Q Has legislation been enacted to require the school board of a school district having an ending fund balance in the 2010, 2011 and 2012 fiscal years in the maintenance fund of the school district which is an amount equal to less than seven percent (7%) of the total revenue deposited in the district maintenance fund during that fiscal year to prepare and file with the State Department of Education a plan under which the district intends to reduce costs in the district?

A Yes. House Bill 1170, 2010 Regular Session, effective from and after April 7, 2010.