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| [ Introduced ] | [ Senate Amendment 002 ] |
91_SB0139sam003
LRB9101564NTsbam03
1 AMENDMENT TO SENATE BILL 139
2 AMENDMENT NO. . Amend Senate Bill 139 as follows:
3 on page 7, immediately below line 6, by inserting the
4 following:
5 "(5) The amount of general State aid allocated to a
6 school district for the 1999-2000 school year meeting the
7 requirements set forth in paragraph (4) of subsection (G)
8 shall be increased by an amount equal to the general State
9 aid that would have been received by the district for the
10 1998-1999 school year by utilizing the Extension Limitation
11 Equalized Assessed Valuation as calculated in paragraph (4)
12 of subsection (G) less the general State aid allotted for the
13 1998-1999 school year. This amount shall be deemed a one
14 time increase, and shall not affect any future general State
15 aid allocations."; and
16 on page 13, immediately below line 17, by inserting the
17 following:
18 "(4) For the purposes of calculating general State aid
19 for the 1999-2000 school year only, if a school district
20 experienced a triennial reassessment on the equalized
21 assessed valuation used in calculating its general State
22 financial aid apportionment for the 1998-1999 school year,
23 the State Board of Education shall calculate the Extension
-2- LRB9101564NTsbam03
1 Limitation Equalized Assessed Valuation that would have been
2 used to calculate the district's 1998-1999 general State aid.
3 This amount shall equal the product of the equalized assessed
4 valuation used to calculate general State aid for the
5 1997-1998 school year and the district's Extension Limitation
6 Ratio. If the Extension Limitation Equalized Assessed
7 Valuation of the school district as calculated under this
8 paragraph (4) is less than the district's equalized assessed
9 valuation utilized in calculating the district's 1998-1999
10 general State aid allocation, then for purposes of
11 calculating the district's general State aid pursuant to
12 paragraph (5) of subsection (E), that Extension Limitation
13 Equalized Assessed Valuation shall be utilized to calculate
14 the district's Available Local Resources.".