AMENDMENT FOR PRINTED BILL
124cb
___________________ moved that SB 124 be amended as follows:
On page 3, line 21, of the printed bill, after "all" delete "revenue" and insert "continuing
receipts".
On page 3, after line 24, insert:
"
(2F) "Adjusted state general fund increase," equals the projected state general fund increase
for school fiscal years 2012 and 2013. Beginning with school fiscal year 2014, it equals
the difference between the calculation in (a) and the calculation in (b) as follows:
(a) Calculate the percentage change in the projected state general fund revenue for the
year of adjustment compared to the actual state general fund revenue for the fiscal
year five years prior to the year of adjustment. However, if the year of adjustment
is school fiscal year 2014 or 2015, the percentage change comparison is between
the year of adjustment and school fiscal year 2011;
(b) Calculate the percentage change in the per student allocation for the fiscal year
prior to the year of adjustment compared to the per student allocation for the fiscal
year five years prior to the year of adjustment. However, if the year of adjustment
is school fiscal year 2014 or 2015, the percentage change comparison is between
the year prior to the year of adjustment and school fiscal year 2011;".
On page 4, line 1, delete "projected" and insert "adjusted".
On page 6, line 7, after "source." insert "General fund revenue shall be further classified as
either continuing receipts or one-time receipts.".
On page 6, delete lines 17 to 20, inclusive.
On page 6, line 21, delete everything after "equal to the" and insert "index factor calculated
pursuant to section 1 of this Act;".
On page 6, delete lines 22 to 24, inclusive, and insert:
"
the annual percentage change in the consumer price index for urban wage earners and
clerical workers as computed by the Bureau of Labor Statistics of the United States
Department of Labor for the year before the year immediately preceding the year of
adjustment or three percent, whichever is less;".
On page 7, delete lines 1 to 4, inclusive.
On page 7, line 5, delete everything after " "General fund adjustment,"" and insert "is equal to
the general fund adjustment calculated pursuant to section 1 of this Act;".
On page 7, delete lines 6 to 10, inclusive.