Section 13-13-1.7 - State aid calculation for consolidated school districts--Years five to eight.
13-13-1.7. State aid calculation for consolidated school districts--Years five to eight. In years five to eight, inclusive, after the consolidation of two or more school districts that opted to benefit from § 13-13-1.6, state aid shall be calculated as follows:
(1) Calculate state aid pursuant to § 13-13-73;
(2) Notwithstanding the four-year time limit, calculate state aid pursuant to § 13-13-1.6;
(3) Subtract the results of subdivision (1) from the results of subdivision (2);
(4) Multiply the results of subdivision (3) by eighty percent in the fifth year, sixty percent in the sixth year, forty percent in the seventh year, and twenty percent in the eighth year;
(5) Add the results of subdivision (1) and the results of subdivision (4).
Source: SL 1999, ch 80, § 4; SL 2001, ch 76, § 2.