00                            HOUSE BILL NO. 506                                                                          
01 "An Act relating to funding of public education; and providing for an effective date."                                  
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1.  AS 14.17.490(a) is amended to read:                                                                  
04            (a)  Except as provided in (b) and (c) [(b) - (e)] of this section, if, in fiscal year                   
05       1999, a city or borough school district or a regional educational attendance area would                           
06       receive less public school funding under AS 14.17.410 than the district or area would                             
07       have received as state aid, the district or area is, in each fiscal year, eligible to receive                     
08       additional public school funding equal to the difference between the public school                                
09       funding the district or area was eligible to receive under AS 14.17.410 in fiscal year                            
10       1999 and the state aid the district or area would have received in fiscal year 1999.                              
11    * Sec. 2.  AS 14.17.490(d) and 14.17.490(e) are repealed.                                                          
12    * Sec. 3.  This Act takes effect July 1, 2004.