AMENDMENT FOR PRINTED BILL
1155ra
___________________ moved that HB 1155 be amended as follows:
On the printed bill, delete everything after the enacting clause and insert:
"
Section 1. That
§
13-13-10.1
be amended to read as follows:
13-13-10.1.
Terms used in this chapter mean:
(1)
"Average daily membership," the average number of resident and nonresident kindergarten
through twelfth grade pupils enrolled in all schools operated by the school district during
the previous regular school year, minus average number of pupils for whom the district
receives tuition, except pupils described in subdivision (1A) and pupils for whom tuition
is being paid pursuant to
§
13-28-42 and plus the average number of pupils for whom the
district pays tuition;
(1A)
Nonresident students who are in the care and custody of the Department of Social
Services, the Unified Judicial System, the Department of Corrections, or other state
agencies and are attending a public school may be included in the average daily
membership of the receiving district when enrolled in the receiving district. When counting
a student who meets these criteria in its general enrollment average daily membership, the
receiving district may begin the enrollment on the first day of attendance. The district of
residence prior to the custodial transfer may not include students who meet these criteria
in its general enrollment average daily membership after the student ceases to attend
school in the resident district;
(2)
"Adjusted average daily membership," calculated as follows:
(a)
For districts with an average daily membership of two hundred or less, multiply 1.2
times the average daily membership;
(b)
For districts with an average daily membership of less than six hundred, but greater
than two hundred, raise the average daily membership to the 0.8293 power and
multiply the result times 2.98;
(c)
For districts with an average daily membership of six hundred or more, multiply 1.0
times their average daily membership;
(3)
"Index factor," is the annual percentage change in the consumer price index for urban
wage earners and clerical workers as computed by the Bureau of Labor Statistics of the
United States Department of Labor for the year before the year immediately preceding the
year of adjustment or three percent, whichever is less;
(3A)
"Enrollment adjustment," is one-half of the negative of the annual percent change in the
statewide general enrollment average daily membership for the year before the year
immediately preceding the year of adjustment;
(4)
"Per student allocation," for the period January 1, 1997, to June 30, 1997, inclusive, is
$1,675. For school fiscal year 1998, beginning on July 1, 1997, the per student allocation
shall be $3,350 increased by the index factor. Each school fiscal year thereafter, the per
student allocation shall be the previous fiscal year's per student allocation increased by the
index factor, plus the enrollment adjustment;
(5)
"Local need," the per student allocation multiplied by the adjusted average daily
membership;
(6)
"Local effort," the amount of ad valorem taxes generated in a school fiscal year by
applying the levies established pursuant to
§
10-12-42;
(7)
"General fund balance," the unreserved fund balance of the general fund, less general fund
exclusions plus, beginning with transfers made in fiscal year 2001, any transfers out of the
general fund for the previous school fiscal year;
(8)
"General fund balance percentage," is a school district's general fund balance divided by
the school district's total general fund expenditures for the previous school fiscal year, the
quotient expressed as a percent;
(9)
"General fund base percentage," is the general fund balance percentage as of June 30,
2000. However, the general fund base percentage can never increase and can never be less
than
twenty
thirty
percent;
(10)
"Allowable general fund balance," the fund base percentage multiplied by the district's
general fund expenditures in the previous school fiscal year;
(11)
"Imputed interest rate," the average prime rate for the preceding fiscal year minus 2.5
percentage points;
(12)
"General fund exclusions," revenue a school district has received from the imposition of
the excess tax levy pursuant to
§
10-12-43; revenue a school district has received from
gifts, contributions, grants, or donations; revenue a school district has received under the
provisions of
§
§
13-6-92 to 13-6-96, inclusive; and any revenue in the general fund set
aside for a noninsurable judgment.
Section 2. That
§
13-13-73.2
be amended to read as follows:
13-13-73.2.
A school district's state aid for general education as calculated pursuant to
§
13-13-73 shall be reduced by the following calculation:
(1)
Subtract the allowable general fund balance from the general fund balance. If the result is
less than zero, (1) equals zero;
(2)
Determine the lower of the general fund base percentage or the general fund balance
percentage;
(3)
Subtract
twenty
thirty
percent
(0.2)
(0.3)
from the result of (2). If the result is less than
zero, (3) equals zero;
(4)
Multiply the result of (3) by the district's general fund expenditures in the previous school
fiscal year;
(5)
Multiply the result of (4) by the imputed interest rate;
(6)
Add the result of (1) and the result of (5).
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