The department of education shall annually compute capacity aid funds to school districts, as follows:
(A) For each school district, multiply the district's three-year average valuation by 0.001;
(B) Determine the median amount of all of the amounts calculated under division (A) of this section;
(C) Calculate each school district's capacity ratio, which equals the greater of zero or the amount calculated as follows: (The amount determined under division (B) of this section / the amount calculated for the district under division (A) of this section) -1If the result of a calculation for a school district under division (C) of this section is greater than 2.5, the district's capacity ratio shall be 2.5.
(D) Calculate the capacity aid per pupil amount, which equals the following quotient:
(The amount determined under division (B) of this section) / (the average of the formula ADMs of all of the districts for which the amount calculated under division (A) of this section is less than the amount determined under division (B) of this section)
(E) Calculate each school district's capacity aid, which equals the following product:
The capacity aid per pupil amount calculated under division (D) of this section X the district's formula ADM X 4.0X the district's capacity ratio calculated under division (C) of this section
Amended by 132nd General Assembly File No. TBD, HB 49, §101.01, eff. 9/29/2017.
Amended by 131st General Assembly File No. TBD, HB 64, §101.01, eff. 9/29/2015.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
