SB 337

This bill limits the school district revenue limit adjustment for projects to

implement energy efficiency measures or to purchase energy efficiency products

(energy efficiency projects) to school districts that adopted a resolution before the

effective date of the bill.

Current law generally limits the total amount of revenue per pupil a school

district may receive from general school aids and property taxes in a school year to

the amount of revenue received per pupil in the previous school year. However, there

are several exceptions to the revenue limit under current law. Once such exception

is for a school district that adopts a resolution to initiate an energy efficiency project.

Under current law, a school district's revenue limit is increased by the amount the

school district spends on the energy efficiency project in a school year, including

amounts spent for debt service on a bond, note, or state trust fund loan used to

finance the energy efficiency project. This bill limits this school district revenue limit

adjustment to school districts that adopted a resolution to initiate an energy

efficiency project before the effective date of the bill.