S 0245 General Bill, By Martin and Leatherman
Summary: Homestead Exemption Fund reimbursements
    A BILL TO AMEND SECTION 11-11-156(A) OF THE 1976 CODE, ADDED BY ACT 388 OF 2006, RELATING TO REIMBURSEMENTS FROM THE HOMESTEAD EXEMPTION FUND, TO PROVIDE THAT A SCHOOL DISTRICT MUST NOT BE REIMBURSED FROM THE FUND IN 2007-2008 FOR MORE THAN THE DISTRICT ACTUALLY COLLECTED OR RECEIVED IN 2005-2006, ADJUSTED BY AN INFLATION FACTOR, IF A SCHOOL DISTRICT'S OPERATIONAL MILLAGE FOR 2006-2007 INCREASED BY MORE THAN TEN PERCENT OVER THE PRIOR FISCAL YEAR, AND TO PROVIDE EXCEPTIONS TO THE REIMBURSEMENT LIMITATION.
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01/09/07	Senate	Introduced and read first time SJ-139
01/09/07	Senate	Referred to Committee on Finance SJ-139
02/09/07	Senate	Referred to Subcommittee: Hayes (ch), Land, Courson, Matthews, Grooms, Richardson