Amend the bill, as and if amended, Part IB, Section 1, DEPARTMENT OF EDUCATION, page 281, proviso 1.41, lines 23-24, by striking the proviso in its entirety and by inserting:
/ 1.41. (SDE: Special Schools Flexibility) For the current fiscal year, the special schools and 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 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 are authorized to transfer funds among funding categories, including capital funds. School districts eligible for this flexibility may only transfer unencumbered debt and not money needed to service existing debt./
Renumber sections to conform.
Amend sections, totals and title to conform.