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(a) A district's supplementary public school funding floor, as initially calculated under AS 14.17.490 (a) and 4 AAC 09.011, is required to be reduced under AS 14.17.490 (d) and (e), if there is an increase in the district's public school funding or a decrease in the district's ADM for a school year. Each reduction in a district's supplementary public school funding floor is a permanent reduction, and any additional reductions required under AS 14.17.490 (d) and (e) will be applied to the supplementary public school funding floor as modified by prior reductions.
(b) In years following the initial reduction of a district's supplementary public school funding floor under AS 14.17.490 (e), the department will compare the district's ADM for a school year to its ADM for the preceding school year. If the district's ADM decreased from that for the preceding school year, the department will reduce the district's supplementary public school funding floor by a percentage equal to the percentage of that decrease.
History: Eff. 9/30/99, Register 151
Authority: AS 14.07.060
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Last modified 7/05/2006