HB 180: "An Act amending the percentages required to be paid by a municipal school district receiving a school construction or major maintenance grant; making a conforming amendment to a bond debt reimbursement provision referencing the percentages; and providing for an effective date."
00 HOUSE BILL NO. 180 01 "An Act amending the percentages required to be paid by a municipal school district 02 receiving a school construction or major maintenance grant; making a conforming 03 amendment to a bond debt reimbursement provision referencing the percentages; and 04 providing for an effective date." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. AS 14.11.008(b) is amended to read: 07 (b) The required participating share for a municipal school district is based on 08 the district's full value per average daily membership (ADM), which is calculated by 09 dividing the full and true value of the taxable real and personal property in the district, 10 calculated as described in AS 14.17.510 by the district ADM as defined in 11 AS 14.17.990, for the same fiscal year for which the valuation was made. The 12 municipal district's full value per ADM determines the district's required participating 13 share, as follows: 14 Full Value Per ADM District Participating Share
01 $1 - $150,000 5 percent 02 150,001 - 275,000 10 percent 03 275,001 - 500,000 [800,000] 20 [30] percent 04 500,001 - 800,000 30 percent 05 over 800,000 35 percent. 06 * Sec. 2. AS 14.11.100(a) is amended to read: 07 (a) During each fiscal year, the state shall allocate to a municipality that is a 08 school district the following sums: 09 (1) payments made by the municipality during the fiscal year two years 10 earlier for the retirement of principal and interest on outstanding bonds, notes, or other 11 indebtedness incurred before July 1, 1977, to pay costs of school construction; 12 (2) 90 percent of 13 (A) payments made by the municipality during the fiscal year 14 two years earlier for the retirement of principal and interest on outstanding 15 bonds, notes, or other indebtedness incurred after June 30, 1977, and before 16 July 1, 1978, to pay costs of school construction; 17 (B) cash payments made after June 30, 1976, and before July 1, 18 1978, by the municipality during the fiscal year two years earlier to pay costs 19 of school construction; 20 (3) 90 percent of 21 (A) payments made by the municipality during the fiscal year 22 two years earlier for the retirement of principal and interest on outstanding 23 bonds, notes, or other indebtedness incurred after June 30, 1978, and before 24 January 1, 1982, to pay costs of school construction projects approved under 25 AS 14.07.020(a)(11); 26 (B) cash payments made after June 30, 1978, and before July 1, 27 1982, by the municipality during the fiscal year two years earlier to pay costs 28 of school construction projects approved under AS 14.07.020(a)(11); 29 (4) subject to (h) and (i) of this section, up to 90 percent of 30 (A) payments made by the municipality during the current 31 fiscal year for the retirement of principal and interest on outstanding bonds,
01 notes, or other indebtedness incurred after December 31, 1981, and authorized 02 by the qualified voters of the municipality before July 1, 1983, to pay costs of 03 school construction, additions to schools, and major rehabilitation projects that 04 exceed $25,000 and are approved under AS 14.07.020(a)(11); 05 (B) cash payments made after June 30, 1982, and before July 1, 06 1983, by the municipality during the fiscal year two years earlier to pay costs 07 of school construction, additions to schools, and major rehabilitation projects 08 that exceed $25,000 and are approved under AS 14.07.020(a)(11); and 09 (C) payments made by the municipality during the current 10 fiscal year for the retirement of principal and interest on outstanding bonds, 11 notes, or other indebtedness to pay costs of school construction, additions to 12 schools, and major rehabilitation projects that exceed $25,000 and are 13 submitted to the department for approval under AS 14.07.020(a)(11) before 14 July 1, 1983, and approved by the qualified voters of the municipality before 15 October 15, 1983, not to exceed a total project cost of (i) $6,600,000 if the 16 annual growth rate of average daily membership of the municipality is more 17 than seven percent but less than 12 percent, or (ii) $20,000,000 if the annual 18 growth rate of average daily membership of the municipality is 12 percent or 19 more; payments made by a municipality under this subparagraph on total 20 project costs that exceed the amounts set out in (i) and (ii) of this subparagraph 21 are subject to (5)(A) of this subsection; 22 (5) subject to (h) - (j) of this section, 80 percent of 23 (A) payments made by the municipality during the fiscal year 24 for the retirement of principal and interest on outstanding bonds, notes, or 25 other indebtedness authorized by the qualified voters of the municipality 26 (i) after June 30, 1983, but before March 31, 1990, to 27 pay costs of school construction, additions to schools, and major 28 rehabilitation projects that exceed $25,000 and are approved under 29 AS 14.07.020(a)(11); or 30 (ii) before July 1, 1989, and reauthorized before 31 November 1, 1989, to pay costs of school construction, additions to
01 schools, and major rehabilitation projects that exceed $25,000 and are 02 approved under AS 14.07.020(a)(11); and 03 (B) cash payments made after June 30, 1983, by the 04 municipality during the fiscal year two years earlier to pay costs of school 05 construction, additions to schools, and major rehabilitation projects that exceed 06 $25,000 and are approved by the department before July 1, 1990, under 07 AS 14.07.020(a)(11); 08 (6) subject to (h) - (j) and (m) of this section, 70 percent of payments 09 made by the municipality during the fiscal year for the retirement of principal and 10 interest on outstanding bonds, notes, or other indebtedness authorized by the qualified 11 voters of the municipality on or after April 30, 1993, but before July 1, 1996, to pay 12 costs of school construction, additions to schools, and major rehabilitation projects 13 that exceed $200,000 and are approved under AS 14.07.020(a)(11); 14 (7) subject to (h) - (j) and (m) of this section, 70 percent of payments 15 made by the municipality during the fiscal year for the retirement of principal and 16 interest on outstanding bonds, notes, or other indebtedness authorized by the qualified 17 voters of the municipality after March 31, 1990, but before April 30, 1993, to pay 18 costs of school construction, additions to schools, and major rehabilitation projects; 19 (8) subject to (h), (i), (j)(2) - (5), and (n) of this section and after 20 projects funded by the bonds, notes, or other indebtedness have been approved by the 21 commissioner, 70 percent of payments made by the municipality during the fiscal year 22 for the retirement of principal and interest on outstanding bonds, notes, or other 23 indebtedness authorized by the qualified voters of the municipality on or after July 1, 24 1995, but before July 1, 1998, to pay costs of school construction, additions to 25 schools, and major rehabilitation projects that exceed $200,000 and are approved 26 under AS 14.07.020(a)(11); 27 (9) subject to (h), (i), (j)(2) - (5), and (n) of this section and after 28 projects funded by the bonds, notes, or other indebtedness have been approved by the 29 commissioner, 70 percent of payments made by the municipality during the fiscal year 30 for the retirement of principal and interest on outstanding bonds, notes, or other 31 indebtedness authorized by the qualified voters of the municipality on or after July 1,
01 1998, but before July 1, 2006, to pay costs of school construction, additions to 02 schools, and major rehabilitation projects that exceed $200,000 and are approved 03 under AS 14.07.020(a)(11); 04 (10) subject to (h), (i), (j)(2) - (5), and (o) of this section, and after 05 projects funded by the bonds, notes, or other indebtedness have been approved by the 06 commissioner, 70 percent of payments made by the municipality during the fiscal year 07 for the retirement of principal and interest on outstanding bonds, notes, or other 08 indebtedness authorized by the qualified voters of the municipality on or after June 30, 09 1998, to pay costs of school construction, additions to schools, and major 10 rehabilitation projects that exceed $200,000, are approved under AS 14.07.020(a)(11), 11 and are not reimbursed under (n) of this section; 12 (11) subject to (h), (i), and (j)(2) - (5) of this section, and after projects 13 funded by the bonds, notes, or other indebtedness have been approved by the 14 commissioner, 70 percent of payments made by a municipality during the fiscal year 15 for the retirement of principal and interest on outstanding bonds, notes, or other 16 indebtedness authorized by the qualified voters of the municipality on or after June 30, 17 1999, but before January 1, 2005, to pay costs of school construction, additions to 18 schools, and major rehabilitation projects and education-related facilities that exceed 19 $200,000, are approved under AS 14.07.020(a)(11), and are not reimbursed under (n) 20 or (o) of this section; 21 (12) subject to (h), (i), and (j)(2), (3), and (5) of this section, 60 percent 22 of payments made by a municipality during the fiscal year for the retirement of 23 principal and interest on outstanding bonds, notes, or other indebtedness authorized by 24 the qualified voters of the municipality on or after June 30, 1999, but before January 1, 25 2005, to pay costs of school construction, additions to schools, and major 26 rehabilitation projects and education-related facilities that exceed $200,000, are 27 reviewed under AS 14.07.020(a)(11), and are not reimbursed under (n) or (o) of this 28 section; 29 (13) subject to (h), (i), (j)(2) - (5), and (p) of this section, and after 30 projects funded by the tax exempt bonds, notes, or other indebtedness have been 31 approved by the commissioner, 70 percent of payments made by a municipality during
01 the fiscal year for the retirement of principal and interest on outstanding tax exempt 02 bonds, notes, or other indebtedness authorized by the qualified voters of the 03 municipality on or after June 30, 1999, but before October 31, 2006, to pay costs of 04 school construction, additions to schools, and major rehabilitation projects and 05 education-related facilities that exceed $200,000, are approved under 06 AS 14.07.020(a)(11), and are not reimbursed under (n) or (o) of this section; 07 (14) subject to (h), (i), (j)(2), (3), and (5), and (p) of this section, 60 08 percent of payments made by a municipality during the fiscal year for the retirement 09 of principal and interest on outstanding tax exempt bonds, notes, or other indebtedness 10 authorized by the qualified voters of the municipality on or after June 30, 1999, but 11 before October 31, 2006, to pay costs of school construction, additions to schools, and 12 major rehabilitation projects and education-related facilities that exceed $200,000, are 13 reviewed under AS 14.07.020(a)(11), and are not reimbursed under (n) or (o) of this 14 section; 15 (15) subject to (h), (i), (j)(2) - (5), and (q) of this section, and after 16 projects funded by the bonds, notes, or other indebtedness have been approved by the 17 commissioner, 90 percent of payments made by a municipality during the fiscal year 18 for the retirement of principal and interest on outstanding bonds, notes, or other 19 indebtedness authorized by the qualified voters of the municipality on or after June 30, 20 1999, but before October 31, 2006, to pay costs of school construction, additions to 21 schools, and major rehabilitation projects and education-related facilities that exceed 22 $200,000, are approved under AS 14.07.020(a)(11), meet the 10 percent participating 23 share requirement for a municipal school district under the former participating 24 share amounts required under AS 14.11.008(b), and are not reimbursed under (n) or 25 (o) of this section; 26 (16) subject to (h), (i), and (j)(2) - (5) of this section, and after projects 27 funded by the tax exempt bonds, notes, or other indebtedness have been approved by 28 the commissioner, 70 percent of payments made by a municipality during the fiscal 29 year for the retirement of principal and interest on outstanding tax exempt bonds, 30 notes, or other indebtedness authorized by the qualified voters of the municipality on 31 or after October 1, 2006, but before November 30, 2010, to pay costs of school
01 construction, additions to schools, and major rehabilitation projects and education- 02 related facilities that exceed $200,000, are approved under AS 14.07.020(a)(11), and 03 are not reimbursed under (o) of this section; 04 (17) subject to (h), (i), and (j)(2), (3), and (5) of this section, 60 percent 05 of payments made by a municipality during the fiscal year for the retirement of 06 principal and interest on outstanding tax exempt bonds, notes, or other indebtedness 07 authorized by the qualified voters of the municipality on or after October 1, 2006, but 08 before November 30, 2010, to pay costs of school construction, additions to schools, 09 and major rehabilitation projects and education-related facilities that exceed $200,000, 10 are reviewed under AS 14.07.020(a)(11), and are not reimbursed under (o) of this 11 section. 12 * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to 13 read: 14 RETROACTIVITY. AS 14.11.008(b), as amended by sec. 1 of this Act, applies 15 retroactively to an appropriation made under AS 37.05.560 or a grant approved under 16 AS 14.11.008(a) on or after April 1, 2008. 17 * Sec. 4. Section 3 of this Act takes effect immediately under AS 01.10.070(c).