To aid in the offset of the expenses incurred in the consolidation process, the state shall supplement combining systems with a five percent (5%) funding bonus for the first five (5) years of the existence of the combined system. This five percent (5%) bonus shall be over and above the funds received from the state under this title. Funds distributed under this title for administrative purposes shall continue to be distributed as if each school system were still a separate entity.
Structure 2021 Tennessee Code
Chapter 2 - Local Administration
Part 12 - Consolidation of Systems
§ 49-2-1206. Consolidation Plan
§ 49-2-1207. Powers of State Regarding Consolidation
§ 49-2-1258. Multi-County Consolidated School Systems — Issuance of Bonds
§ 49-2-1259. Multi-County Consolidated School Systems — Audit of Boards
§ 49-2-1260. Multi-County Consolidated School Systems — Adoption of Local Option Sales Tax Rate
§ 49-2-1262. Multi-County Consolidated School Systems — Funding Bonus
§ 49-2-1263. Multi-County Consolidated School Systems — Powers and Duties of Department of Education