5477‑S AMS BARR 000380
SSB 5477 - S Amd
BySenator Barr
On page 4, after line 5, insert the following:
"Sec. 2. RCW 28A.500.010 and 1992 c 49 s 2 are each amended to read as follows:
(1) Commencing with taxes
assessed in ((1988)) 1993 to be collected in calendar year ((1989))
1994 and thereafter, in addition to a school district's other general
fund allocations, each eligible district shall be provided local effort
assistance funds as provided in this section. Such funds are not part of the
district's basic education allocation. ((For the first distribution of
local effort assistance funds provided under this section in calendar year
1989, state funds may be prorated according to the formula in this section.))
(2)(a) "Prior tax collection year" shall mean the year immediately preceding the year in which the local effort assistance shall be allocated.
(b) The "state-wide
average ((ten)) thirteen and three-tenths percent levy rate"
shall mean ((ten)) thirteen and three-tenths percent of the total
levy bases as defined in RCW 84.52.0531(4) summed for all school districts, and
divided by the total assessed valuation for excess levy purposes in the prior
tax collection year for all districts as adjusted to one hundred percent by the
county indicated ratio established in RCW 84.48.075.
(c) The "((ten))
thirteen and three-tenths percent levy rate" of a district shall mean:
(i) ((Ten)) Thirteen
and three-tenths percent of the district's levy base as defined in RCW
84.52.0531(4), plus one-half of any amount computed under RCW 84.52.0531(3)(b)
in the case of nonhigh school districts; divided by
(ii) The district's assessed valuation for excess levy purposes for the prior tax collection year as adjusted to one hundred percent by the county indicated ratio.
(d) "Eligible
districts" shall mean those districts with a ((ten)) thirteen
and three-tenths percent levy rate which exceeds the state-wide average ((ten))
thirteen and three-tenths percent levy rate.
(3) Allocation of state matching funds to eligible districts for local effort assistance shall be determined as follows:
(a) Funds raised by the
district through maintenance and operation levies during that tax collection
year shall be matched with state funds using the following ratio of state funds
to levy funds: (i) The difference between the district's ((ten)) thirteen
and three-tenths percent levy rate and the state-wide average ((ten))
thirteen and three-tenths percent levy rate; to (ii) the state-wide
average ((ten)) thirteen and three-tenths percent levy rate.
(b) The maximum amount of
state matching funds for which a district may be eligible in any tax collection
year shall be ((ten)) thirteen and three-tenths percent of the
district's levy base as defined in RCW 84.52.0531(4), multiplied by the
following percentage: (i) The difference between the district's ((ten))
thirteen and three-tenths percent levy rate and the state-wide average
((ten)) thirteen and three-tenths percent levy rate; divided by
(ii) the district's ((ten)) thirteen and three-tenths percent
levy rate.
(4)(((a) Through tax
collection year 1992, fifty-five percent of local effort assistance funds shall
be distributed to qualifying districts during the applicable tax collection
year on or before June 30 and forty-five percent shall be distributed on or
before December 31 of any year.
(b))) In
tax collection year 1993 and thereafter, local effort assistance funds shall be
distributed to qualifying districts as follows:
(((i))) (a)
Thirty percent in April;
(((ii))) (b)
Twenty-three percent in May;
(((iii))) (c)
Two percent in June;
(((iv))) (d)
Twenty-six percent in October;
(((v))) (e)
Seventeen percent in November; and
(((vi))) (f)
Two percent in December."
SSB 5477 - S Amd
BySenator Barr
On page 1, line 1 of the title, after "RCW" insert "28A.500.010 and"