00SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 27                                                                                
01 "An Act relating to state aid for education; and providing for an effective date."                                      
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1.  AS 14.17.025(a) is amended to read:                                                                    
04  (a)  Local contributions to a city or borough school district shall include at least                                  
05 the lesser of                                                                                                           
06   (1)  the equivalent of a four mill tax levy on the full and true value of                                            
07 the taxable real and personal property in the district as of January 1, 1992, or as of                                
08 January 1 of the second preceding fiscal year, whichever tax is lower, as determined                                  
09 by the Department of Community and Regional Affairs under AS 14.17.140 and                                              
10 AS 29.45.110; or                                                                                                        
11   (2)  35 percent of the district's basic need for the preceding fiscal year,                                          
12 as determined under AS 14.17.021(b).                                                                                    
13    * Sec. 2.  AS 14.17.041(b) is amended to read:                                                                       
14  (b)  For funding communities that are not included under (a) of this section,                                         

01   (1)  instructional units for elementary students are determined by the                                               
02 formula: units = 15 + ((ADM-200)/16) [15 + ((ADM-200)/17)], where ADM is the                                          
03 number of students in average daily membership in grades kindergarten through 6;                                        
04   (2)  instructional units for secondary students are determined by the                                                
05 formula: units = 19 + ((ADM-200)/13) [18 + ((ADM-200)/13)], where ADM is the                                          
06 number of students in average daily membership in grades 7 through 12.                                                  
07    * Sec. 3.  AS 14.17.056 is amended to read:                                                                          
08  Sec. 14.17.056.  INSTRUCTIONAL UNIT VALUE.  The instructional unit                                                    
09 value is $61,500 [$61,000].                                                                                           
10    * Sec. 4.  This Act takes effect July 1, 1993.