2D CSSSSB 301(FIN): "An Act allowing a school district to offset a reduction of five percent or more in elementary and secondary school instructional units that the district is eligible to receive under the foundation formula; and providing for an effective date."
002d CS FOR SPONSOR SUBSTITUTE FOR SENATE BILL NO. 301(FIN) 01 "An Act allowing a school district to offset a reduction of five percent or more 02 in elementary and secondary school instructional units that the district is eligible 03 to receive under the foundation formula; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 14.17.031(b) is amended to read: 06 (b) If the total elementary and secondary instructional units that a school 07 district is eligible to receive under (a) of this section decrease by at least five but less 08 than 25 [10] percent [OR MORE] from one fiscal year to the next, the school district 09 may use the last fiscal year before the reduction as a base fiscal year and offset its 10 reduction according to the following schedule: (1) for the first fiscal year after the base 11 fiscal year, the school district is eligible to receive the total elementary and secondary 12 instructional units determined under (a)(1) of this section plus 75 percent of the 13 difference in total elementary and secondary instructional units between the base fiscal 14 year and the first fiscal year after the base fiscal year; (2) for the second fiscal year
01 after the base fiscal year, the school district is eligible to receive the total elementary 02 and secondary instructional units determined under (a)(1) of this section plus 50 03 percent of the difference in total elementary and secondary instructional units between 04 the base fiscal year and the second fiscal year after the base fiscal year; (3) for the 05 third fiscal year after the base fiscal year, the school district is eligible to receive the 06 total elementary and secondary instructional units determined under (a)(1) of this 07 section plus 25 percent of the difference in total elementary and secondary instructional 08 units between the base fiscal year and the third fiscal year after the base fiscal year. 09 The schedule established in this subsection is available to a school district for the three 10 fiscal years following the base fiscal year only if the total elementary and secondary 11 instructional units received by the school district under (a)(1) of this section for each 12 fiscal year are less than the total elementary and secondary instructional units received 13 by the school district in the base fiscal year. This subsection does not apply to a 14 decrease in total elementary and secondary instructional units resulting from a loss of 15 enrollment that occurs as a result of a boundary change under AS 29. 16 * Sec. 2. AS 14.17.031 is amended by adding new subsections to read: 17 (c) If the total elementary and secondary instructional units that a school 18 district is eligible to receive under (a) of this section decrease by at least 25 percent 19 but less than 50 percent from one fiscal year to the next, the school district may use 20 the last fiscal year before the reduction as a base fiscal year and offset its reduction 21 according to the following schedule: (1) for the first fiscal year after the base fiscal 22 year, the school district is eligible to receive the total elementary and secondary 23 instructional units determined under (a)(1) of this section plus 67 percent of the 24 difference in total elementary and secondary instructional units between the base fiscal 25 year and the first fiscal year after the base fiscal year; (2) for the second fiscal year 26 after the base fiscal year, the school district is eligible to receive the total elementary 27 and secondary instructional units determined under (a)(1) of this section plus 33 28 percent of the difference in total elementary and secondary instructional units between 29 the base fiscal year and the second fiscal year after the base fiscal year. The schedule 30 established in this subsection is available to a school district for the two fiscal years 31 following the base fiscal year only if the total elementary and secondary instructional
01 units received by the school district under (a)(1) of this section for each fiscal year are 02 less than the total elementary and secondary instructional units received by the school 03 district in the base fiscal year. This subsection does not apply to a decrease in total 04 elementary and secondary instructional units resulting from a loss of enrollment that 05 occurs as a result of a boundary change under AS 29. 06 (d) If the total elementary and secondary instructional units that a school 07 district is eligible to receive under (a) of this section decrease by 50 percent or more 08 from one fiscal year to the next, the school district may use the last fiscal year before 09 the reduction as a base fiscal year and offset its reduction. For the first fiscal year 10 after the base fiscal year, the school district is eligible to receive the total elementary 11 and secondary instructional units determined under (a)(1) of this section plus 50 12 percent of the difference in total elementary and secondary instructional units between 13 the base fiscal year and the first fiscal year after the base fiscal year. The schedule 14 established in this subsection is available to a school district for one fiscal year 15 following the base fiscal year. This subsection does not apply to a decrease in total 16 elementary and secondary instructional units resulting from a loss of enrollment that 17 occurs as a result of a boundary change under AS 29. 18 * Sec. 3. This Act takes effect July 1, 1994.