HOUSE MOTION ____
]
MR. SPEAKER:
I move that House Bill 1257 be amended to read as follows:
Delete the title and insert the following:
A BILL FOR AN ACT to amend the Indiana Code concerning
charter schools.
SOURCE: Page 2, line 40; (07)MO125715.2. -->
Page 2, between lines 40 and 41, begin a new paragraph and insert:
SOURCE: IC 20-43-6-3; (07)MO125715.3. -->
"SECTION 3. IC 20-43-6-3, AS ADDED BY P.L.2-2006, SECTION
166, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 2008]: Sec. 3. (a) A school corporation's total target
revenue for a calendar year is the amount determined under the
applicable provision of this section.
(b) This subsection applies to a school corporation
(other than a
charter school described in subsection (d)) that has target revenue
per ADM for a calendar year that is not equal to the school
corporation's foundation amount for the calendar year. The school
corporation's total target revenue for a calendar year is equal to the
school corporation's guaranteed minimum revenue for the calendar
year.
(c) This subsection applies to a school corporation
(other than a
charter school described in subsection (d)) that has target revenue
per ADM for a calendar year that is equal to the school corporation's
foundation amount for the calendar year. The school corporation's total
target revenue for a calendar year is the sum of the following:
(1) The school corporation's foundation amount for the calendar
year multiplied by the school corporation's adjusted ADM for the
current year.
(2) The amount of the annual decrease in federal aid to impacted
areas from the year preceding the ensuing calendar year by three
(3) years to the year preceding the ensuing calendar year by two
(2) years.
(3) The part of the school corporation's maximum permissible
tuition support levy for the year that equals the original amount of
the levy imposed by the school corporation to cover the costs of
opening a new school facility or reopening an existing facility
during the preceding year.
(d) This subsection applies to a charter school. A charter
school's total target revenue for a calendar year equals the result
of:
(1) the charter school's target revenue per ADM for the
calendar year; multiplied by
(2) the charter school's current ADM.".
Renumber all SECTIONS consecutively.
(Reference is to HB 1257 as printed February 14, 2007.)
________________________________________
MO125715/DI 116 2007