DES MOINES — School districts could use their cash reserves to compensate for a perceived inequity in state school funding under new legislation being considered by a panel of state lawmakers.Three Iowa House members considered a bill Wednesday that would permit districts with available cash reserves to match others that are allowed to spend more per pupil.The issue gained statewide attention when Davenport Superintendent Art Tate announced his plan to violate state law by using a portion of the district’s nearly $30 million in reserve funds to help offset what he says is low state funding and avoid staff and program cuts.“When funding levels are inadequate, we look to other ways to generate revenue,” said Iowa Rep.