00                             SENATE BILL NO. 113                                                                        
01 "An Act relating to the delay of the reduction of supplementary public school funding;                                  
02 and providing for an effective date."                                                                                   
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.17.490(d) is amended to read:                                                                  
05            (d)  Beginning in fiscal year 2004 [2000], if a district receives more public                            
06       school funding under AS 14.17.410 than the district received in the preceding fiscal                              
07       year, any amount received by the district under this section shall be reduced.  The                               
08       amount of the reduction required under this subsection is equal to the amount of                                  
09       increase from the preceding fiscal year in public school funding multiplied by 40                                 
10       percent.  In this subsection, "public school funding" does not include funding under                              
11       this section.                                                                                                     
12    * Sec. 2.  The uncodified law of the State of Alaska is amended by adding a new section to                         
13 read:                                                                                                                   
14       APPLICABILITY.  This Act does not affect any reductions under AS 14.17.490(d) for                                 

01 fiscal years 2000 and 2001.                                                                                             
02    * Sec. 3.  The uncodified law of the State of Alaska is amended by adding a new section to                         
03 read:                                                                                                                   
04       TRANSITION:  REGULATIONS.  Notwithstanding sec. 5 of this Act, the state Board                                    
05 of Education and Early Development may immediately proceed to adopt regulations                                         
06 necessary to implement the changes made by this Act.  The regulations take effect under                                 
07 AS 44.62 (Administrative Procedure Act), but not before the effective date of the statutory                             
08 change.                                                                                                                 
09    * Sec. 4.  Section 3 of this Act takes effect immediately under AS 01.10.070(c).                                   
10    * Sec. 5.  Sections 1 and 2 of this Act take effect July 1, 2001.