The bill amends Section 20-9-326 of the Montana Code Annotated (MCA) to clarify the legislature's authority regarding school funding inflationary adjustments. Specifically, it allows the legislature to provide inflationary adjustments that differ from those calculated under the existing law, which are capped at 3% per year. The new legal language inserted into the bill states that the legislature may exercise its appropriation and lawmaking authority to enact inflationary adjustments that exceed this 3% limit.

Additionally, the bill outlines the method for calculating the inflation factor for basic and per-ANB entitlements, which is based on the consumer price index. The adjustments are intended to ensure that school funding can keep pace with inflation, thereby supporting the financial needs of educational institutions in Montana.

Statutes affected:
LC Text: 20-9-326
SB0258_1(1): 20-9-326
SB0258_1(2): 20-9-326
SB0258_1(3): 20-9-326
SB0258_1(4): 20-9-326
SB0258_1(5): 20-9-326
SB0258_1: 20-9-326
SB0258_X(1): 20-9-326
SB0258_X(2): 20-9-326
SB0258_X(3): 20-9-326
SB0258_X(4): 20-9-326
SB0258_X(5): 20-9-326
SB0258_X: 20-9-326