AMENDMENT FOR PRINTED BILL
170fa
___________________ moved that SB 170 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
Local 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
for taxes payable in
2007, the local index factor is three and three-fourths percent, for taxes payable in 2008,
the local index factor is four and one-half percent, and for taxes payable in 2009 and each
year thereafter, the local index factor is five and one-fourth percent
;
(3A) "State index factor," for taxes payable in 2007, the local index factor is three and three-
fourths percent, for taxes payable in 2008, the local index factor is four and one-half
percent, and for taxes payable in 2009 and each year thereafter, the local index factor is
five and one-fourth percent;
(4)
"Per student allocation," for school fiscal year
2006 is $4,237.72
2007 is $2,312 for the
state and $2,088 for the school districts
. Each school fiscal year thereafter, the per student
allocation is the
sum of the
previous fiscal year's
state and the school districts
per student
allocation increased by the
state
index factor
plus forty-two dollars per student and the
local index factor, respectively
;
(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 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.
"