This bill provides for an additional allocation of school funding for a school administrative unit in which at least 15% of the school administrative unit has tax-exempt property that cannot be levied to support public education in the school administrative unit or for a school administrative unit in which at least 50% of students are eligible for free or reduced-price meals. The adjustment is funded through any unencumbered balances that otherwise would be carried forward into the next fiscal year in the Department of
43 Education, General Purpose Aid for Local Schools program, General Fund account. To
44 qualify for an adjustment, the school administrative unit is required to submit a plan for
45 how the funds will be used to increase academic and social success of economically
46 disadvantaged students. The amount of the adjustment must be based on a per-pupil rate
47 calculated using the number of economically disadvantaged students and limited by the
48 amount of funds available.