The proposed amendments to House Bill No. 1130 seek to revise section 15.1-27-04.1 of the North Dakota Century Code, which governs the calculation of state aid for school districts. The bill allows school districts to decrease their local contribution deduction in the state aid formula by the percentage of local contributions derived from in lieu of revenue. It also updates the baseline funding calculation for state aid, incorporating various revenue types received by school districts during designated school years, and specifies adjustments for districts that transition to elementary districts after the 2012-13 school year. Significant deletions from current law include the removal of certain provisions related to baseline funding calculations and the retroactive application of specific funding measures through June 30, 2025.

Furthermore, the bill outlines a new method for calculating state aid based on weighted student units and sets specific funding amounts for the 2023-24 and 2024-25 school years, with provisions for annual adjustments thereafter. It mandates that the superintendent of public instruction subtract certain amounts from the calculated state aid, including a percentage of mills levied for sinking and interest funds. The bill also requires county auditors to report revenue received by school districts and the number of mills levied for various purposes, enhancing transparency and accountability in the funding process. Additionally, it introduces new language regarding the allocation of reductions to the school district's sinking and interest fund specifically for bonded indebtedness repayment obligations.

Statutes affected:
INTRODUCED: 15.1-27-04.1
Prepared by the Legislative Council staff for Representative Richter: 15.1-27-04.1
FIRST ENGROSSMENT: 15.1-27-04.1
Adopted by the Senate Education Committee: 15.1-27-04.1
Prepared by the Legislative Council staff for Senator Schaible: 15.1-27-04.1
Adopted by the Conference Committee: 15.1-27-04.1