The bill amends Section 16-7.2-4 of the General Laws under "The Education Equity and Property Tax Relief Act." It introduces a provision that prohibits the total education aid paid to any local education agency from being reduced by more than one percent (1%) of the municipal education appropriation in the previous fiscal year. This includes all distributed categorical funds. The act will take effect upon passage.

Statutes affected:
102: 16-7.2-4