2005 Washington Revised Code RCW 28A.500.030: Allocation of state matching funds — Determination.

Allocation of state matching funds to eligible districts for local effort assistance shall be determined as follows:

     (1) Funds raised by the district through maintenance and operation levies shall be matched with state funds using the following ratio of state funds to levy funds:

     (a) The difference between the district's twelve percent levy rate and the statewide average twelve percent levy rate; to

     (b) The statewide average twelve percent levy rate.

     (2) The maximum amount of state matching funds for districts eligible for local effort assistance shall be the district's twelve percent levy amount, multiplied by the following percentage:

     (a) The difference between the district's twelve percent levy rate and the statewide average twelve percent levy rate; divided by

     (b) The district's twelve percent levy rate.

     (3) Calendar year 2003 allocations and maximum eligibility under this chapter shall be multiplied by 0.99.

     (4) From January 1, 2004, to December 31, 2005, allocations and maximum eligibility under this chapter shall be multiplied by 0.937.

     (5) From January 1, 2006, to December 31, 2006, allocations and maximum eligibility under this chapter shall be multiplied by 0.9563. Beginning with calendar year 2007, allocations and maximum eligibility under this chapter shall be fully funded at one hundred percent and shall not be reduced.

[2006 c 372 § 904; 2006 c 119 § 1; 2005 c 518 § 914; 2003 1st sp.s. c 25 § 912; 2002 c 317 § 4; 1999 c 317 § 3.]

Reviser's note: This section was amended by 2006 c 119 § 1 and by 2006 c 372 § 904, each without reference to the other. Both amendments are incorporated in the publication of this section under RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).      Severability -- Effective date -- 2006 c 372: See notes following RCW 73.04.135.      Severability -- Effective date -- 2005 c 518: See notes following RCW 28A.305.210.      Severability -- Effective date -- 2003 1st sp.s. c 25: See notes following RCW 19.28.351.      Effective date -- 2002 c 317: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [April 2, 2002]." [2002 c 317 § 6.]