AMENDMENT FOR PRINTED BILL
___________________ moved that SB 35 be amended as follows:
On page 1, line 6, of the printed bill, delete "seven dollars and
sixty-three four and one-tenth" and insert " seven six dollars and sixty-three ninety-five and eight-tenths".
On page 1, line 11, delete "
fifty-six and eight forty-four and seven" and insert "fifty-six and eight".
On page 2, line 2, delete "forty and two tenths" and insert "thirty-six and three tenths".
On page 4, line 5, delete "
$48,500 $48,985" and insert "$48,500".
On page 8, after line 11, insert:
" Section 3. That § 13-1-65 be repealed.
13-1-65. From the proceeds of SL 2016, ch 65, each year sixty-three percent shall be dedicated to increasing teacher salaries by school districts, thirty-four percent shall be dedicated to reducing the property tax levies for general education for all classes of property, and three percent shall be dedicated to increasing instructor salaries to competitive levels at postsecondary technical institutes.
Section 4. That § 13-13-72.1 be amended to read:
13-13-72.1. Any adjustments in the levies specified in § 10-12-42 made pursuant to §§ 13-13-71 and 13-13-72 shall be based on maintaining the relationship between statewide local effort as a percentage of statewide local need in the fiscal year succeeding the fiscal year in which the adjustment is made. For school fiscal years 2017 to 2022, inclusive, the proportion of local need paid by local effort and state aid shall be adjusted annually to reflect adjustments in local effort due to the implementation of the other revenue base amount as defined in § 13-13-10.1. However, if the levies specified in § 10-12-42 are not adjusted to maintain this relationship, the target teacher salary as defined in § 13-13-10.1 shall be reduced to maintain the relationship between statewide local effort as a percentage of statewide local need. The school general fund levy for agriculture property for taxes payable in 2018 shall be set equal to the school general fund levy for agriculture property for taxes payable in 2017. The amount of savings through the state aid formula shall be directed to the agriculture future development fund through a transfer from the general fund in fiscal year 2018 and each year thereafter. Beginning in fiscal year 2020, and each year thereafter, the amount transferred from the general fund to the agriculture future development fund shall be adjusted annually be the index factor as defined by subdivision 13-13-10.1(3). ".