Florida Senate - 2012 SB 142 By Senator Flores 38-00160-12 2012142__ 1 A bill to be entitled 2 An act relating to the Florida Education Finance 3 Program; requiring that the Department of Education 4 enter into a contract with an entity located outside 5 the state to conduct a study and review of the Florida 6 Education Finance Program and recommend any 7 improvements that may be necessary; requiring that the 8 department submit a report to the Governor and the 9 Legislature by a specified date; providing an 10 appropriation and for carryforward of any unexpended 11 balance of funds; providing an effective date. 12 13 Be It Enacted by the Legislature of the State of Florida: 14 15 Section 1. (1) The Department of Education shall enter into 16 a contract with an entity located outside the state to conduct a 17 study that includes the review of the Florida Education Finance 18 Program. The entity shall review the current funding 19 distribution formula and recommend any improvements that may be 20 necessary to ensure equity among the school districts. The 21 entity shall consider each school district’s varying 22 characteristics and overall student populations. 23 (2) The department shall submit a report containing the 24 results of the study to the Governor, the President of the 25 Senate, and the Speaker of the House of Representatives by 26 January 1, 2013. 27 Section 2. For the 2012-2013 fiscal year, the sum of 28 $100,000 in nonrecurring funds is appropriated from the General 29 Revenue Fund to the Department of Education for the purpose of 30 implementing section 1 of this act. Any unexpended funds from 31 this appropriation shall be reappropriated for the 2013-2014 32 fiscal year. 33 Section 3. This act shall take effect July 1, 2012.