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91_HB1134sam001
LRB9101564NTsbam04
1 AMENDMENT TO HOUSE BILL 1134
2 AMENDMENT NO. . Amend House Bill 1134 as follows:
3 on page 7, immediately below line 6, by inserting the
4 following:
5 "(5) The amount of general State aid allocated to a
6 school district for the 1999-2000 school year meeting the
7 requirements set forth in paragraph (4) of subsection (G)
8 shall be increased by an amount equal to the general State
9 aid that would have been received by the district for the
10 1998-1999 school year by utilizing the Extension Limitation
11 Equalized Assessed Valuation as calculated in paragraph (4)
12 of subsection (G) less the general State aid allotted for the
13 1998-1999 school year. This amount shall be deemed a one
14 time increase, and shall not affect any future general State
15 aid allocations."; and
16 on page 12, by replacing lines 21 and 22 with the following:
17 "Operating Tax Rate as defined in subsection (A)."; and
18 on page 13, immediately below line 21, by inserting the
19 following:
20 "(4) For the purposes of calculating general State aid
21 for the 1999-2000 school year only, if a school district
22 experienced a triennial reassessment on the equalized
23 assessed valuation used in calculating its general State
-2- LRB9101564NTsbam04
1 financial aid apportionment for the 1998-1999 school year,
2 the State Board of Education shall calculate the Extension
3 Limitation Equalized Assessed Valuation that would have been
4 used to calculate the district's 1998-1999 general State aid.
5 This amount shall equal the product of the equalized assessed
6 valuation used to calculate general State aid for the
7 1997-1998 school year and the district's Extension Limitation
8 Ratio. If the Extension Limitation Equalized Assessed
9 Valuation of the school district as calculated under this
10 paragraph (4) is less than the district's equalized assessed
11 valuation utilized in calculating the district's 1998-1999
12 general State aid allocation, then for purposes of
13 calculating the district's general State aid pursuant to
14 paragraph (5) of subsection (E), that Extension Limitation
15 Equalized Assessed Valuation shall be utilized to calculate
16 the district's Available Local Resources.".