13-13-73.9. Required increase or minimum salary--Penalty--Waiver.

The Department of Education must decrease state aid to general education funding to the school district in the following fiscal year by five hundred dollars for each full-time equivalent teacher employed in the school district if:

(1)    The school district does not increase the school district's average teacher compensation in accordance with § 13-13-73.6; or

(2)    The school district does not pay each full-time equivalent teacher a salary at least equal to the state minimum salary as defined in § 13-13-73.8.

A school district may request a waiver from any penalty imposed under this section from the School Finance Accountability Board.

Source: SL 2024, ch 53, § 5.