2012 Rhode Island General Laws
Title 16 - Education
Chapter 16-7.2 - The Education Equity and Property Tax Relief Act
Chapter 16-7.2-7 - Transition plan.

§ 16-7.2-7 Transition plan. – The general assembly, shall annually determine the appropriation of education aid pursuant to this chapter using a transition plan to begin in fiscal year 2012, not to exceed seven (7) years for LEA's for whom the calculated education aid pursuant to § 16-7.2-3 is more than the education aid the LEA is receiving as of the effective date of the formula, and ten (10) years for LEA's for whom the calculated education aid pursuant to § 16-7.2-3 is less than the education aid the LEA is receiving as of the effective date of the formula.

The local share of funding pursuant to § 16-7.2-5 shall be transitioned proportionately over a period not to exceed 5 years. The transition shall provide a combination of direct aid to districts, funds for the categorical programs, and district savings through state- assumed costs, as determined by the general assembly on an annual basis, Updates to any components of the permanent foundation education aid formula, such as student data, property values, and/or median family income, that result in an increase or decrease in state education aid that impacts the total state and local contribution by more than three percent (3%) shall be transitioned over a period of time not to exceed three (3) years.

History of Section.
(P.L. 2010, ch. 124, § 4; P.L. 2010, ch. 125, § 4.)