House Journal: Page 1541: Wednesday, April 25, 2001
36 amount which would be applicable for the budget year
37 beginning July 1, 2003, if the budget guarantee were
38 determined for that budget year as calculated for the
39 budget year beginning July 1, 2001.
40 c. For the budget year commencing July 1, 2004,
41 the greater of the difference between the regular
42 program district cost for the budget year and one
43 hundred one percent of the regular program district
44 cost for the base year, or seventy percent of the
45 amount by which the budget guarantee as calculated for
46 the budget year beginning July 1, 2001, exceeds the
47 adjusted guarantee amount. For purposes of this
48 paragraph, the "adjusted guarantee amount" means the
49 amount which would be applicable for the budget year
50 beginning July 1, 2004, if the budget guarantee were
Page 7
1 determined for that budget year as calculated for the
2 budget year beginning July 1, 2001.
3 d. For the budget year commencing July 1, 2005,
4 the greater of the difference between the regular
5 program district cost for the budget year and one
6 hundred one percent of the regular program district
7 cost for the base year, or sixty percent of the amount
8 by which the budget guarantee as calculated for the
9 budget year beginning July 1, 2001, exceeds the
10 adjusted guarantee amount. For purposes of this
11 paragraph, the "adjusted guarantee amount" means the
12 amount which would be applicable for the budget year
13 beginning July 1, 2005, if the budget guarantee were
14 determined for that budget year as calculated for the
15 budget year beginning July 1, 2001.
16 e. For the budget year commencing July 1, 2006,
17 and each budget year thereafter, the difference
18 between the regular program district cost for the
19 budget year and one hundred one percent of the regular
20 program district cost for the base year.
21 For the purposes of this subsection, a school
22 district shall be eligible to apply the eighty,
23 seventy, and sixty percent provisions in paragraphs
24 "b", "c", and "d", only if the school district
25 received a budget adjustment for the budget year
26 beginning July 1, 2002, based on the ninety percent
27 provision in paragraph "a".
28 The board of directors of a school district that
29 wishes to receive a budget adjustment pursuant to this
30 subsection shall adopt a resolution to receive the
31 budget adjustment and shall, by April 1, annually,
32 notify the department of management of the adoption of
33 the resolution and the amount of the budget adjustment
34 to be received.
© 2001 Cornell College and
League of Women Voters of Iowa
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