Amend the bill, as and if amended, Part IB, Section 1A, DEPARTMENT OF EDUCATION-EIA, page 323, proviso 1A.85, lines 18 - 20, by striking the proviso in its entirety, and inserting:
/ 1A.85. (SDE-EIA: Carry Forward) For Fiscal Year 2017-18, the Department of Education is directed to allocate $20,000,000 from carry forward or unencumbered or unobligated cash balances for the School Districts Capital Improvement Plan as set forth in this Act and $10,000,000 from carry forward or unencumbered or unobligated cash balances for the Education Foundation Supplement as set forth in this Act. /
Amend the bill further, as and if amended, Part IB, Section 1, DEPARTMENT OF EDUCATION, page 324, after line 14, by adding an appropriately numbered new proviso to read:
/ (SDE-EIA: Hold Harmless) The Department of Education shall distribute the $10,000,000 appropriated from Proviso 1A.85 for the Education Foundation Supplement distributed to public school districts which would in the current fiscal year recognize a loss in State financial requirement of the foundation program by utilizing an Index of Taxpaying Ability which imputes the assessed value of owner occupied property compared to the State financial requirement of the same Index of Taxpaying Ability without an imputed value of owner-occupied homes. Funds in the Education Foundation Supplement must be distributed to the school districts receiving a loss, in an amount equal to the amount of the loss. If funds are not sufficient to cover the full loss, funds will be reduced on a pro rata basis. This supplement shall not require a local financial requirement. /
Renumber sections to conform.
Amend sections, totals and title to conform.