SB 475 Alters the foundation formula by adding a condition to the hold-harmless calculation
Sponsor: Kennedy
LR Number: 1847S.01I Fiscal Note:
Committee: Education
Last Action: 3/2/2005 - Second Read and Referred S Education Committee Journal Page: S338
Title: Calendar Position:
Effective Date: August 28, 2005

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Current Bill Summary

SB 475 - This act adds a condition to the hold-harmless calculation permitting districts that receive students in the voluntary transfer program to have an amount per eligible pupil that is no less than their 1992-1993 per pupil amount plus the amount of line 14 aid per pupil for the current year. A scheduled reduction of line 14 funds for districts that fall below a specified level of performance on the statewide assessments in math and reading is repealed.

This act is identical to HB 128 (2005).