Synopsis As Introduced Amends the School Code. In provisions concerning interest of board members in contracts, sets forth additional exemptions from the provisions if the board member maintains less than a 1% share in the ownership of the company with which the school district is attempting to contract and the board member discloses and recuses himself or herself from the deliberations. Sets forth provisions concerning when a board member shall be deemed interested.
State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity)
This legislation does not create a State mandate.
Fiscal Note (State Board of Education)
HB 3378 will not have a fiscal impact on the State Board of Education.