Relating to authorized transfers of school district general fund moneys to the student activity fund and including effective date provisions

This bill provides that for the school budget year beginning July 1, 2020, the school budget year beginning July 1, 2021, and the school budget year beginning July 1, 2022, the school board may, by resolution, transfer from the school corporation’s general fund to the student activity fund an amount necessary, as recommended by the superintendent, to fund cocurricular or extracurricular activities for which moneys from admissions, activity fees, student dues, student fund-raising events, or other student-related cocurricular or extracurricular activities fail to meet the financial needs of the activity as the result of restrictions placed on the activity related to the COVID-19 pandemic. The provision authorizing the transfers to the student activity fund is repealed July 1, 2023. The bill also modifies language regarding use of moneys in the student activity fund to reflect current rules adopted by the department of education. The bill takes effect upon enactment.