2005 Arizona Revised Statutes - Revised Statutes §15-974  Equalization assistance for education for accommodation schools; definition

A. Equalization assistance for education for accommodation schools shall be computed as follows:

1. Determine the total of the lesser of an accommodation school's revenue control limit or district support level as determined in section 15-947, an accommodation school's capital outlay revenue limit as determined in section 15-961 and an accommodation school's soft capital allocation as determined in section 15-962.

2. From the amount determined in paragraph 1 of this subsection subtract the monies received from P.L. 81-874 for the prior fiscal year if the amount to be received in the current fiscal year is equal to or greater than the amount received in the prior fiscal year. If the amount to be received during the current fiscal year is less than the amount received in the prior fiscal year, the subtraction shall be determined as follows:

(a) Subtract the amount to be received in the current fiscal year, adjusting the final payment to reflect actual receipts during the fiscal year.

(b) If additional P.L. 81-874 monies are received after the computation of the last payment of state aid but before the end of the fiscal year, the amount received late shall be subtracted from the equalization assistance for the following fiscal year, except that the total amount reduced pursuant to subdivision (a) of this paragraph and this subdivision shall not exceed the amount of P.L. 81-874 monies received in the prior year.

3. Equalization assistance for an accommodation school shall be the amount determined in paragraph 2 of this subsection.

B. Equalization assistance for education for accommodation schools shall be paid from appropriations for that purpose to the school districts as provided in section 15-973.

C. When an accommodation school has a positive total cash balance at the end of a fiscal year in its maintenance and operation fund, the county school superintendent of the county in which the accommodation school is located may authorize an addition to the accommodation school's revenue control limit as provided in section 15-947, subsection A for the following fiscal year. The county school superintendent may not authorize an addition that exceeds the lesser of the ending cash balance less the amount budgeted for the budget balance carryforward as provided in section 15-943.01 or ten per cent of the revenue control limit of the accommodation school. If an accommodation school has a cash balance in excess of the amount needed to fund the budget balance carryforward, the addition authorized pursuant to this subsection and the items listed in section 15-947, subsection C, paragraph 2, subdivisions (c) and (f) for the following fiscal year, the remaining cash balance shall be used to reduce the amount of state aid for equalization assistance for education for the accommodation school as provided in section 15-971, subsection D for the following year.

D. The provisions of subsection C of this section shall not apply to an accommodation school with a student count of one hundred twenty-five or less in kindergarten programs and grades one through eight or to an accommodation school which offers instruction in grades nine, ten, eleven or twelve and which has a student count of one hundred or less in grades nine through twelve.

E. For the purpose of this section, "monies received from P.L. 81-874" means total P.L. 81-874 monies less P.L. 81-874 monies for children with disabilities, children with specific learning disabilities and children residing on Indian lands which are in addition to the basic assistance as provided in 20 United States Code section 238, subsection (d), paragraph 2, clauses (C) and (D).