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7/21/11
Yesterday, a State Board of Education agenda item to amend the indirect cost rates for Foundation School Program Special Programs was presented by Rita Chase, Director of Financial Audits. Changes to indirect cost rates in 19 TAC Chapter 105, Foundation School Program, Subchapter B, Use of State Funds, §105.11, Maximum Allowable Indirect Cost, are authorized under Senate Bill 1, 82nd Legislature, First Called Session. Changes to the indirect costs rates are necessary to maintain the current proportionality between the FSP Regular Program Allotment and the FSP Special Programs Allotments, as state aid allotments are reduced for the FSP Regular Program Allotment for the 2012-13 biennium. The proposed rates are:
| Special Education Adjusted Allotment |
48% |
| Gifted & Talented Adjusted Allotment |
48% |
| Compensatory Education Allotment |
48% |
| Bilingual Education Allotment |
48% |
| Career and Technology Allotment |
42% |
In regard to the effective date, the agenda item stated, "The proposed amendment to 19 TAC §105.11 would be presented to the SBOE for first reading and filing authorization at the September 2011 meeting. Second reading and final adoption would then be presented at the November 2011 meeting with a proposed effective date of 20 days after filing as adopted, if approved by a vote of two-thirds of the members of the SBOE...SB 1 directs the SBOE to take action not later than the date that permits the increased indirect cost allotments to apply beginning with the 2011-2012 school year."
To access the agenda for the July 2011 Committee on School Finance/Permanent School Fund, click on the link below.
http://www.tea.state.tx.us/index4.aspx?id=2147501473
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