§ 16-7-44.2. Repayment of school housing aid.
(a) If an audit or subsequent review by the commissioner of elementary and secondary education determines that a community was overpaid school housing aid, the community shall repay the determined amount over a number of years that is calculated by dividing the total amount of the overpayment by the total amount of revenues reported by the school district for the most recently completed fiscal year.
(b) If the percentage derived from section (a) above is one-half percent (0.5%) or less, the community shall repay the entire amount of the overpayment in the same fiscal year in which the overpayment is determined.
(c) If the percentage derived from section (a) above is greater than one-half percent (0.5%), the community shall repay the amount of the overpayment over a number of years that equals the percentage derived from section (a) divided by one-half percent (0.5%).
(d) Repayments of more than one year shall be made in equal installments over the term derived from section (c) above. The department of elementary and secondary education will submit an invoice to the community on July 1st.
(e) If the department of elementary and secondary education has not received the required amount by June 30 of the applicable fiscal year, education aid for the community calculated pursuant to § 16-7.1-15 shall be reduced by the amount due.
(f) If the entire overpayment is not received in full in the first year, interest will be applied annually at a rate equal to the consumer price index.
History of Section.P.L. 2009, ch. 5, art. 13, § 2.
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 Repealed.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 - Repealed.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 - Repealed.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 - Repealed.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 - Repealed.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.