Text: SF00147 Text: SF00149 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 257.14, subsection 2, Code 2003, is 1 2 amended to read as follows: 1 3 2. For the budget years commencingJuly 1, 2002, andJuly 1 4 1, 2003, and July 1, 2004, if the department of management 1 5 determines that the regular program district cost of a school 1 6 district for a budget year is less than the total of the 1 7 regular program district cost plus any adjustment added under 1 8 this section for the base year for that school district, the 1 9 school district shall be eligible to receive a budget 1 10 adjustment for that district for that budget year up to an 1 11 amount equal to the difference. The board of directors of a 1 12 school district that wishes to receive a budget adjustment 1 13 pursuant to this subsection shall adopt a resolution to 1 14 receive the budget adjustment by April 15, annually, and shall 1 15 notify the department of management of the adoption of the 1 16 resolution and the amount of the budget adjustment to be 1 17 received. 1 18 Sec. 2. Section 257.14, subsection 3, Code 2003, is 1 19 amended by striking the subsection. 1 20 Sec. 3. EFFECTIVE DATE. This Act, being deemed of 1 21 immediate importance, takes effect upon enactment. 1 22 EXPLANATION 1 23 This bill provides for the continuation of the 100 percent 1 24 budget guarantee, currently applicable to school districts for 1 25 the school budget year beginning July 1, 2003, for the school 1 26 budget year beginning July 1, 2004. This enables a school 1 27 district to maintain 100 percent of the previous year's 1 28 budget, adjusted to include the amount of the budget 1 29 adjustment the district received in the previous year. The 1 30 bill eliminates provisions that were passed during the 2001 1 31 Legislative Session which, starting with the school budget 1 32 year beginning July 1, 2004, provided that school districts 1 33 would no longer be eligible for the 100 percent "adjusted" 1 34 guarantee, but would instead be eligible for a 101 percent 1 35 guarantee without the adjustment for inclusion of the previous 2 1 year's guarantee. The bill also eliminates provisions passed 2 2 during the 2001 Legislative Session that provided for an 2 3 optional 10-year phaseout of the 100 percent adjusted 2 4 guarantee for school districts that would lose money based on 2 5 the change to a 101 percent nonadjusted guarantee. 2 6 The bill takes effect upon enactment. 2 7 LSB 1810SS 80 2 8 rn/cl/14
Text: SF00147 Text: SF00149 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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