House Journal: Page 1540: Wednesday, April 25, 2001
37 regular program district cost plus any adjustment
38 added under this section for the base year for that
39 school district, the school district shall be eligible
40 to receive a budget adjustment for that district for
41 that budget year up to an amount equal to the
42 difference. The board of directors of a school
43 district that wishes to receive a budget adjustment
44 pursuant to this subsection shall, notwithstanding the
45 public notice and hearing provisions of chapter 24 or
46 any other provision to the contrary, within thirty
47 days following April 6, 2000 the effective date of
48 this Act, adopt a resolution to receive the budget
49 adjustment and immediately notify the department of
50 management of the adoption of the resolution and the
Page 6
1 amount of the budget adjustment to be received.
2 Sec. 9. Section 257.14, subsection 2, Code 2001,
3 is amended by striking the subsection and inserting in
4 lieu thereof the following:
5 2. For the budget year commencing July 1, 2002,
6 and succeeding budget years, if the department of
7 management determines that the regular program
8 district cost of a school district for a budget year
9 is less than one hundred one percent of the regular
10 program district cost for the base year for that
11 school district, a district shall be eligible for a
12 budget adjustment corresponding to the following
13 schedule:
14 a. For the budget year commencing July 1, 2002,
15 the greater of the difference between the regular
16 program district cost for the budget year and one
17 hundred one percent of the regular program district
18 cost for the base year, or ninety percent of the
19 amount by which the budget guarantee as calculated for
20 the budget year beginning July 1, 2001, exceeds the
21 adjusted guarantee amount. For purposes of this
22 paragraph, the "adjusted guarantee amount" means the
23 amount which would be applicable for the budget year
24 beginning July 1, 2002, if the budget guarantee were
25 determined for that budget year as calculated for the
26 budget year beginning July 1, 2001.
27 b. For the budget year commencing July 1, 2003,
28 the greater of the difference between the regular
29 program district cost for the budget year and one
30 hundred one percent of the regular program district
31 cost for the base year, or eighty percent of the
32 amount by which the budget guarantee as calculated for
33 the budget year beginning July 1, 2001, exceeds the
34 adjusted guarantee amount. For purposes of this
35 paragraph, the "adjusted guarantee amount" means the
© 2001 Cornell College and
League of Women Voters of Iowa
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