Bill Text: AZ SB1482 | 2012 | Fiftieth Legislature 2nd Regular | Engrossed
Bill Title: School districts; budget overexpenditures; repayment
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Engrossed - Dead) 2012-03-08 - Transmit to House [SB1482 Detail]
Download: Arizona-2012-SB1482-Engrossed.html
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Senate Engrossed |
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State of Arizona Senate Fiftieth Legislature Second Regular Session 2012
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SENATE BILL 1482 |
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AN ACT
Prescribing repayment requirements for school districts with budget overexpenditures.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. School district budget overexpenditures; correction; interest
A. Notwithstanding sections 15-905 and 15-915, Arizona Revised Statutes, a school district that overexpended its budget during fiscal year 2003-2004 shall be required to correct this overexpenditure plus any overexpenditures for fiscal years 2004-2005 through 2011-2012 by reducing its budget capacity over a nine‑year period beginning in fiscal year 2011-2012 and ending in fiscal year 2019‑2020. The annual installments shall be one hundred thousand dollars for fiscal year 2011‑2012 and twelve and one‑half per cent of the remaining total required reduction for fiscal years 2012‑2013 through 2019‑2020. This subsection applies to a school district if all of the following conditions exist:
1. The school district is a unified school district that is located on an Indian reservation.
2. The school district is currently in receivership pursuant to section 15‑103, Arizona Revised Statutes.
3. The school district's average daily membership for the 2010-2011 school year was more than two hundred seventy pupils but less than two hundred eighty pupils.
4. The total amount of the correction that would otherwise be required under section 15-915, Arizona Revised Statutes, excluding interest, is more than five hundred thousand dollars but less than one million one hundred thousand dollars.
B. Notwithstanding any other law, the department of education shall also reduce the state aid that would otherwise be due a school district that meets the criteria specified in subsection A of this section by one hundred thousand dollars for fiscal year 2011-2012 and twenty‑five per cent of the remaining total each fiscal year over a four‑year period beginning in fiscal year 2012‑2013 and ending in fiscal year 2015‑2016.
C. In addition to monies required to be repaid pursuant to subsection B of this section, accrued interest must be paid at a rate determined by the superintendent of public instruction.
Sec. 2. Emergency
This act is an emergency measure that is necessary to preserve the public peace, health or safety and is operative immediately as provided by law.
