2012 Arizona Revised Statutes
Title 15 Education
15-919.06 Optional performance incentive programs; unexpended and unencumbered monies; portion nonlapsing

15-919.06. Optional performance incentive programs; unexpended and unencumbered monies; portion nonlapsing

(Rpld. 7/1/15)

A. A school district that is authorized by the state board to budget for an optional performance incentive program and that by the end of the current fiscal year has additional authorized budget capacity for that fiscal year unexpended and unencumbered shall notify the department of education by July 15 of the following fiscal year of this unexpended and unencumbered amount. The department of education shall decrease that school district's apportionment of state aid for the following fiscal year by an amount equal to twenty per cent of the total unexpended and unencumbered capacity.

B. Notwithstanding section 15-943.01, the maximum amount that may be budgeted as the budget balance carry forward by the governing board of a school district that has received approval to participate in an optional performance incentive program is the maximum amount prescribed in section 15-943.01 further increased by eighty per cent of any unexpended optional performance incentive program monies reported to the department of education pursuant to subsection A of this section.

C. The governing board of a school district that budgets as part of the budget balance carry forward optional performance incentive program monies pursuant to subsection B of this section shall account separately in its budget for the optional performance incentive program monies carried forward and shall use these monies only for the purposes of the optional performance incentive program authorized pursuant to this article.