49-3-366 - Funds for teachers' salary equity. - Tennessee Statutes

49-3-366. Funds for teachers' salary equity.

(a)  Notwithstanding any other law to the contrary, effective with the 2004-2005 fiscal year, the dollar value of the BEP instructional positions component shall be thirty-four thousand dollars ($34,000) per instructional position. In subsequent fiscal years, the dollar value of the instructional positions component in the BEP shall be set in accordance with § 49-3-351.

(b)  No LEA shall receive from the BEP in fiscal year 2004-2005 and in subsequent fiscal years a lesser amount of state funds for instructional salaries, benefits, insurance, and unit costs adjusted for any mandatory increases in these categories and adjusted for any changes in average daily membership, than it received for such purposes in the 2003-2004 fiscal year.

(c)  The commissioner shall provide to each LEA, as appropriate, a state funding plan to transition from prior appropriations pursuant to Acts 2003, ch. 356, §  11, 4(a) and 4(b), to funding under the BEP for the instructional positions component. In developing the plan, the commissioner shall consider the applicable local salary schedules for instructional positions, the fiscal capacity of the LEA and the local effort in raising revenue. The department shall provide each LEA notice of its obligations and anticipated revenues under the transition plan.

[Acts 1995, ch. 520, § 1; 2004, ch. 670, § 2.]