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1999 SESSION

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HB 1435 Lottery proceeds for local school divisions.

Introduced by: Barnie K. Day | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Lottery Proceeds for local school divisions. Provides that one-third of lottery proceeds will be distributed to local school districts beginning July 1, 2000, two-thirds of lottery proceeds will be distributed to local school districts beginning July 1, 2001, and all lottery proceeds will be distributed to local school districts beginning July 1, 2002. The apportionment formula among the school districts will be as follows:(i) forty percent of the available proceeds shall be allocated and distributed equally to each school division; (ii) forty percent of the available proceeds shall be allocated and distributed to each school division on a pro rata basis according to the school division's average daily membership adjusted by the locality's composite index; and (iii) twenty percent of the available proceeds shall be allocated and distributed to each school division on a pro rata basis according to the school division's average daily membership.


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