20-9-335. Formula for apportionment of county equalization money. (1) The superintendent of public instruction shall calculate the apportionment of revenue available in the elementary and high school county equalization funds in accordance with the following procedure:
(a) determine the percentage that the county equalization money available for the support of the elementary direct state aid of the districts in the county is of the total elementary direct state aid of all districts in the county;
(b) multiply the elementary direct state aid amount of each district by the percentage determined in subsection (1)(a) to determine the portion of the county equalization money available to each school district.
(2) The procedure in subsection (1) must also be applied for the high school direct state aid.
(3) Territory situated within a county may not be excluded from the calculations of the county equalization money under this section solely because the territory lies within the boundaries of a joint district. Cash balances to the credit of any district at the end of a school fiscal year may not be considered in the apportionment procedure prescribed in this section.
(4) The county equalization money reported under these procedures is the first source of revenue for financing the elementary and high school direct state aid payments.
History: En. 75-6915 by Sec. 265, Ch. 5, L. 1971; amd. Sec. 11, Ch. 137, L. 1973; amd. Sec. 1, Ch. 255, L. 1973; R.C.M. 1947, 75-6915; amd. Sec. 4, Ch. 413, L. 1983; amd. Sec. 4, Ch. 299, L. 1985; amd. Sec. 7, Ch. 6, Sp. L. July 1992; amd. Sec. 47, Ch. 633, L. 1993; amd. Sec. 24, Ch. 22, L. 1997; amd. Sec. 7, Ch. 464, L. 2001; amd. Sec. 6, Ch. 463, L. 2005.
Structure Montana Code Annotated
Part 3. Funding of Basic System of Quality Public Schools
20-9-303. Nonisolated school BASE budget funding -- special education funds
20-9-305. Proration and calculation of BASE funding program for joint district
20-9-308. BASE budgets and general fund budget limits
20-9-310. Oil and natural gas production taxes for school districts -- allocation and limits
20-9-311. Calculation of average number belonging (ANB) -- 3-year averaging
20-9-313. Circumstances under which regular average number belonging may be increased
20-9-321. Allowable cost payment for special education
20-9-325. Data-for-achievement payment
20-9-326. Annual inflation-related adjustments to basic entitlements and per-ANB entitlements
20-9-327. Quality educator payment
20-9-328. At-risk student payment
20-9-329. Indian education for all payment
20-9-330. American Indian achievement gap payment
20-9-332. Fines and penalties proceeds for elementary county equalization
20-9-335. Formula for apportionment of county equalization money
20-9-336. through 20-9-340 reserved
20-9-341. Definition of interest and income money
20-9-342. Deposit of interest and income money by state board of land commissioners
20-9-343. Definition of and revenue for state equalization aid
20-9-344. Duties of board of public education for distribution of BASE aid
20-9-348. Estimation of state equalization aid for budget purposes
20-9-349. and 20-9-350 reserved
20-9-351. Funding of deficiency in BASE aid
20-9-353. Additional financing for general fund -- election for authorization to impose
20-9-354. through 20-9-359 reserved
20-9-360. State equalization aid levy
20-9-361. County equalization revenue
20-9-362. through 20-9-365 reserved
20-9-368. Amount of guaranteed tax base aid
20-9-369. Duties of superintendent of public instruction and department of revenue
20-9-371. Calculation and uses of school facility entitlement amount
20-9-372. through 20-9-374 reserved
20-9-376. Purpose of increased funding beyond inflation
20-9-377. through 20-9-379 reserved
20-9-380. School facilities fund -- school major maintenance aid special revenue account