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| To calculate an alternative equity list for fiscal | 1 |
| year 2009 funding under the Classroom Facilities | 2 |
| Assistance Program and the Exceptional Needs | 3 |
| School Facilities Assistance Program for certain | 4 |
| school districts with large one-year reductions in | 5 |
| valuation. | 6 |
| Section 1. (A) As used in this section: | 7 |
| (1) "Alternative equity list" means a rank order of all city, | 8 |
| exempted village, and local school districts into percentiles | 9 |
| according to the one-year adjusted valuation per pupil of each | 10 |
| district from lowest to higher adjusted valuation per pupil, | 11 |
| computed as follows: | 12 |
| (The district's total taxable value for tax year 2006 / the | 13 |
| district's formula ADM for fiscal year 2007) - [$30,000 x (1 -the | 14 |
| district's income factor for fiscal year 2007)] | 15 |
| (2) "Original equity list" means the school district | 16 |
| percentile ranking according to the three-year average adjusted | 17 |
| valuation per pupil of all city, exempted village, and local | 18 |
| school districts calculated under section 3318.011 of the Revised | 19 |
| Code and certified to the Ohio School Facilities Commission on | 20 |
| September 5, 2007. | 21 |
| (3) "Project" has the same meaning as in section 3318.01 of | 22 |
| the Revised Code. | 23 |
| (4) "School district's portion of the basic project cost" | 24 |
| means the portion of the basic project cost computed under section | 25 |
| 3318.032 of the Revised Code. | 26 |
| (5) "Total taxable value," "formula ADM," and "income factor" | 27 |
| have the same meanings as in section 3317.02 of the Revised Code. | 28 |
| (B) Not later than thirty days after the effective date of | 29 |
| this section, the Department of Education shall create the | 30 |
| alternative equity list defined in this section and shall certify | 31 |
| that list to the Ohio School Facilities Commission for its use in | 32 |
| determining funding of school district projects for fiscal year | 33 |
| 2009, in the manner prescribed in division (C) of this section. | 34 |
| (C) Notwithstanding any provision to the contrary in Chapter | 35 |
| 3318. of the Revised Code, for fiscal year 2009 only, in the case | 36 |
| of any school district that has not received funding under | 37 |
| sections 3318.01 to 3318.20 of the Revised Code in any fiscal year | 38 |
| prior to fiscal year 2009 and for which the district's rank on the | 39 |
| alternative equity list is at least fifteen percentiles lower than | 40 |
| the district's rank on the original equity list: | 41 |
| (1) The Commission shall use the district's percentile on the | 42 |
| alternative equity list to determine the district's priority for | 43 |
| assistance and the school district's portion of the basic project | 44 |
| cost for a project under sections 3318.01 to 3318.20 of the | 45 |
| Revised Code, rather than the district's percentile on the | 46 |
| original equity list as otherwise provided under those sections; | 47 |
| (2) The Commission shall use the district's percentile on the | 48 |
| alternative equity list to determine the school district's portion | 49 |
| of the basic project cost for a project under section 3318.37 of | 50 |
| the Revised Code, rather than the district's percentile on the | 51 |
| original equity list as otherwise provided under that section. The | 52 |
| alternative equity list shall not affect any school district's | 53 |
| eligibility and priority for assistance under that section. | 54 |
| The Commission shall not use the alternative equity list to | 55 |
| determine the priority for funding or a school district's portion | 56 |
| of the basic project cost for any other school district or for any | 57 |
| other program administered by the Commission. | 58 |
| (D) If a school district is offered funding under sections | 59 |
| 3318.01 to 3318.20 or section 3318.37 of the Revised Code for | 60 |
| fiscal year 2009 based on this section, the district's project | 61 |
| shall proceed as specified in those sections, except as otherwise | 62 |
| provided in this section. | 63 |