28A.500.020  <<  28A.500.030 >>   28A.500.040

Allocation of state matching fundsDetermination. (Effective until January 1, 2019.)

Allocation of state matching funds to eligible districts for local effort assistance shall be determined as follows:
(1) Funds raised by the district through maintenance and operation levies shall be matched with state funds using the following ratio of state funds to levy funds:
(a) The difference between the district's fourteen percent levy rate and the statewide average fourteen percent levy rate; to
(b) The statewide average fourteen percent levy rate.
(2) The maximum amount of state matching funds for districts eligible for local effort assistance shall be the district's fourteen percent levy amount, multiplied by the following percentage:
(a) The difference between the district's fourteen percent levy rate and the statewide average fourteen percent levy rate; divided by
(b) The district's fourteen percent levy rate.
(3) Beginning with calendar year 2007, allocations and maximum eligibility under this chapter shall be fully funded at one hundred percent and shall not be reduced.

NOTES:

Intent2010 c 237: See note following RCW 84.52.0531.
Expiration date2010 c 237 §§ 1, 5, and 6: See note following RCW 84.52.0531.
Effective date2010 c 237 §§ 1 and 3-9: See note following RCW 84.52.0531.
SeverabilityEffective date2006 c 372: See notes following RCW 73.04.135.
Severability2005 c 518: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 2005 c 518 § 1804.]
Effective date2005 c 518: "Except for sections 923 and 931 of this act, this act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [May 17, 2005]." [ 2005 c 518 § 1805.]
SeverabilityEffective date2003 1st sp.s. c 25: See notes following RCW 19.28.351.
Effective date2002 c 317: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [April 2, 2002]." [ 2002 c 317 § 6.]
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