artx:sec24:start
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| artx:sec24:start [2020/07/13 22:33] – Amended Nov. 8, 2016 jet | artx:sec24:start [2020/07/30 16:58] (current) – jet | ||
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| stabilization fund in the state treasury, the interest of which must be | stabilization fund in the state treasury, the interest of which must be | ||
| transferred to the state general fund on July first of each year. | transferred to the state general fund on July first of each year. | ||
| + | |||
| + | <WRAP indent> | ||
| a. Except as otherwise provided, the principal of the foundation aid | a. Except as otherwise provided, the principal of the foundation aid | ||
| Line 18: | Line 20: | ||
| b. Whenever the principal balance of the foundation aid stabilization | b. Whenever the principal balance of the foundation aid stabilization | ||
| fund exceeds fifteen percent of the general fund appropriation for state | fund exceeds fifteen percent of the general fund appropriation for state | ||
| - | aid to school districts. for the most recently completed biennium. as | + | aid to school districts, for the most recently completed biennium, as |
| determined by the office of management and budget, the legislative | determined by the office of management and budget, the legislative | ||
| assembly may appropriate or transfer any excess principal balance. Such | assembly may appropriate or transfer any excess principal balance. Such | ||
| amount may be used for education-related purposes, as provided by law. | amount may be used for education-related purposes, as provided by law. | ||
| + | |||
| + | </ | ||
| [Amended Nov. 8, 2016 ([[https:// | [Amended Nov. 8, 2016 ([[https:// | ||
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