First Regular Session Seventy-first General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP HOUSE SPONSORSHIP

Similar documents
First Regular Session Seventieth General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

First Regular Session Seventieth General Assembly STATE OF COLORADO INTRODUCED HOUSE SPONSORSHIP

Second Regular Session Seventieth General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP HOUSE SPONSORSHIP

SENATE SPONSORSHIP. Bill Summary

Second Regular Session Seventy-first General Assembly STATE OF COLORADO INTRODUCED HOUSE SPONSORSHIP SENATE SPONSORSHIP

Second Regular Session Seventy-first General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP HOUSE SPONSORSHIP

Second Regular Session Seventy-first General Assembly STATE OF COLORADO INTRODUCED

Second Regular Session Sixty-ninth General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

First Regular Session Sixty-eighth General Assembly STATE OF COLORADO INTRODUCED HOUSE SPONSORSHIP

First Regular Session Seventy-first General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP HOUSE SPONSORSHIP

Second Regular Session. Sixty-second General Assembly LLS NO Christy Chase HOUSE BILL STATE OF COLORADO

Second Regular Session Sixty-sixth General Assembly STATE OF COLORADO INTRODUCED HOUSE SPONSORSHIP

SENATE SPONSORSHIP. Bill Summary. Restoration of the presidential primary election

SENATE SPONSORSHIP. Bill Summary

First Regular Session Seventieth General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

First Regular Session Seventy-second General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

Second Regular Session Sixty-fourth General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

SENATE SPONSORSHIP. Bill Summary

Be it enacted by the General Assembly of the State of Colorado:

HOUSE SPONSORSHIP. Bill Summary

Special Session of SENATE BILL No. 1. By Committee on Ways and Means 6-23

HOUSE SPONSORSHIP. House Committees AND MAKING AN APPROPRIATION THEREFOR. Bill Summary

HOUSE SPONSORSHIP. Bill Summary

Second Regular Session Sixty-fifth General Assembly STATE OF COLORADO REVISED SENATE SPONSORSHIP HOUSE SPONSORSHIP

First Regular Session Seventieth General Assembly STATE OF COLORADO INTRODUCED

Second Regular Session Seventy-first General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

BY REPRESENTATIVE(S) Looper, Rose, Curry, Gallegos, Garza-Hicks, Labuda, McFadyen, Todd, and McKinley; also SENATOR(S) Tapia, and Romer.

STATE OF COLORADO REVISED

Second Regular Session Seventieth General Assembly STATE OF COLORADO INTRODUCED HOUSE SPONSORSHIP SENATE SPONSORSHIP

CLEAN SYRINGE EXCHANGE PROGRAMS TO REDUCE THE SPREAD OF BLOOD-BORNE DISEASE. Be it enacted by the General Assembly of the State of Colorado:

STATE OF COLORADO REVISED

PROPOSED AMENDMENTS TO HOUSE BILL 4033

IC Chapter Election of School Board Members in East Chicago

A Bill Regular Session, 2017 SENATE BILL 506

First Regular Session Sixty-seventh General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

75th OREGON LEGISLATIVE ASSEMBLY Special Session. Enrolled

First Regular Session Sixty-seventh General Assembly STATE OF COLORADO INTRODUCED HOUSE SPONSORSHIP

General Statutes of North Carolina Copyright 2016 by Matthew Bender & Company, Inc. a member of the LexisNexis Group. All rights reserved

SENATE BILL No. 808 AMENDED IN SENATE APRIL 24, Introduced by Senator Mendoza. February 17, 2017

First Regular Session Seventy-second General Assembly STATE OF COLORADO INTRODUCED. Bill Summary

CALIFORNIA CONSTITUTION ARTICLE 2 VOTING, INITIATIVE AND REFERENDUM, AND RECALL

IC Chapter 2. General Elections

Second Regular Session Seventy-first General Assembly STATE OF COLORADO CORRECTED INTRODUCED

1 of 14 DOCUMENTS. OFFICIAL CODE OF GEORGIA ANNOTATED Copyright 2015 by The State of Georgia All rights reserved.

BY REPRESENTATIVE(S) Ryden, Casso, Tyler, Peniston; also SENATOR(S) Carroll M., Williams.

Second Regular Session Sixty-eighth General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

Session of HOUSE BILL No By Committee on Calendar and Printing 3-24

Assembly Bill No CHAPTER 426

SENATE, No STATE OF NEW JERSEY. 218th LEGISLATURE INTRODUCED FEBRUARY 5, 2018

A Bill Regular Session, 2017 SENATE BILL 115

SB001_L.084 HOUSE COMMITTEE OF REFERENCE AMENDMENT Committee on Transportation & Energy. SB be amended as follows:

Governor s Budget OMNIBUS EDUCATION TRAILER BILL

SENATE BILL NO. 29. Pursuant to Article V, Section I, Paragraph 14 of the New. Jersey Constitution, I am returning Senate Bill No.

SENATE BILL lr2404 CF HB 1194 CHAPTER. Spending Mandate and Revenue Dedication Relief Act

A Bill Regular Session, 2013 SENATE BILL 233

AGREEMENT BETWEEN THE TOWNS OF FREETOWN AND LAKEVILLE, MASSACHUSETTS WITH RESPECT TO THE FORMATION OF A PK-12 REGIONAL SCHOOL DISTRICT

CHARTER SCHOOLS ACT OF 1992

SENATE BILL 480. B1, F5, J1 9lr2128 A BILL ENTITLED. Operating Budget Elimination of Inflation Adjustments

$)tate of 'Qtennessee

Be it enacted by the General Assembly of the State of Colorado:

CHARTER OF THE CITY OF BILLINGS

LEGISLATURE 2017 BILL. for increasing a school district's revenue limit by referendum and allowing

REVISOR KRB/JP KRB18-01

SENATE BILL 848 CHAPTER

ANOTHER FOR COMPENSATION IN OBTAINING THE PROCEEDS OF A FORECLOSURE SALE AFTER ALL LIENS HAVE BEEN SATISFIED.

No An act relating to prevention, identification, and reporting of child abuse and neglect at independent schools. (S.113)

ITEM 1 CALL TO ORDER ITEM 2 ROLL CALL ITEM 3 PRESENTATION COMPREHENSIVE PLAN UPDATES ITEM 4 UPDATE BACKGROUND AND INFORMATION REGARDING TABOR

H 7749 S T A T E O F R H O D E I S L A N D

[Second Reprint] ASSEMBLY, No STATE OF NEW JERSEY. 214th LEGISLATURE INTRODUCED JUNE 14, 2010

Second Regular Session Sixty-ninth General Assembly STATE OF COLORADO INTRODUCED SENATE SPONSORSHIP

War Powers Resolution

SENATE, No STATE OF NEW JERSEY. 216th LEGISLATURE INTRODUCED APRIL 28, 2014

Education Chapter ALABAMA STATE BOARD OF EDUCATION STATE DEPARTMENT OF EDUCATION ADMINISTRATIVE CODE CHAPTER APPORTIONMENT OF FUNDS

Chapter No. 284] PUBLIC ACTS, CHAPTER NO. 284 HOUSE BILL NO By Representatives Harwell, McDaniel. Substituted for: Senate Bill No.

Second Regular Session Sixty-eighth General Assembly STATE OF COLORADO INTRODUCED HOUSE SPONSORSHIP

PROPOSED AMENDMENTS TO A-ENGROSSED SENATE BILL 229

A Bill Regular Session, 2019 SENATE BILL 187

IC Chapter 6. Municipal and School District Elections in Cities, Large Towns, and Small Towns in Marion County

79th OREGON LEGISLATIVE ASSEMBLY Regular Session. Enrolled. House Bill 3470 CHAPTER... AN ACT

The Government Performance and Accountability Act. The People of the State of California hereby find and declare that government must be:

A Bill Regular Session, 2017 SENATE BILL 376

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2013 SENATE BILL 403 RATIFIED BILL AN ACT TO AMEND AND CLARIFY VARIOUS PROVISIONS OF THE ELECTION LAWS.

Assembly Bill No. 394 Assemblymen Gardner, Fiore, Jones, Silberkraus, Hickey; Dickman, O Neill, Seaman and Trowbridge

(131st General Assembly) (Amended House Bill Number 153) AN ACT

HOUSE BILL No AN ACT concerning city-county consolidation; authorizing the consolidation of the city of Wichita and Sedgwick county.

A Bill Regular Session, 2013 HOUSE BILL 1907

NOTE: The governor signed this measure on 6/1/2015.

Senate Bill 229 Ordered by the Senate May 22 Including Senate Amendments dated May 22

RICHLAND COUNTY, NORTH DAKOTA HOME RULE CHARTER PREAMBLE

2018 LEGISLATIVE WRAP UP A HISTORIC SESSION FOR ARIZONA EDUCATORS FIFTY-THIRD ARIZONA LEGISLATURE SECOND REGULAR SESSION

A Bill Regular Session, 2013 HOUSE BILL 1353

Mrs. Bonnie Bartczak, Mr. Rick Cyngier, Mrs. Jennifer O Banion, Mr. James Oper, Mr. Rocky Neale

2016 UEA Legislative Summary

Education Chapter ALABAMA STATE BOARD OF EDUCATION STATE DEPARTMENT OF EDUCATION ADMINISTRATIVE CODE CHAPTER APPORTIONMENT OF FUNDS

Jamestown S Klallam Tribe

Oklahoma Constitution

ARTICLE 18 AMENDMENTS

SENATE JOINT RESOLUTION

GUIDE ON HOW AND WHEN TO CALL AN ELECTION

LR_131_ J O I N T R E S O L U T I O N

Transcription:

First Regular Session Seventy-first General Assembly STATE OF COLORADO INTRODUCED LLS NO. 1-0.01 Julie Pelegrin x0 SENATE BILL 1-01 Hill and Williams A., SENATE SPONSORSHIP Sias, HOUSE SPONSORSHIP Senate Committees Education House Committees 1 A BILL FOR AN ACT CONCERNING DISTRIBUTION OF ADDITIONAL OPERATIONAL FUNDING TO CHARTER SCHOOLS. Bill Summary (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov/.) Beginning in the 1-1 budget year, the bill requires a school district to distribute revenue it receives from ongoing local property tax mill levies equally, on a per-student basis, to the school district charter schools. Under specified circumstances, the school district may distribute the revenue using a different calculation. The bill does not require a school district to redistribute to charter schools any amount of the mill Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. Capital letters indicate new material to be added to existing statute. Dashes through the words indicate deletions from existing statute.

levy revenue that it distributed in budget years before the 1-1 budget year. The bill directs the department of education to calculate a mill levy equalization payment for each institute charter school in the amount of the per pupil share of the mill levy overrides of an institute charter school's accounting district. The state will pay the mill levy equalization amounts, subject to annual appropriations. 1 1 1 1 1 1 1 Be it enacted by the General Assembly of the State of Colorado: SECTION 1. In Colorado Revised Statutes, add -0.-. as follows: -0.-.. Charter schools - mill levy revenues - equalization - definitions. (1) AS USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE REQUIRES: (a) "ADDITIONAL MILL LEVY" MEANS THE NUMBER OF MILLS THAT A SCHOOL DISTRICT LEVIES THAT ARE IN ADDITION TO THE SCHOOL DISTRICT'S TOTAL PROGRAM MILL LEVY ESTABLISHED IN SECTION -- (), NOT INCLUDING MILLS THAT A SCHOOL DISTRICT MAY LEVY UNDER SECTION -0-1 OR ARTICLE OR OF THIS TITLE, AND THAT ARE AUTHORIZED BY VOTERS BEFORE, ON, OR AFTER THE EFFECTIVE DATE OF THIS SECTION. (b) "PER PUPIL MILL LEVY SHARE" MEANS AN AMOUNT EQUAL TO THE REVENUE THAT A SCHOOL DISTRICT COLLECTS FROM ITS ADDITIONAL MILL LEVY FOR THE APPLICABLE BUDGET YEAR DIVIDED BY THE SCHOOL DISTRICT'S FUNDED PUPIL COUNT AS DEFINED IN SECTION -- FOR THE APPLICABLE BUDGET YEAR. (c) "RESTRICTED REVENUE" MEANS REVENUE THAT A SCHOOL DISTRICT COLLECTS FROM ITS ADDITIONAL MILL LEVY, THE USE OF WHICH IS RESTRICTED BY VOTERS TO A SPECIFIC PROGRAM, TO STUDENTS ENROLLED IN A SPECIFIC GRADE LEVEL, OR TO THE TERMS OF AN -- SB1-01

1 1 1 1 1 1 AGREEMENT BETWEEN A THIRD PARTY AND THE SCHOOL DISTRICT THAT GOVERNS THE USE OF THE REVENUE AND THAT EXISTED BEFORE THE EFFECTIVE DATE OF THIS SECTION. () (a) FOR THE 1-1 BUDGET YEAR AND EACH BUDGET YEAR THEREAFTER, EACH SCHOOL DISTRICT THAT AUTHORIZES A CHARTER SCHOOL SHALL DISTRIBUTE TO THE CHARTER SCHOOL AT LEAST ONE HUNDRED PERCENT OF AN AMOUNT EQUAL TO THE SCHOOL DISTRICT'S PER PUPIL MILL LEVY SHARE FOR THE APPLICABLE BUDGET YEAR MULTIPLIED BY THE NUMBER OF PUPILS, INCLUDING PRESCHOOL PROGRAM PUPILS, ENROLLED IN THE CHARTER SCHOOL FOR THE APPLICABLE BUDGET YEAR, AS REPORTED TO THE DEPARTMENT FOR THE APPLICABLE BUDGET YEAR PURSUANT TO SECTION -0.- (1)(a). IN COUNTING THE NUMBER OF PUPILS ENROLLED IN THE CHARTER SCHOOL, THE SCHOOL DISTRICT SHALL COUNT A PUPIL ENROLLED IN KINDERGARTEN OR IN A PRESCHOOL PROGRAM AS AT LEAST A HALF-DAY PUPIL AND MAY, AT THE SCHOOL DISTRICT'S DISCRETION, COUNT A PUPIL WHO IS INCLUDED IN THE SCHOOL DISTRICT'S ONLINE PUPIL ENROLLMENT, AS DEFINED IN SECTION --. (b) NOTWITHSTANDING ANY PROVISION OF SUBSECTION ()(a) OF THIS SECTION TO THE CONTRARY, IN CALCULATING THE AMOUNT DUE TO A CHARTER SCHOOL UNDER SUBSECTION ()(a) OF THIS SECTION, A SCHOOL DISTRICT MAY SUBTRACT FROM THE AMOUNT DUE TO THE CHARTER SCHOOL ANY PORTION THAT IS RESTRICTED REVENUE IF THE CHARTER SCHOOL, DURING THE APPLICABLE BUDGET YEAR, CLEARLY DOES NOT PROVIDE THE SPECIFIC PROGRAM FOR WHICH THE RESTRICTED REVENUE IS AUTHORIZED BY VOTERS OR IF THE CHARTER SCHOOL, DURING THE APPLICABLE BUDGET YEAR, DOES NOT SERVE STUDENTS ENROLLED IN THE GRADE LEVEL FOR WHICH THE RESTRICTED REVENUE IS AUTHORIZED BY -- SB1-01

1 1 1 1 1 1 VOTERS. (c) NOTWITHSTANDING ANY PROVISION OF SUBSECTION ()(a) OF THIS SECTION TO THE CONTRARY, IN CALCULATING THE AMOUNT DUE TO A CHARTER SCHOOL UNDER SUBSECTION ()(a) OF THIS SECTION, A SCHOOL DISTRICT MAY SUBTRACT FROM THE AMOUNT DUE TO THE CHARTER SCHOOL ANY PORTION THAT IS RESTRICTED REVENUE BECAUSE IT IS SUBJECT TO A THIRD-PARTY AGREEMENT THAT EXISTED BEFORE THE EFFECTIVE DATE OF THIS SECTION; EXCEPT THAT, IF THE THIRD PARTY AND THE SCHOOL DISTRICT AMEND THE TERMS OF THE AGREEMENT TO ALLOW DISTRIBUTION OF THE REVENUE TO A CHARTER SCHOOL, THE REVENUE CEASES TO BE RESTRICTED REVENUE AND THE SCHOOL DISTRICT SHALL DISTRIBUTE THE REVENUE TO A CHARTER SCHOOL IN ACCORDANCE WITH SUBSECTION ()(a) OF THIS SECTION. (d) NOTWITHSTANDING ANY PROVISION OF SUBSECTION ()(a) OF THIS SECTION TO THE CONTRARY, IF, BEFORE THE EFFECTIVE DATE OF THIS SECTION, A LOCAL SCHOOL BOARD HAS ADOPTED A WRITTEN POLICY THAT DIRECTS THE SCHOOL DISTRICT TO DISTRIBUTE ANY PORTION OF ITS ADDITIONAL MILL LEVY REVENUE TO SPECIFICALLY BENEFIT STUDENTS ENROLLED IN ALTERNATIVE EDUCATION CAMPUSES, STUDENTS WHO QUALIFY FOR REDUCED-PRICE MEALS UNDER THE FEDERAL "RICHARD B. RUSSELL NATIONAL SCHOOL LUNCH ACT", U.S.C. SEC. 11 ET SEQ., STUDENTS WHO ARE IDENTIFIED AS ENGLISH LANGUAGE LEARNERS UNDER SECTION --, OR STUDENTS WHO HAVE INDIVIDUALIZED EDUCATION PROGRAMS UNDER PART 1 OF ARTICLE OF THIS TITLE, THE SCHOOL DISTRICT MAY CONTINUE DISTRIBUTING THE REVENUE FOR THESE PURPOSES, SO LONG AS THE AMOUNT DISTRIBUTED FOR EACH STUDENT IS THE SAME REGARDLESS OF WHETHER THE STUDENT IS ENROLLED IN A -- SB1-01

1 1 1 1 1 1 CHARTER SCHOOL OR ANOTHER SCHOOL OF THE SCHOOL DISTRICT. IF THE SCHOOL DISTRICT CHANGES THE DISTRIBUTION OF REVENUE FOR THESE PURPOSES AFTER THE EFFECTIVE DATE OF THIS SECTION, THE SCHOOL DISTRICT SHALL DISTRIBUTE THE REVENUE IN ACCORDANCE WITH SUBSECTION ()(a) OF THIS SECTION. THE SCHOOL DISTRICT SHALL DISTRIBUTE ANY AMOUNT OF ADDITIONAL MILL LEVY REVENUE THAT REMAINS AFTER DISTRIBUTION FOR THESE PURPOSES IN ACCORDANCE WITH SUBSECTION ()(a) OF THIS SECTION. (e) NOTWITHSTANDING ANY PROVISION OF SUBSECTION ()(a) OF THIS SECTION TO THE CONTRARY, IF A SCHOOL DISTRICT AUTHORIZES A CHARTER SCHOOL THAT IS PHYSICALLY LOCATED WITHIN THE GEOGRAPHIC BOUNDARIES OF ANOTHER SCHOOL DISTRICT, THE CHARTERING SCHOOL DISTRICT IS REQUIRED TO DISTRIBUTE TO THE CHARTER SCHOOL AN AMOUNT EQUAL TO THE PER PUPIL MILL LEVY SHARE MULTIPLIED ONLY BY THE NUMBER OF STUDENTS ENROLLED IN THE CHARTER SCHOOL WHO RESIDE WITHIN THE AUTHORIZING SCHOOL DISTRICT, WHICH AMOUNT MAY BE ADJUSTED AS PROVIDED IN SUBSECTIONS ()(b) TO ()(d) OF THIS SECTION, AS APPROPRIATE. THE AUTHORIZING SCHOOL DISTRICT MAY CHOOSE TO DISTRIBUTE A GREATER PORTION OF THE ADDITIONAL MILL LEVY REVENUE TO THE CHARTER SCHOOL. () THIS SECTION DOES NOT REQUIRE A SCHOOL DISTRICT TO RECALCULATE THE DISTRIBUTION OF, OR TO REDISTRIBUTE, ANY ADDITIONAL MILL LEVY REVENUE THAT THE SCHOOL DISTRICT COLLECTED BEFORE THE 1-1 BUDGET YEAR. SECTION. In Colorado Revised Statutes, add -0.-.1 as follows: -0.-.1. Institute charter schools - mill levy equalization -- SB1-01

1 1 1 1 1 1 payments - definitions - reporting. (1) AS USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE REQUIRES: (a) "ACCOUNTING DISTRICT" HAS THE SAME DEFINITION AS PROVIDED IN SECTION -0.- (1)(a). (b) "ADDITIONAL MILL LEVY" MEANS THE NUMBER OF MILLS THAT AN ACCOUNTING DISTRICT LEVIES THAT ARE IN ADDITION TO THE ACCOUNTING DISTRICT'S TOTAL PROGRAM MILL LEVY ESTABLISHED IN SECTION -- (), NOT INCLUDING MILLS AUTHORIZED PURSUANT TO SECTION -0-1 OR ARTICLE OR OF THIS TITLE, AND THAT ARE AUTHORIZED BY VOTERS BEFORE, ON, OR AFTER THE EFFECTIVE DATE OF THIS SECTION. () (a) BEGINNING WITH THE 1-1 BUDGET YEAR, THE DEPARTMENT SHALL TRANSFER TO THE INSTITUTE, AND THE INSTITUTE SHALL DISTRIBUTE TO EACH INSTITUTE CHARTER SCHOOL, THE AMOUNT OF THE MILL LEVY EQUALIZATION PAYMENT THAT THE DEPARTMENT CALCULATES FOR EACH INSTITUTE CHARTER SCHOOL PURSUANT TO THIS SECTION. (b) THE DEPARTMENT SHALL CALCULATE THE MILL LEVY EQUALIZATION PAYMENT FOR EACH INSTITUTE CHARTER SCHOOL BY DIVIDING THE AMOUNT OF ADDITIONAL LOCAL PROPERTY TAX REVENUES THAT THE ACCOUNTING DISTRICT FOR THE INSTITUTE CHARTER SCHOOL IS ENTITLED TO RECEIVE FROM THE ADDITIONAL MILL LEVY FOR THE APPLICABLE BUDGET YEAR, ASSUMING ONE HUNDRED PERCENT COLLECTION, BY THE ACCOUNTING DISTRICT'S FUNDED PUPIL COUNT FOR THE APPLICABLE BUDGET YEAR, AND MULTIPLYING THAT AMOUNT BY THE NUMBER OF PUPILS ENROLLED IN THE INSTITUTE CHARTER SCHOOL FOR THE APPLICABLE BUDGET YEAR. BEFORE CALCULATING AN INSTITUTE CHARTER -- SB1-01

1 1 1 1 1 1 SCHOOL'S MILL LEVY EQUALIZATION PAYMENT IN EACH BUDGET YEAR, THE DEPARTMENT SHALL SUBTRACT FROM THE ACCOUNTING DISTRICT'S ADDITIONAL LOCAL PROPERTY TAX REVENUES ANY AMOUNT OF REVENUES THAT ARE SPECIFICALLY AUTHORIZED BY VOTERS TO BE USED ONLY FOR A SPECIFIC PROGRAM THAT THE INSTITUTE CHARTER SCHOOL CLEARLY DOES NOT PROVIDE DURING THE APPLICABLE BUDGET YEAR OR FOR A GRADE LEVEL THAT THE INSTITUTE CHARTER SCHOOL DOES NOT SERVE DURING THE APPLICABLE BUDGET YEAR. (c) THE INSTITUTE SHALL DISTRIBUTE TO EACH INSTITUTE CHARTER SCHOOL ONE HUNDRED PERCENT OF THE AMOUNT OF THE MILL LEVY EQUALIZATION PAYMENT THAT THE DEPARTMENT CALCULATES AND TRANSFERS PURSUANT TO THIS SECTION FOR THE INSTITUTE CHARTER SCHOOL FOR THE APPLICABLE BUDGET YEAR. () EACH ACCOUNTING DISTRICT SHALL ANNUALLY REPORT TO THE DEPARTMENT: (a) THE TOTAL AMOUNT OF ADDITIONAL LOCAL PROPERTY TAX REVENUES IT IS ENTITLED TO RECEIVE FROM THE ADDITIONAL MILL LEVY FOR THE APPLICABLE BUDGET YEAR, ASSUMING ONE HUNDRED PERCENT COLLECTION; (b) ANY PORTION OF THE AMOUNT OF ADDITIONAL LOCAL PROPERTY TAX REVENUES THAT IS SPECIFICALLY AUTHORIZED BY VOTERS TO BE USED ONLY FOR A SPECIFIC PROGRAM OR GRADE LEVEL; AND (c) THE SPECIFIC PROGRAMS OR GRADE LEVELS FOR WHICH ALL OR A PORTION OF THE ADDITIONAL LOCAL PROPERTY TAX REVENUES ARE AUTHORIZED BY VOTERS TO BE USED. () IT IS THE GENERAL ASSEMBLY'S INTENT TO ANNUALLY APPROPRIATE TO THE DEPARTMENT THE AMOUNT REQUIRED TO FULLY -- SB1-01

1 1 1 1 1 1 FUND THE MILL LEVY EQUALIZATION PAYMENTS DESCRIBED IN THIS SECTION. IN A BUDGET YEAR IN WHICH THE GENERAL ASSEMBLY DOES NOT APPROPRIATE A SUFFICIENT AMOUNT TO FULLY FUND THE MILL LEVY EQUALIZATION PAYMENTS, THE DEPARTMENT SHALL REDUCE THE AMOUNT OF EACH INSTITUTE CHARTER SCHOOL'S MILL LEVY EQUALIZATION PAYMENT BY THE SAME PERCENTAGE THAT THE APPROPRIATION DEFICIT BEARS TO THE AMOUNT REQUIRED TO FULLY FUND THE MILL LEVY EQUALIZATION PAYMENTS. IN A BUDGET YEAR IN WHICH THE GENERAL ASSEMBLY DOES NOT APPROPRIATE ANY MONEY TO FUND THE MILL LEVY EQUALIZATION PAYMENTS, THE DEPARTMENT, THE INSTITUTE, AND THE ACCOUNTING DISTRICTS ARE NOT REQUIRED TO COMPLY WITH THE PROVISIONS OF THIS SECTION. SECTION. Act subject to petition - effective date. This act takes effect at :01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly (August, 1, if adjournment sine die is on May, 1); except that, if a referendum petition is filed pursuant to section 1 () of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 1 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor. -- SB1-01