2017 -- S 0119 | |
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LC000648 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2017 | |
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A N A C T | |
RELATING TO EDUCATION -- FOUNDATION LEVEL SCHOOL SUPPORT | |
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Introduced By: Senators DiPalma, Seveney, and Felag | |
Date Introduced: February 01, 2017 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 16-7-39 of the General Laws in Chapter 16-7 entitled "Foundation |
2 | Level School Support [See Title 16 Chapter 97 - The Rhode Island Board Of Education Act]" is |
3 | hereby amended to read as follows: |
4 | 16-7-39. Computation of school housing aid ratio. |
5 | For each community, the percent of state aid for school housing costs shall be computed |
6 | in the following manner: |
7 | (1) The adjusted equalized weighted assessed valuation for the district is divided by the |
8 | resident average daily membership for the district (grades twelve (12) and below); (2) the |
9 | adjusted equalized weighted assessed valuation for the state is divided by the resident average |
10 | daily membership for the state (grades twelve (12) and below); (1) is then divided by (2) and the |
11 | resultant ratio is multiplied by a factor currently set at sixty-two percent (62%) which represents |
12 | the approximate average district share of school support; the resulting product is then subtracted |
13 | from one hundred percent (100%) to yield the housing aid share ratio, provided that in no case |
14 | shall the ratio be less than thirty percent (30%). Provided, that effective July 1, 2010, and |
15 | annually at the start of each fiscal year thereafter, the thirty percent (30%) floor on said housing |
16 | aid share shall be increased by five percent (5%) increments each year until said floor on the |
17 | housing aid share ratio reaches a minimum of not less than forty percent (40%). This provision |
18 | shall apply only to school housing projects completed after June 30, 2010 that received approval |
19 | from the board of regents prior to June 30, 2012. Provided further, for the fiscal year beginning |
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1 | July 1, 2012 and for subsequent fiscal years, the minimum housing aid share shall be thirty-five |
2 | percent (35%) for all projects receiving board of regents approval after June 30, 2012, except that |
3 | the town of Tiverton shall prospectively be reimbursed at the forty percent (40%) floor of the |
4 | housing aid share ratio on projects completed before June 30, 2010. The resident average daily |
5 | membership shall be determined in accordance with ยง 16-7-22(1). |
6 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO EDUCATION -- FOUNDATION LEVEL SCHOOL SUPPORT | |
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1 | This act would permit the town of Tiverton to be prospectively reimbursed at the forty |
2 | percent (40%) floor of the housing aid share ratio on projects completed before June 30, 2010. |
3 | This act would take effect upon passage. |
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