Lawmakers advance bill for emergency school district loans - WSIL-TV 3 Southern Illinois

Lawmakers advance bill for emergency school district loans

Posted: Updated:

FRANKFORT, Ky. (AP) - Kentucky lawmakers are considering a bill that would put $7 million into an emergency loan fund for school districts struggling to pay basic operations due to declining tax collections.

The measure cleared the House Appropriations and Revenue Committee on Tuesday.

The bill comes as some eastern Kentucky school districts long dependent on coal-related tax revenues have been hard hit by declining coal production.

The proposal would expand access to the loan fund to include those districts. Districts hurt by factory closures would also be eligible.

Rep. John "Bam" Carney sees his bill as a "short-term" response to a district's struggles.

Money for the loans would come from excess funds in the state's main funding formula for public education. No-interest loans would be limited to $500,000.

The legislation is House Bill 141.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
All content © Copyright 2000 - 2018 WSIL. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.