§ 16-7-39. Computation of school housing-aid ratio.
For each community, the percent of state aid for school housing costs shall be computed in the following manner:
(1) The adjusted equalized weighted assessed valuation for the district is divided by the resident average daily membership for the district (grades twelve (12) and below); (2) The adjusted equalized weighted assessed valuation for the state is divided by the resident average daily membership for the state (grades twelve (12) and below); (1) is then divided by (2) and the resultant ratio is multiplied by a factor currently set at sixty-two percent (62%) which represents the approximate average district share of school support; the resulting product is then subtracted from one hundred percent (100%) to yield the housing aid share ratio, provided that in no case shall the ratio be less than thirty percent (30%). Provided, that effective July 1, 2010, and annually at the start of each fiscal year thereafter, the thirty percent (30%) floor on said housing-aid share shall be increased by five percent (5%) increments each year until said floor on the housing-aid share ratio reaches a minimum of not less than forty percent (40%). This provision shall apply only to school housing projects completed after June 30, 2010, that received approval from the board of regents prior to June 30, 2012. Provided further, for the fiscal year beginning July 1, 2012, and for subsequent fiscal years, the minimum housing aid share shall be thirty-five percent (35%) for all projects receiving council on elementary and secondary education approval after June 30, 2012. The resident average daily membership shall be determined in accordance with § 16-7-22(1).
(2) No district shall receive a combined total of more than twenty (20) incentive percentage points for projects that commence construction by December 30, 2023, and five (5) incentive points for projects that commence construction thereafter; provided further, these caps shall be in addition to amounts received under §§ 16-7-40(a)(1) and 16-7-40(a)(2). Furthermore, a district’s share shall not be decreased by more than half of its regular share irrespective of the number of incentive points received nor shall a district’s state share increase by more than half of its regular share, including amounts received under §§ 16-7-40(a)(1) and 16-7-40(a)(2), irrespective of the number of incentive points received.
History of Section.P.L. 1960, ch. 26, § 5; P.L. 1964, ch. 242, art. 7, § 1; P.L. 1981, ch. 252, § 1; P.L. 1988, ch. 84, § 44; P.L. 1989, ch. 490, § 1; P.L. 2001, ch. 24, art. 3, § 1; P.L. 2003, ch. 376, art. 9, § 1; P.L. 2010, ch. 124, § 1; P.L. 2010, ch. 125, § 1; P.L. 2012, ch. 241, art. 12, § 3; P.L. 2018, ch. 47, art. 9, § 1.
Structure Rhode Island General Laws
Section 16-7-1 - — 16-7-14. Repealed.
Section 16-7-15. - Statement of purpose.
Section 16-7-16. - Definitions.
Section 16-7-17. - Time of payment of state’s share of the basic program and approved expenditures.
Section 16-7-18. - Determination of mandated minimum program level.
Section 16-7-19. - Computation of standard local tax rate.
Section 16-7-19.1. - Optional incentive plan.
Section 16-7-20. - Determination of state’s share.
Section 16-7-20.1. - Annual report of number of children with disabilities receiving support.
Section 16-7-20.2. - Repealed.
Section 16-7-20.3. - Repealed.
Section 16-7-20.4. - Repealed.
Section 16-7-20.5. - Computation of regionalization bonus.
Section 16-7-20.6, 16-7-20.7. - Repealed.
Section 16-7-21. - Determination and adjustment of equalized weighted assessed valuation.
Section 16-7-22. - Determination of average daily membership.
Section 16-7-23. - Community requirements — Adequate minimum budget provision.
Section 16-7-23.2. - School deficit reduction — Maintenance of effort provision.
Section 16-7-24. - Minimum appropriation by a community for approved school expenses.
Section 16-7-25. - Minimum program required.
Section 16-7-27. - School tax rate to be identified.
Section 16-7-28. - Separate revenue and expenditure records kept by school communities.
Section 16-7-29. - Minimum salary schedule.
Section 16-7-30. - School attendance when high school not maintained by community.
Section 16-7-31. - Failure of community to furnish funds — Withholding of state funds.
Section 16-7-32. - Annual review of expenditures.
Section 16-7-33. - Evaluation of operations — Recommendations.
Section 16-7-34. - Appropriation of funds.
Section 16-7-34.1. - Repealed.
Section 16-7-34.2. - Appropriation of funds for education of children with disabilities.
Section 16-7-34.3. - Reimbursement by the state for conventional public housing students.
Section 16-7-35. - Foundation program for school housing — Declaration of policy.
Section 16-7-36. - Definitions.
Section 16-7-37. - Reports from communities.
Section 16-7-38. - Time for payments to communities.
Section 16-7-39. - Computation of school housing-aid ratio.
Section 16-7-40. - Increased school housing ratio.
Section 16-7-41. - Computation of school housing aid.
Section 16-7-41.1. - Eligibility for reimbursement.
Section 16-7-42. - Other aid for school housing projects — Effect.
Section 16-7-44. - School housing project costs.
Section 16-7-44.1. - Program restrictions.
Section 16-7-44.2. - Repayment of school housing aid.
Section 16-7-45. - Annual appropriations.