View Amendment Current Amendment: DAD 118.14 holdharmless.DOCX to Bill 3720     Senators BENNETT and CLIMER propose the following amendment (DAD 118.14 HOLDHARMLESS):
    Amend the bill, as and if amended, Part IB, Section 118, STATEWIDE REVENUE, page 520, proviso 118.14, after line 34 by adding appropriately numbered items at the end to read:
/ ( ) H630 - Department of Education
        Education Foundation Supplement     $10,000,000
( .1) The Department of Education shall distribute the $10,000,00 appropriated in the above item 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.