560 IAC 2-4-3.1 Last best offer

Sec. 3.1. (a) Each party shall submit its LBO to the opposing party and the board at the end of the thirty (30) day period for mediation. (b) Each party's LBO shall contain a signed verification stating that all information is correct and that the LBO does not place the school employer in a position of deficit financing. The LBO shall: (1) be submitted in the format required by the board; and (2) include all information and documents required by the board. (c) Prior to the end of formal bargaining of each year, the board will post on its website the required format, information, and documents for an LBO for that year's bargaining season. This information also will be sent to the parties upon declaration of impasse. (d) The LBO shall be submitted to the board electronically. The board may also require the LBO to be submitted in hard copy. (e) The executive director shall provide modified LBO requirements for parties when: (1) the school employers that do not receive a certification of estimated general fund revenue, or after January 1, 2019, education fund revenue, available for bargaining from the school funding formula pursuant to IC 20-29-6-12.5; or (2) impasse has been stayed. (f) Any party may seek modified LBO requirements within ten (10) days prior to the end of the thirty (30) day period for mediation. Such modifications shall be advisory unless otherwise agreed to by both parties. (g) The board staff shall review the LBOs to ensure that the LBO is in the required format and contains the required information and documents. Failure to substantially comply with the requirements of an LBO could result in rejection of the submitted LBO and acceptance of the opposing party's LBO. (h) If a party has substantially complied with the LBO requirements, the executive director will notify the submitting party, who will have forty-eight (48) hours to provide the requested format, information, or documents. Failure to submit an LBO as requested by the board could result in rejection of the submitted LBO and acceptance of the opposing party's LBO.