Section 25-2502.30 - Temporary special aid to school districtsSection expires June 30, 2005, pursuant to subsec. (c).
(a) Temporary special aid shall be paid in fiscal years 1994-1995, 1995-1996, 1996-1997, 1997-1998, 1998-1999, 1999-2000, 2001-2002, 2002-2003 and 2003-2004 to school districts experiencing a severe reduction in local revenue due to a decline in the assessed value of taxable properties. The allocation to these districts shall be determined by multiplying the reduction in assessed value between 1985-1986 and 1992-1993 by the 1992-1993 real estate millage rate. This aid shall be paid from undistributed funds not expended, encumbered or committed from appropriations for grants and subsidies made to the Department of Education. No other funds shall be used for assistance under this section. These funds shall be sufficient to provide temporary relief to seven school districts in fiscal year 1995-1996 at seventy-five per centum (75%) of the funds received in fiscal year 1994- 1995, in fiscal year 1996-1997 at fifty per centum (50%) of the funds received in fiscal year 1994-1995, in fiscal year 1997-1998, 1998-1999 and in fiscal year 1999-2000 at twenty-five per centum (25%) of the funds received in fiscal year 1994-1995. For fiscal years 2001-2002, 2002-2003 and 2003-2004 to the extent funds are available as determined by the Secretary of the Budget, qualifying school districts shall receive twenty-five per centum (25%) of the funds received in fiscal year 1994-1995.(a.1)(1) Temporary special aid shall be paid in fiscal year 2004-2005 out of the appropriation for basic education funding to school districts to certain school districts that have experienced severe increases in average daily membership and in market value/income aid ratio. To qualify for temporary special aid under this subsection, the school district's 2004-2005 market value/income aid ratio must be greater than five thousand two hundred ten thousandths (0.5200), the increase from the school district's 1991-1992 average daily membership to its 2003-2004 average daily membership must be equal to or greater than eighteen per centum (18%) and the increase from the school district's 1991-1992 market value/income aid ratio to its 2003-2004 market value/income aid ratio must be equal to or greater than fifteen per centum (15%).(2) The allocation to a qualifying school district under this subsection shall be determined by: (i) Subtracting the school district's 1991-1992 average daily membership from its 2003-2004 average daily membership.(ii) Multiplying the difference from subparagraph (i) by eight million five hundred thousand dollars ($8,500,000).(iii) Dividing the product from subparagraph (ii) by the sum of the differences from subparagraph (i).(a.2)(1) Temporary special aid shall be paid in fiscal year 2004-2005 out of the appropriation for basic education funding to school districts to certain school districts that have extremely high local tax effort. To qualify for temporary special aid under this subsection, the school district's 2002 equalized millage rate must be equal to or greater than thirty-three (33) equalized mills and its 2004-2005 market value/income aid ratio must be equal to or greater than six thousand four hundred ten thousandths (0.6400).(2) The allocation to a qualifying school district under this subsection shall be determined by:(i) Multiplying the school district's 2003-2004 average daily membership by seven hundred fifty thousand dollars ($750,000).(ii) Dividing the product from subparagraph (i) by the 2003-2004 average daily membership for all qualifying school districts.(b) Payments made pursuant to subsection (a) shall be paid from a restricted receipt account, which is hereby established, for such payments. Funds shall be transferred by the Secretary of the Budget to the restricted account only to the extent necessary to make the payments authorized by this section. The money in the restricted account is hereby appropriated from the account for purposes of this section.(c) This section shall expire June 30, 2005.1949, March 10, P.L. 30, No. 14, art. XXV, § 2502.30, added 1995, June 30, P.L. 220, No. 26, § 10, imd. effective. Amended 1996, July 11, P.L. 633, No. 107, § 8, imd. effective; 1998 , April 27, P.L. 270, No. 46, § 17, effective 7/1/1998; 1999, June 26, P.L. 394, No. 36, § 10, effective 7/1/1999. Reenacted and amended 2001, June 22, P.L. 530, No. 35, § 27, effective 7/1/2001. Amended 2002, June 29, P.L. 524, No. 88, § 22, effective 7/1/2002; 2003, Dec. 23, P.L. 304, No. 48, § 30, imd. effective. Reenacted and amended 2004, July 4, P.L. 536, No. 70, § 26, retroactive effective 9/30/2003. Reenacted 2004, July 15, P.L. 722, No. 82, § 4, retroactive effective 6/30/2003. Reenacted 2005 , July 13, P.L. 226, No. 46, § 21, retroactive effective 7/1/2004.