Section 13-13-72 - Legislative policy on annual increase in appropriation for state aid toeducation foundation program.
13-13-72. Legislative policy on annual increase in appropriation for state aid to education foundation program. It is the policy of the Legislature that the appropriation for the state aid to education foundation program increase on an annual basis by the percentage increase in local need on an aggregate statewide basis so that the relative proportion of local need paid by local effort and state aid shall remain constant. However, the increase in the per student allocation on an annual basis that exceeds three percent shall be paid solely by the state and is not a factor in this policy.
Source: SL 1995, ch 94, § 38B; SL 2007, ch 93, § 23.