California 2015-2016 Regular Session Status: In Committee

AB 2689 — School districts: annual budgets: reserve balance.

Last action — In committee: Hearing postponed by committee.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2015-2016 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school district's adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school district's units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance. This bill would instead prohibit a school district's adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of an unspecified multiple of the minimum recommended reserve for economic uncertainties adopted by the state board. The bill would also repeal an obsolete provision.

Bill Text

Action History

  1. In committee: Hearing postponed by committee.

  2. Re-referred to Com. on ED.

  3. From committee chair, with author's amendments: Amend, and re-refer to Com. on ED. Read second time and amended.

  4. Referred to Com. on ED.

  5. Read first time.

  6. From printer. May be heard in committee March 22.

  7. Introduced. To print.

Sponsors

  • Gray · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Gray

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance education
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Frequently asked questions

What does AB 2689 do?
In a fiscal year immediately after a fiscal year in which a transfer is made into the Public School System Stabilization Account, existing law prohibits a school district's adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of either 2 or 3 times the minimum recommended reserve for economic uncertainties adopted by the State Board of Education, depending on the school district's units of average daily attendance. Existing law authorizes the county superintendent of schools to waive the prohibition, pursuant to specified conditions, for up to 2 consecutive fiscal years within a 3-year period if the school district provides documentation indicating that extraordinary fiscal circumstances substantiate the need for the balance. This bill would instead prohibit a school district's adopted or revised budget from containing a combined assigned or unassigned ending fund balance that is in excess of an unspecified multiple of the minimum recommended reserve for economic uncertainties adopted by the state board. The bill would also repeal an obsolete provision.
Who sponsors AB 2689?
AB 2689 is sponsored by Gray.
What is the current status of AB 2689?
This bill died with 2015-2016 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 2689?
Track AB 2689 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 2 months ago · updated continuously

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