2127-S AMH PROB FRAS 535

SHB 2127 - H AMD 1234

By Representative Probst

ADOPTED 02/28/2012

On page 148, after line 22, insert the following:

"NEW SECTION. Sec. 503. A new section is added to 2011 1st sp. s. c 50 (uncodified) to read as follows:

FOR THE SUPERINTENDENT OF PUBLIC INSTRUCTION--FOR MAY AND JUNE 2013 LOCAL EFFORT ASSISTANCE PAYMENTS

General Fund--State Appropriation (FY 13) . . . . . . . . $74,841,000

The amount in this section is subject to the following conditions and limitations:

(1) The purpose of this contingent appropriation is to ensure a responsible ending fund balance while avoiding delay in providing funding to school districts by making the May and June 2013 local effort assistance payments to eligible school districts if the June 2013 revenue forecast indicates that sufficient revenues are available to support the expenditure.

(2) The amount in this section is provided solely for the May and June 2013 local effort assistance payments to eligible school districts that would otherwise be paid in those months but for the delay until July 2013 required by House Bill No. 2813 (local effort assistance).

(3) This section takes effect June 25, 2013, only if the June 2013 forecast adopted by the economic and revenue forecast council pursuant to RCW 82.33.030 projects that state general fund revenues for the 2011-2013 fiscal biennium will exceed $30,487,702,000.

(4) The economic and revenue forecast council must provide notice of the contingency in (3) of this section to the chief clerk of the house of representatives, the secretary of the senate, the statute law committee, the superintendent of public instruction, the governor, and others as deemed appropriate by the council.

NEW SECTION. Sec. 504. A new section is added to 2011 1st sp. s. c 50 (uncodified) to read as follows:

FOR THE SUPERINTENDENT OF PUBLIC INSTRUCTION-FOR JUNE 2013 GENERAL APPORTIONMENT

General Fund--State Appropriation (FY 13) . . . . $340,000,000

The amount in this section is subject to the following conditions and limitations:

(1) The purpose of this contingent appropriation is to ensure a responsible ending fund balance while avoiding delay in providing funding to school districts by making the June 2013 general apportionment payment to school districts if the June 2013 revenue forecast indicates that sufficient revenues are available to support the expenditure.

(2) The amount in this section is provided solely for the June 2013 general apportionment payment to school districts that would otherwise be paid in that month but for the delay to July 2013 required by House Bill No. 2129 (apportionment payment).

Renumber the remaining sections consecutively, correct internal references, and correct the title.

EFFECT: If the June 2013 forecast by the Economic & Revenue Forecast Council projects that state general fund revenues will exceed a specified amount, then additional funding is appropriated in fiscal year 2013 to avoid delaying certain payments to school districts.

Specifically:

1) If the June 2013 forecast exceeds $30,487,702,000 ($74.8 million more than is currently assumed to support appropriations in SHB 2127), then an additional $74,841,000 is appropriated to avoid delaying the May and June 2013 Local Effort Assistance payments to eligible school districts.

2) If the June 2013 forecast exceeds $30,827,702,000 ($414.8 million more than is currently assumed to support the appropriations in SHB 2127), then an additional $340,000,000 is appropriated to avoid delaying the June 2013 general apportionment payment to school districts.

FISCAL IMPACT:

If the specified contingencies occur, increases General Fund - State by $414,841,000.

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