The online versions of legislation provided on this website are not official. Enrolled bills are the final version passed by the Ohio General Assembly and presented to the Governor for signature. The official version of acts signed by the Governor are available from the Secretary of State's Office in the Continental Plaza, 180 East Broad St., Columbus.
|
S. B. No. 273 As IntroducedAs Introduced
127th General Assembly | Regular Session | 2007-2008 |
| |
Cosponsors:
Senators Mumper, Buehrer
A BILL
To calculate an alternate equity list for fiscal year
2008
for purposes of determining school
districts'
eligibility for assistance under the
Classroom
Facilities Assistance Program and their
local
shares in fiscal year 2009.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. (A) As used in this section, "equity list" means
the school district percentile rankings calculated under section
3318.011 of the Revised Code.
(B) Not later than thirty days after the effective date of
this section, the Department of Education shall create an
alternate equity list for fiscal year 2008 by recalculating each
school district's percentile ranking under section 3318.011 of the
Revised Code and shall certify the alternate equity list to the
Ohio School Facilities Commission. For this purpose, the
Department shall recalculate every school district's percentile
ranking using the district's "valuation per pupil" as that term is
defined in the version of section 3318.011 of the Revised Code in
effect on and after September 29, 2007. When recalculating the
percentile rankings, the Department shall
use the same values for
"average taxable value," "formula ADM," and "income factor," as
those terms are defined in section 3318.011 of the Revised Code,
that it used in calculating the original equity
list for fiscal
year 2008 certified to the Commission on September
5, 2007, and
shall not use any updated values for those variables.
(C) The Commission shall use the alternate equity list
certified under division (B) of this section to determine the
priority for assistance under sections 3318.01
to 3318.20 of the
Revised Code in fiscal year 2009 for each school district that has
not previously been offered funding under those sections. The
alternate equity list shall not affect any school district's
eligibility for the Exceptional Needs School Facilities Assistance
Program under section 3318.37 of the Revised Code.
(D) Notwithstanding any provision of Chapter 3318. of the
Revised Code to the contrary, for each school district that
receives the Commission's conditional approval of the district's
project under sections 3318.01 to 3318.20 or section 3318.37 of
the Revised Code in fiscal year 2009, the district's portion of
the basic project cost shall be the lesser of the following:
(1) The amount required under section 3318.032 of the Revised
Code calculated using the percentile in which the district ranks
on the alternate equity list certified under division (B) of this
section;
(2) The amount required under section 3318.032 of the Revised
Code calculated using the percentile in which the district ranks
on the original equity list for fiscal year 2008.
|
|