Amend the bill, as and if amended, Part IB, Section 1, DEPARTMENT OF EDUCATION, page 294, after line 18, by adding an appropriately numbered new proviso to read:
/ (SDE: Hold Harmless) The Department of Education shall distribute the $5,000,000 appropriated from Proviso 8.2 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. /
Amend the bill further, as and if amended, Part IB, Section 8, EDUCATIONAL TELEVISION COMMISSION, page 339, proviso 8.2, lines 25 and 30, by striking /$40,000,000/ and inserting /$35,000,000/
Amend the bill further, as and if amended, Part IB, Section 8, EDUCATIONAL TELEVISION COMMISSION, page 339, proviso 8.2, line 31, after /used/ by inserting: / as follows: $5,000,000 for the Education Foundation Supplement and any remaining proceeds /
Renumber sections to conform.
Amend sections, totals and title to conform.