.