_______________________________________________
HOUSE
BILL 1495
_______________________________________________
Passed
Legislature - 1993 Regular Session
State
of Washington 53rd Legislature 1993
Regular Session
By
Read
first time 01/29/93. Referred to Committee on Education.
Changing local effort assistance distribution.
AN ACT Relating to distribution of local effort
assistance funds; and amending RCW 28A.500.010.
BE
IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1.
RCW 28A.500.010 and 1992 c 49 s 2 are each amended to read as follows:
(1) Commencing with taxes assessed in 1988 to
be collected in calendar year 1989 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 percent
levy rate" shall mean ten 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 percent levy rate" of a
district shall mean:
(i) Ten 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 percent levy rate which exceeds the state-wide
average ten 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 percent levy rate and the
state-wide average ten percent levy rate; to (ii) the state-wide average ten
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
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
percent levy rate and the state-wide average ten percent levy rate; divided by
(ii) the district's ten 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) Thirty percent in April;
(ii) Twenty-three percent in May;
(iii) Two percent in June;
(iv) ((Twenty-six)) Seventeen percent
in August;
(v) Nine percent in October;
(((v))) (vi) Seventeen percent in
November; and
(((vi))) (vii) Two percent in
December.
