Section 13-13-70 - Distribution of school aid transition fund for 1996B school fiscalhalf-year. - South Dakota Statutes

13-13-70. Distribution of school aid transition fund for 1996B school fiscal half-year. Notwithstanding the provisions in §§ 13-13-52, 13-13-53, 13-13-53.1, and 13-13-54 regarding educational salaries and benefits, §§ 13-13-57 and 13-13-58 regarding personal property tax replacement, § 13-26-2.3 regarding teacher inservice, §§ 13-33-14, 13-33-15, and 13-33-16 regarding gifted education, the Department of Education shall distribute the school aid transition fund for the 1996B school fiscal half-year to each eligible school district equal to the sum of the following calculations multiplied by 0.5:
(1) A base amount equal to the district's FY 1996 allocation of transition formula aid multiplied by 1.030; and
(2) An amount equal to the district's FY 1996 allocation of transition categorical aid.
The Department of Education shall distribute the remaining funds available in the school aid transition fund for the 1996B school fiscal half-year as provided in §§ 13-13-55 and 13-13-56 for growth factor funds.

Source: SL 1995, ch 94, §§ 34, 35; SL 2003, ch 272, § 63.