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Senate Bill 267

Introduced Senate Bill (S)

DIGEST

School administrator contracts. Provides that, unless a provision in a contract entered into or renewed between the governing body of a school corporation and a principal or an assistant principal before July 1, 2018, provides otherwise, the governing body of a school corporation may not pay to a principal or an assistant principal to buy out a contract an amount that exceeds an amount equal to the principal's or assistant principal's salary for any one year under the contract. Provides that, unless a provision in a contract entered into or renewed between the governing body of a school corporation and School administrator contracts. Provides that, unless a provision in a contract entered into or renewed between the governing body of a school corporation and a principal or an assistant principal before July 1, 2018, provides otherwise, the governing body of a school corporation may not pay to a principal or an assistant principal to buy out a contract an amount that exceeds an amount equal to the principal's or assistant principal's salary for any one year under the contract. Provides that, unless a provision in a contract entered into or renewed between the governing body of a school corporation and an assistant superintendent before July 1, 2018, provides otherwise, a governing body may not pay to an assistant superintendent to buy out a contract an amount that exceeds an amount equal to the lesser of: (1) the assistant superintendent's salary for any one year under the contract; or (2) $250,000. Requires that an initial employment contract entered into between the governing body of a school corporation and an assistant superintendent, a principal, or an assistant principal be at least one year and not more than 3 years. (Current law requires the initial contract between the governing body of a school corporation and a principal or assistant principal be the equivalent of at least two years.) Provides that a contract with an assistant superintendent, a principal, or an assistant principal may be extended for an additional three years. ... View more