72-5221. U.S.D. 203; application of term "assessed valuation per pupil" for determination of capital improvement entitlements. (a) For the purpose of determination of supplemental state aid under K.S.A. 72-5145, and amendments thereto, and payments from the school district capital improvements fund under K.S.A. 72-5462, and amendments thereto, notwithstanding any provision of either such statutory section to the contrary, the term assessed valuation per pupil, as applied to unified school district No. 203, Wyandotte county, shall not include within its meaning the assessed valuation of property which is owned by Sunflower Racing, Inc. and operated as a racetrack facility known as the Woodlands. The meaning of assessed valuation per pupil as provided in this subsection, for the purposes specified in this subsection, and as applied to the unified school district designated in this subsection, shall be in force and effect for the 1994-95 and 1995-96 school years.

(b) (1) In the event unified school district No. 203, Wyandotte county, receives in any school year the proceeds from any taxes which may be paid upon the Woodlands for the 1994-95 school year or the 1995-96 school year or for both such school years, the state board of education shall deduct an amount equal to the amount of such tax proceeds from future payments of state aid to which the district is entitled.

(2) For the purposes of this subsection, the term "state aid" means payments from the school district capital improvements fund.

History: L. 1995, ch. 160, § 12; L. 2015, ch. 4, § 50; L. 2017, ch. 95, § 78; July 1.