Section 13-13-73 - Calculation of state aid to education for each school district under thefoundation program. - South Dakota Statutes

13-13-73. Calculation of state aid to education for each school district under the foundation program. The secretary of the Department of Education shall compute state aid to education for each school district under the foundation program according to the following calculations:
(1) Determine each school district's fall enrollment;
(2) To arrive at the local need per district:
(a) Multiply the per student allocation by the fall enrollment;
(b) Multiply the small school adjustment, if applicable, by the fall enrollment; and
(c) Add the product of subsection (a) to the product of subsection (b);
(3) State aid is (a) local need minus local effort, or (b) zero if the calculation in (a) is a negative number;
(4) If the state aid appropriation for the general support of education is in excess of the entitlement provided for in this section, the excess shall be used to fund any shortfall of the appropriation as provided for in § 13-37-36.3. The secretary shall report to the Governor by January seventh of each year, the amount of state aid necessary to fully fund the general aid formula in the current year. If a shortfall in the state aid appropriation for general education exists that cannot be covered by § 13-37-45, the Governor shall inform the Legislature and provide a proposal to eliminate the shortfall.

Source: SL 1995, ch 94, § 39; SL 1997, ch 98, § 11; SL 1997, ch 103, § 2; SL 2000, ch 84, § 6; SL 2003, ch 272, § 63; SL 2007, ch 93, § 8; SL 2010, ch 84, § 2.