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 minimum amount awarded to any school district is set at $25,000 over a ten-year period, while districts with active charter district levies cannot exceed $40 million during the same timeframe. Additionally, the Idaho school for the deaf and the blind will be treated as a school district for funding purposes.

Significantly, the bill introduces a provision that mandates a total distribution of one billion dollars ($1,000,000,000) by the state department of education, with any excess funds allocated to districts with the greatest need, prioritizing rural districts. The provisions of this section will become void after 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