90th General Assembly
Summary of SB1651
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Senate Sponsors:
HALVORSON.

Short description: 
SCHOOLS AID FORMULA CHANGES                                                

Synopsis of Bill as introduced:
        Amends the School Code.  Revises the State aid formula applicable      
   during the 1998-99 and subsequent school years.  Changes the manner of      
   computing  the  Available  Local  Resources   for   school   districts      
   maintaining  grades  9  through  12  and  the  manner of adjusting the      
   equalized  assessed  valuation  of  the  taxable  property  of   those      
   districts  because  of  enterprise  zone  and  other tax abatements by      
   reducing a component of the formulas used to make  those  computations      
   and  adjustments  to  1.10%  from  1.20%.   Also changes the manner of      
   determining the Low Income Concentration Level of school districts  of      
   less  than  500,000 inhabitants for the 1999-2000 and 2000-2001 school      
   years.  Deletes language requiring that if the aggregate amount of any      
   hold-harmless payments that school districts are  to  receive  in  any      
   such  school  year,  as computed under the applicable formula for that      
   school year, is greater than the  aggregate  amount  appropriated  for      
   that purpose, the hold-harmless payments that school districts receive      
   for  that school year are to be prorated accordingly.  Also amends the      
   General State Aid Continuing Appropriation  Law.   Changes  the  Law's      
   short title and includes hold-harmless payments required to be made to      
   school  districts under the State aid formula within the ambit of that      
   Law's application.  Effective immediately, except the amendment of the      
   School Code takes effect July 1, 1998.                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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