00CS FOR SENATE BILL NO. 1011(JUD)                                                                                        
01 "An Act relating to state foundation aid and supplementary state aid for                                                
02 education; and providing for an effective date."                                                                        
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.17.021 is repealed and reenacted to read:                                                        
05  Sec. 14.17.021.  STATE FOUNDATION AID.  (a)  Beginning July 1, 1995,                                                  
06 the amount of state foundation aid for which a city or borough school district may                                      
07 qualify in a fiscal year is calculated by subtracting from the basic need defined in (c)                                
08 of this section the required local contributions under AS 14.17.025(a) and 90 percent                                   
09 of eligible federal impact aid for that fiscal year.                                                                    
10  (b)  Beginning July 1, 1995, the amount of state foundation aid for which a                                           
11 regional educational attendance area may qualify in a fiscal year is calculated by                                      
12 subtracting from the basic need defined in (c) of this section 96 percent of eligible                                   
13 federal impact aid for that fiscal year.                                                                                
14  (c)  The basic need of a school district is determined by multiplying the area                                        

01 cost differential of the district under AS 14.17.051 by the number of instructional units                               
02 in the district under AS 14.17.031 and then multiplying that product by the                                             
03 instructional unit value in AS 14.17.056.                                                                               
04  (d)  The department may make adjustments to a district's state foundation aid                                         
05 for a fiscal year to correct underpayments made in previous fiscal years.                                               
06    * Sec. 2.  AS 14.17 is amended by adding a new section to read:                                                      
07  Sec. 14.17.026.  SUPPLEMENTARY STATE AID FOR REGIONAL                                                                 
08 EDUCATIONAL ATTENDANCE AREAS.  Beginning July 1, 1995, in addition to the                                               
09 state foundation aid for which a regional educational attendance area may qualify                                       
10 under AS 14.17.021(b), a regional educational attendance area may qualify for                                           
11 supplementary state aid.  The amount of supplementary state aid for which a regional                                    
12 educational attendance area may qualify in a fiscal year is calculated by multiplying                                   
13 the area cost differential of the regional educational attendance area under                                            
14 AS 14.17.051 by the number of instructional units in the regional educational                                           
15 attendance area determined under AS 14.17.031 and then multiplying that product by                                      
16 a unit allotment of $500.                                                                                               
17    * Sec. 3.  TRANSITION.  Notwithstanding the provisions of this Act, if, for fiscal year                              
18 1996, a city or borough school district or a regional educational attendance area would receive                         
19 less foundation aid under this Act than the city or borough school district or regional                                 
20 educational attendance area would have received under AS 14.17 without enactment of this                                
21 Act, the school district or attendance area is eligible to receive foundation aid for fiscal year                       
22 1996 equal to the amount that would have been received under AS 14.17 without the                                       
23 enactment of this Act.                                                                                                  
24    * Sec. 4.  This Act is retroactive to July 1, 1995.                                                                  
25    * Sec. 5.  This Act takes effect immediately under AS 01.10.070(c).