TITLE 16
Education
CHAPTER 16-7.2
The Education Equity and Property Tax Relief Act
SECTION 16-7.2-7
§ 16-7.2-7 Transition plan.
(a) The general assembly shall annually determine the appropriation of
education aid pursuant to this chapter using a transition plan to begin in
fiscal year 2012, not to exceed seven (7) years for LEA's for whom the
calculated education aid pursuant to § 16-7.2-3 is more than the education
aid the LEA is receiving as of the effective date of the formula, and ten (10)
years for LEA's for whom the calculated education aid pursuant to §
16-7.2-3 is less than the education aid the LEA is receiving as of the
effective date of the formula.
(b) The local share of funding pursuant to § 16-7.2-5
shall be transitioned proportionately over a period not to exceed five (5)
years. The transition shall provide a combination of direct aid to districts,
funds for the categorical programs, and district savings through state-assumed
costs, as determined by the general assembly on an annual basis. Updates to any
components of the permanent foundation education aid formula, such as student
data, property values, and/or median family income, that result in an increase
or decrease in state education aid that impacts the total state and local
contribution by more than three percent (3%) shall be transitioned over a
period of time not to exceed three (3) years.
(c) For districts that are converting from a half-day to a
full-day kindergarten program for the 2014-2015 school year and after, as
defined by § 16-99-4, the increase in aid provided pursuant to the formula
for the increased reference average daily membership due to the conversion of
the kindergarten students from 0.5 full-time equivalent to 1.0 full-time
equivalent is not subject to the transition plan in subsection (a); instead,
the increased kindergarten full-time equivalents will be funded at the fully
transitioned value of the formula beginning in FY 2017.
History of Section.
(P.L. 2010, ch. 124, § 4; P.L. 2010, ch. 125, § 4; P.L. 2013, ch.
501, § 23; P.L. 2014, ch. 431, § 2; P.L. 2014, ch. 456, §
2.)
