This bill amends Section 33-915 of the Idaho Code to establish a fixed distribution of funds for school modernization facilities. The state department of education will calculate the distribution for each school district based on the average daily attendance of students and the potential revenue from bond issuances. The bill ensures that no school district receives less than $25,000 over a ten-year period, while also capping the maximum distribution for districts with active charter district levies at $40 million. Any excess funds will be redistributed to other districts that have not reached the cap.

Additionally, the bill introduces a provision that mandates a total distribution of $1 billion by the state department of education, with any surplus funds allocated to districts with the greatest need, prioritizing rural districts. The provisions of this section will expire on June 30, 2034. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.

Statutes affected:
Bill Text: 33-915