00                       CS FOR SENATE BILL NO. 202(FIN)                                                                   
01 "An Act relating to school transportation; relating to the base student allocation used in                              
02 the formula for state funding of public education; and providing for an effective date."                                
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.09.010 is repealed and reenacted to read:                                                      
05            Sec. 14.09.010. Transportation of pupils.  (a)  A school district that provides                            
06       student transportation services is eligible to receive funding for operating the student                          
07       transportation system.  Subject to appropriation, the amount of funding provided by                               
08       the state under this section is the lesser of the amount determined by multiplying the                            
09       amount of the school district's ADM less the ADM for the district's correspondence                                
10       programs during the current fiscal year                                                                           
11                 (1)  by a per student allocation computed by dividing the amount                                        
12       received by the school district under this section during fiscal year 2003 by the school                          
13       district's ADM less the ADM for the district's correspondence programs during fiscal                              
14       year 2003; or                                                                                                     
01                 (2)  by $1,200 per student.                                                                             
02            (b)  In this section,                                                                                        
03                 (1)  "ADM" has the meaning given in AS 14.17.990;                                                       
04                 (2)  "district's ADM" means the sum of the ADMs in the district.                                        
05    * Sec. 2.  AS 14.17.470 is amended to read:                                                                        
06            Sec. 14.17.470.  Base student allocation.  The base student allocation is                                  
07       $4,169 [$4,010].                                                                                              
08    * Sec. 3.  The uncodified law of the State of Alaska is amended by adding a new section to                         
09 read:                                                                                                                   
10       TRANSITION PROVISION FOR TRANSPORTATION FUNDING.  In addition to                                                  
11 funding provided for public transportation under AS 14.09.010, a school district that provides                          
12 student transportation is, beginning July 1, 2004, and ending June 30, 2006, eligible to receive                        
13 additional funding for operating the student transportation system in an amount equal to                                
14 funding provided to the school district under AS 14.09.010 multiplied by a percentage equal                             
15 to 50 percent of any percentage increase during the second preceding calendar year in the                               
16 consumer price index for all urban consumers for the Anchorage metropolitan area, compiled                              
17 by the Bureau of Labor Statistics, United States Department of Labor.  The index for                                    
18 January 2002 is the reference base index.                                                                               
19    * Sec. 4.  This Act takes effect July 1, 2003.