2005 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: Dillard
Increse funding for At-Risk Program

Item 146 #3h

Item 146 #3h

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 $0 FY2006 $30,663,587 GF

Page 133, line 35, strike "$3,223,517,215" and insert "$3,254,180,802".
Page 146, line 33, strike "$54,208,178", and insert "$84,871,765".
Page 146, line 49, after "ability-to-pay", insert:
"or a 20 percent match whichever is the lower of the two."
Page 147, line 2, strike "These programs may include:"
Page 147, strike lines 3-9.

(This amendment provides an additional $30,663,587 in the second year for the Incentive-based At-Risk initiative program. The amendment proposes to change the funding formula as it relates to the local match funding requirement by using either a 20 percent local match or the locality's composite index, whichever is the lower of the two. This will help direct additional state funds for financial relief to those localities that have a high composite index.)