2013 -- H 5037

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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A N A C T

RELATING TO EDUCATION -- FOUNDATION LEVEL SCHOOL SUPPORT

     Introduced By: Representatives Edwards, Canario, and Marshall

     Date Introduced: January 09, 2013

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 16-7-39 of the General Laws in Chapter 16-7 entitled "Foundation

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Level School Support" is hereby amended to read as follows:

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     16-7-39. Computation of school housing aid ratio. -- For each community, the percent

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of state aid for school housing costs shall be computed in the following manner:

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      (1) The adjusted equalized weighted assessed valuation for the district is divided by the

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resident average daily membership for the district (grades twelve (12) and below); (2) the

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adjusted equalized weighted assessed valuation for the state is divided by the resident average

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daily membership for the state (grades twelve (12) and below); (1) is then divided by (2) and the

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resultant ratio is multiplied by a factor currently set at sixty-two percent (62%) which represents

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the approximate average district share of school support; the resulting product is then subtracted

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from one hundred percent (100%) to yield the housing aid share ratio, provided that in no case

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shall the ratio be less than thirty percent (30%). Provided, that effective July 1, 2010, and

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annually at the start of each fiscal year thereafter, the thirty percent (30%) floor on said housing

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aid share shall be increased by five percent (5%) increments each year until said floor on the

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housing aid share ratio reaches a minimum of not less than forty percent (40%). This provision

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shall apply only to school housing projects completed after June 30, 2010 that received approval

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from the board of regents prior to June 30, 2012, except that the town of Tiverton shall

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prospectively be reimbursed at the forty percent (40%) floor on the housing aid share ratio on

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projects completed before June 30, 2010. Provided further, for the fiscal year beginning July 1,

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2012 and for subsequent fiscal years, the minimum housing aid share shall be thirty-five percent

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(35%) for all projects receiving board of regents approval after June 30, 2012. The resident

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average daily membership shall be determined in accordance with section 16-7-22(1).

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO EDUCATION -- FOUNDATION LEVEL SCHOOL SUPPORT

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     This act would permit the town of Tiverton to be prospectively reimbursed at the forty

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percent (40%) floor on the housing aid share ratio on projects completed before June 30, 2010.

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     This act would take effect upon passage.

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