|SB 1136||Alters definitions concerning the state school funding formula|
|LR Number:||4593S.01I||Fiscal Note:||4593-01|
|Last Action:||02/27/02 - Voted Do Pass S Education Committee||Journal page:|
|Effective Date:||August 28, 2002|
SB 1136 - This act pertains to definitions affecting the state school funding formula. This act adds a definition of "district equalized assessed valuation" which averages a district's assessed valuation from the first and second preceding years. The act also modifies the definition of "guaranteed tax base" to include the average of the third and fourth preceding years, instead of basing the amount on only the third preceding year.
This act contains an emergency clause.
Provisions similar to those contained in this act have been
incorporated into the truly agreed to CCS/HCS/HB 1711 (2002).