08 LC 33
2297-EC
Senate
Bill 500
By:
Senators Carter of the 13th and Chance of the 16th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 20-2-165 of the Official Code of Georgia Annotated, relating
to equalization grants under the "Quality Basic Education Act," so as to change
the calculations for equalization grants to include a factor for median
household income; to provide for related matters; to repeal conflicting laws;
and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 20-2-165 of the Official Code of Georgia Annotated, relating to
equalization grants under the "Quality Basic Education Act," is amended by
revising subsection (b) as follows:
"(b)
The State Board of Education shall annually calculate the equalization grant for
each qualified local school system in the following manner:
(1)
Subtract the assessed valuation per weighted full-time equivalent count for the
local school system from the assessed valuation per weighted full-time
equivalent count for the guaranteed valuation school system;
(2)
Divide the difference resulting from paragraph (1) of this subsection by
1,000;
(3)
Subtract five from the effective millage rate for the local school system and
use the resulting number of effective mills or 15 effective mills, whichever is
less, as the number of effective mills to be equalized;
(4)
Multiply the quotient resulting from paragraph (2) of this subsection by the
number of effective mills to be equalized pursuant to paragraph (3) of this
subsection;
and
(5)
Multiply the product resulting from paragraph (4) of this subsection by the most
recent weighted full-time equivalent count for the local school
system.;
(6)
Using the most recent decennial census data, calculate a ratio by dividing the
median household income of the local school system by the state-wide median
household income; and
(7)(A)
If the ratio obtained in paragraph (6) of this subsection is greater than one,
then:
(i)
Subtract one from the ratio obtained in paragraph (6) of this
subsection;
(ii)
Multiply the difference resulting from division (i) of this subparagraph by the
product resulting from paragraph (5) of this subsection; and
(iii)
Subtract the product resulting from division (ii) of this subparagraph from the
product resulting from paragraph (5) of this subsection.
The
resulting amount shall be the equalization grant for the ensuing fiscal year;
provided, however, that for each local school system which serves under contract
all of the students in one or more grade levels from an adjoining system and for
each local school system which sends under contract all of the students in one
or more grade levels to an adjoining system, the equalization grant shall be
calculated to represent the amount that would be earned if the students
transferred under said contract were included in the full-time equivalent counts
of the local school system in which they reside; provided, further, that any
equalization grant to be earned by a local school system sending students to
another system under the provisions of such a contract shall be reduced by an
amount which represents the equalization funds earned per weighted full-time
equivalent student multiplied by the total weighted full-time equivalent count
for students transferred, and any equalization grant to be earned by the local
school system receiving students under said contract shall be increased by the
same amount; or
(B)
If the ratio obtained in paragraph (6) of this subsection is less than or equal
to one, the equalization grant for the ensuing fiscal year shall be the product
resulting from paragraph (5) of this subsection
The
resulting amount shall be the equalization grant for the ensuing fiscal
year; provided, however, that for each
local school system which serves under contract all of the students in one or
more grade levels from an adjoining system and for each local school system
which sends under contract all of the students in one or more grade levels to an
adjoining system, the equalization grant shall be calculated to represent the
amount that would be earned if the students transferred under said contract were
included in the full-time equivalent counts of the local school system in which
they reside; provided, further, that any equalization grant to be earned by a
local school system sending students to another system under the provisions of
such a contract shall be reduced by an amount which represents the equalization
funds earned per weighted full-time equivalent student multiplied by the total
weighted full-time equivalent count for students transferred, and any
equalization grant to be earned by the local school system receiving students
under said contract shall be increased by the same amount."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.