Text: SF00054 Text: SF00056 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 257.1, subsection 2, unnumbered 1 2 paragraph 3, Code 1997, is amended to read as follows: 1 3 For the budget year commencing July 1,19951997, the 1 4 department of management shall add the amount of the 1 5 additional budget adjustment computed in section 257.14, 1 6 subsection 2, to the combined foundation base. 1 7 Sec. 2. Section 257.14, subsections 1 and 2, Code 1997, 1 8 are amended to read as follows: 1 9 1. For the budgetyearsyear commencingJuly 1, 1991, July1 101, 1992, July 1, 1993, July 1, 1994, July 1, 1995, andJuly 1, 1 1119961997, if the department of management determines that the 1 12 regular program district cost of a school district for a 1 13 budget year is less than the total of the regular program 1 14 district cost plus any adjustment added under this section for 1 15 the base year for that school district, the department of 1 16 management shall provide a budget adjustment for that district 1 17 for that budget year that is equal to the difference. 1 18 2. For the budget year beginning July 1,19951997, if the 1 19 department of management determines that the regular program 1 20 district cost plus the budget adjustment computed under 1 21 subsection 1 of a school district is less than one hundred one 1 22 percent of the total of the regular program district cost plus 1 23 any adjustment added under this section for the base year for 1 24 that school district, the department of management shall 1 25 provide an additional budget adjustment for that budget year 1 26 that is equal to the difference. 1 27 Sec. 3. Section 257.14, subsection 3, Code 1997, is 1 28 amended by striking the subsection. 1 29 Sec. 4. This Act, being deemed of immediate importance, 1 30 takes effect upon enactment for the purpose of computations 1 31 required for the budget year beginning July 1, 1997. 1 32 EXPLANATION 1 33 This bill directs the department of management to provide a 1 34 budget adjustment to ensure that a school district's regular 1 35 program district cost is not less than 101 percent of the 2 1 level of the previous budget year. Currently, a school 2 2 district's regular program district cost for the budget year 2 3 beginning July 1, 1996, is guaranteed to equal at least 100 2 4 percent of the district cost plus any cost guarantee 2 5 adjustment for the previous school budget year. The bill 2 6 provides that the additional 1 percent will be added to the 2 7 combined foundation base for the budget year beginning July 1, 2 8 1997, and will be paid as state foundation aid rather than as 2 9 property tax revenues. The bill also strikes an outdated 2 10 subsection. 2 11 The bill provides for an immediate effective date. 2 12 LSB 1569SS 77 2 13 kh/cf/24
Text: SF00054 Text: SF00056 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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