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(a) The transition limitation under sec. 46, ch. 83, SLA 1998 for a district's fiscal year 1999 state funding under AS 14.17 is calculated as follows:
(1) "public school funding" is the funding amount for a district for fiscal year 1999 as calculated under AS 14.17.410 (b)(1);
(2) "state aid" is equal to
(A) the amount of state foundation aid for a district for fiscal year 1999 as calculated under former AS 14.17.021 , 14.17.022, 14.17.024, and 14.17.026, as those provisions read on January 1, 1998, applied to the district's reported student count for the 1998 - 1999 school year as calculated under former AS 14.17.160 and 4 AAC 09.015 as those provisions read on January 1, 1998; plus
(B) additional district support appropriated by the legislature for fiscal year 1998.
(b) If the amount calculated for a district under (a)(1) of this section is greater than the amount calculated for that district under (a)(2) of this section, the increase in state funding to the district for fiscal year 1999 is limited to 60 percent of the difference between those amounts.
History: Eff. 7/22/99, Register 151
Authority: AS 14.07.060
Sec. 46, ch. 83,
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Last modified 7/05/2006