Georgia Code
Part 4 - Financing
§ 20-2-165. Equalization Grants; Annual Calculation; Allocation

(5.1) “Equivalent millage” means for a local school system that is eligible to receive local option sales tax proceeds for maintenance and operation purposes, the combination of property tax revenue and sales tax revenue representing the amount that would be generated by a designated rate of mills.
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.
The resulting amount shall be the midterm adjustment to the equalization grant.
History. Code 1981, § 20-2-165 , enacted by Ga. L. 1985, p. 1657, § 1; Ga. L. 1987, p. 1169, § 1; Ga. L. 1988, p. 612, § 7; Ga. L. 1990, p. 1354, § 4; Ga. L. 1992, p. 1335, § 3; Ga. L. 1994, p. 668, § 3; Ga. L. 1995, p. 1302, § 13; Ga. L. 2000, p. 618, § 24; Ga. L. 2001, p. 148, § 6; Ga. L. 2006, p. 743, § 3/SB 515; Ga. L. 2012, p. 367, § 1/HB 824.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1987, “full-time equivalent” was substituted for “FTE” throughout this Code section.
Editor’s notes.
Ga. L. 1995, p. 1302, § 13(6), provided for the substitution of “disability” and “disabilities” for “handicap” and “handicaps”; however, those words do not appear in this Code section.
Ga. L. 2000, p. 618, § 1, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘A Plus Education Reform Act of 2000.’

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