AMENDMENT FOR PRINTED BILL
65ca
___________________ moved that SB 65 be amended as follows:
On page
1 of the printed bill,
delete lines
4 to 16
, inclusive, and insert:
"
Section 1. That
§
13-13-73.2
be repealed.
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 percent (0.2) 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).
".
On page
2
,
delete lines
1 to 6
, inclusive.