20-9-370. Definitions. As used in this title, unless the context clearly indicates otherwise, the following definitions apply:
(1) "School facility entitlement" means:
(a) $300 per ANB for an elementary school district;
(b) $450 per ANB for a high school district; or
(c) $370 per ANB for an approved and accredited junior high school or middle school.
(2) "State advance for school facilities" is the amount of state equalization aid distributed to an eligible district to pay the debt service obligation for a bond in the first school fiscal year in which a debt service payment is due for the bond.
(3) "State reimbursement for school facilities" means the amount of state equalization aid distributed to a district that:
(a) has a district mill value per ANB that is less than the corresponding facility guaranteed mill value per ANB; and
(b) has a debt service obligation in the ensuing school year on bonds.
(4) "Total school facility entitlement" means the school facility entitlement times the total ANB for the district.
History: En. Sec. 38, Ch. 633, L. 1993; amd. Sec. 38, Ch. 18, L. 1995; amd. Sec. 4, Ch. 586, L. 1995; amd. Sec. 5, Ch. 550, L. 2003.
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