257.13 - ON-TIME FUNDING BUDGET ADJUSTMENT.

        257.13  ON-TIME FUNDING BUDGET ADJUSTMENT.
         1.  For the school budget year beginning July 1, 2001, and
      succeeding budget years, if a district's actual enrollment for the
      budget year, determined under section 257.6, is greater than its
      budget enrollment for the budget year, the district shall be eligible
      to receive an on-time funding budget adjustment.  The adjustment
      shall be in an amount equal to the difference between the actual
      enrollment for the budget year and the budget enrollment for the
      budget year, multiplied by the district cost per pupil.
         2.  The board of directors of a school district that wishes to
      receive an on-time funding budget adjustment shall adopt a resolution
      to receive the adjustment and notify the school budget review
      committee annually, but not earlier than November 1, as determined by
      the department of education.  The school budget review committee
      shall establish a modified allowable growth in an amount determined
      pursuant to subsection 1.
         3.  If the board of directors of a school district determines that
      a need exists for additional funds exceeding the authorized budget
      adjustment for on-time funding pursuant to this section, a request
      for modified allowable growth based upon increased enrollment may be
      submitted to the school budget review committee as provided in
      section 257.31.  
         Section History: Recent Form
         99 Acts, ch 2, §2, 4; 2000 Acts, ch 1055, §1, 3; 2001 Acts, ch
      126, §8; 2008 Acts, ch 1142, §1, 6