Authorizing expenditures from certain funds by small school districts

This bill authorizes expenditures from certain funds by small school districts. Under the bill, a school district with a budget enrollment of 200 students or less for each of the three most recent budget years may use, for up to five years, the unencumbered and unobligated moneys remaining in the physical plant and equipment levy fund (PPEL) and public education and recreation levy fund (PERL) for any school district general fund purpose, other than for salary and benefits. The bill also permits such a school district to adopt a new revenue purpose statement that includes the use of unobligated and unreserved revenues received from the secure an advanced vision for education fund (SAVE) for up to five years for any school district general fund purpose, other than for salary and benefits. Such use authorizations must be approved at an election where the question or the revenue purpose statement, as applicable, receives at least percent approval.