Monday, March 05, 2007
Senator Turner Pushes Bill To Save Schools Money
State Senator Johnny Ray Turner, D-Drift, is pushing legislation that will save Floyd County public schools from paying bonding money on a $1.5 million dollar surety bond.
Senate Bill 203 will exempt public sector self-insured employers, such as schools, from costly bond payments. Sen. Turner was quoted as saying Schools can not afford these unnecessary and burdensome payments; this is money that should go towards adding teachers, raising salaries or putting computers in the classroom. Senate Bill 203 applies to public employers who have the authority to raise taxes or tuition, issue bonds, raise fees, or have other authority to generate funds. Representative Leslie Combs, D-Pikeville, has co-sponsored a companion bill in the House of Representatives. Upon passage in the Senate the bill will move to the House for approval.
Senate Bill 203 will exempt public sector self-insured employers, such as schools, from costly bond payments. Sen. Turner was quoted as saying Schools can not afford these unnecessary and burdensome payments; this is money that should go towards adding teachers, raising salaries or putting computers in the classroom. Senate Bill 203 applies to public employers who have the authority to raise taxes or tuition, issue bonds, raise fees, or have other authority to generate funds. Representative Leslie Combs, D-Pikeville, has co-sponsored a companion bill in the House of Representatives. Upon passage in the Senate the bill will move to the House for approval.
# posted by Justin Mullins @ 4:09 PM 
