20-9-367. Eligibility to receive guaranteed tax base aid or state debt service assistance for school facilities. (1) If the district guaranteed tax base ratio of an elementary or high school district is less than the corresponding statewide elementary or high school guaranteed tax base ratio, the district may receive guaranteed tax base aid based on the number of mills levied in the district in support of up to 35.3% of the basic entitlement, up to 35.3% of the total per-ANB entitlement, and up to 40% of the special education allowable cost payment budgeted within the general fund budget.
(2) If the county retirement mill value per elementary ANB or the county retirement mill value per high school ANB is less than the corresponding statewide mill value per elementary ANB or high school ANB, the county may receive guaranteed tax base aid based on the number of mills levied in the county in support of the retirement fund budgets of the respective elementary or high school districts in the county.
(3) For the purposes of 20-9-370 and 20-9-371, if the district mill value per elementary ANB or the district mill value per high school ANB is less than the corresponding statewide mill value per elementary ANB or statewide mill value per high school ANB, the district may receive debt service assistance in the form of a state advance or reimbursement for school facilities in support of the debt service fund.
History: En. Sec. 61, Ch. 11, Sp. L. June 1989; amd. Sec. 8, Ch. 711, L. 1991; amd. Sec. 32, Ch. 767, L. 1991; amd. Sec. 31, Ch. 633, L. 1993; amd. Sec. 2, Ch. 586, L. 1995; amd. Secs. 4, 5, Ch. 211, L. 1999; amd. Sec. 9, Ch. 11, Sp. L. May 2000; amd. Sec. 5, Ch. 404, L. 2017.
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