UNAPPROVED DRAFT BILL -- Subject to Change Without Notice!
BILL NO.
INTRODUCED BY
(Primary Sponsor)BY REQUEST OF THE OFFICE OF PUBLIC INSTRUCTION
A BILL FOR AN ACT ENTITLED: "AN ACT INCREASING THE SCHOOL FACILITY ENTITLEMENTS TO ACCOUNT FOR INFLATION; AMENDING SECTION 20-9-370, MCA; AND PROVIDING AN EFFECTIVE DATE."
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 20-9-370, MCA, is amended to read:
"20-9-370. Definitions. As used in this title, unless the context clearly indicates otherwise, the following definitions apply:
(1) "School facility entitlement" means:
(a) $220 $285 per ANB for an elementary school district;
(b) $330 $430 per ANB for a high school district; or
(c) $270 $350 per ANB for an approved and accredited junior high school or middle school.
(2) "State advance for school facilities" is the amount of state equalization aid distributed to an eligible district to pay the debt service obligation for a bond in the first school fiscal year in which a debt service payment is due for the bond.
(3) "State reimbursement for school facilities" means the amount of state equalization aid distributed to a district that:
(a) has a district mill value per elementary ANB that is less than the corresponding statewide mill value per elementary ANB or a district mill value per high school ANB that is less than the corresponding statewide mill value per high school ANB; and
(b) has a debt service obligation in the ensuing school year on bonds for which the original issue was sold after July 1, 1991.
(4) "Total school facility entitlement" means the school facility entitlement times the total ANB for the district."
NEW SECTION. Section 2. Effective date. [This act] is effective July 1, 2001.
- END -
Latest Version of LC 133 (LC0133.01)
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