artx:sec24:start
Differences
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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 | ||
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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:// | ||
artx/sec24/start.1594679608.txt.gz · Last modified: 2020/07/13 22:33 by jet