(Doc Name h:\legwork\house\amend\h-wm\008\charter school transition funds.docx):
EXPLANATION: Charter School Transition Funds
Amend the bill, as and if amended, Part IB, Section 1, DEPARTMENT OF EDUCATION, page 277, paragraph 1.67, line 17, by striking /for/ and inserting /If funds are available for/
Amend the bill further, as and if amended, Section 1, DEPARTMENT OF EDUCATION, page 277, paragraph 1.67, line 18, by striking:/ from the local district or statewide transition funds /
Amend the bill further, as and if amended, Section 1, DEPARTMENT
OF EDUCATION, page 277, paragraph 1.67, line 19, by inserting
after formula.:
/Funds due to charter schools will be determined using
Fiscal Year 2016-17 135 Day ADM./
Amend the bill further, as and if amended, Section 1, DEPARTMENT
OF EDUCATION, page 277, paragraph 1.67, line 20, by inserting
after district.:
/Funds requested may not exceed the difference in
Education Finance Act revenue prior to the changes in the
funding formula. No transition funds may be allocated to offset
a loss in revenue that is the result of a reduction in
pupils./
Amend the bill further, as and if amended, Section 1, DEPARTMENT
OF EDUCATION, page 277, paragraph 1.67, line 22, by inserting at
the end:
/If any excess funds exist, they must be transferred to
the Charter School Revolving Loan Program. /
Renumber sections to conform.
Amend totals and titles to conform.