Section 13-13-67 - Apportionment of school aid transition fund.
13-13-67. Apportionment of school aid transition fund. The school aid transition fund shall be apportioned as follows:
(1) The amount which was paid to school districts in fiscal year 1995 under the foundation program multiplied by 1.031 and known as transition formula aid;
(2) The sum of:
(a) The amount which was paid to school districts in fiscal year 1995 for personal property tax replacement in accordance with §§ 13-13-57 and 13-13-58;
(b) The amount which was paid to school districts in fiscal year 1995 for education salaries and benefits in accordance with §§ 13-13-52, 13-13-53, 13-13-53.1, and 13-13-54;
(c) The amount which was paid to school districts in fiscal year 1995 for teacher inservice in accordance with § 13-26-2.3;
(d) The amount which was paid to school districts in fiscal year 1995 for gifted education in accordance with § 13-33-15; and
(e) The amount which was paid to school districts and multidistrict centers in fiscal year 1995 under the provisions of §§ 13-39-19, 13-39-53, 13-39-56, and 13-39-57 for secondary vocational education.
The total of subsections (2)(a) to (2)(e), inclusive, in this section shall be known as transition categorical aid.
The sum of transition formula aid and transition categorical aid shall be subtracted from the school aid transition fund.
Source: SL 1995, ch 94, § 31.