Amend the bill, as and if amended, page 24, Section 59-40-140 of the 1976 Code, as contained in SECTION 11, by adding after line 4 a new subsection to read:
/ (L) Notwithstanding the above provisions of this section, for purposes of computing the funding for any year to be provided a converted charter school under the provisions of this section, the computations required shall be made as provided in this section based on the previous year's revenues, expenditures, and other applicable factors pertaining to that particular converted charter school, and also then shall be made as provided in this section for the year immediately preceding the previous year based on the revenues, expenditures, and other applicable factors for that year pertaining to that particular converted charter school. The funding of the converted charter school for the initial year shall be the average of the funding computed for these two prior years, and funding for the converted charter school after the initial year shall be provided by the school district in the same manner as regular public schools in the district. /
Renumber sections to conform.
Amend title to conform.