Amend Bill, page 6, line 7 (A01564), by striking out "15"
where it occurs the second time and inserting
30
Amend Bill, page 6, lines 8 through 10, by striking out "all
of the" in line 8, all of line 9 and "(i) The" in line 10
(A01564) and inserting
the
Amend Bill, page 6, lines 12 through 37, by striking out "In"
in line 12 and all of lines 13 through 37 (A01564)
Amend Bill, page 6, line 38 (A01564), by striking out "(3)"
and inserting
(2)
Amend Bill, page 6, lines 42 through 47 (A01564), by striking
out all of said lines and inserting
(a.1) Duty of the Department of Revenue.--The Department of
Revenue shall determine, based on the amount certified under
subsection (a), the amount in the School District Millage Rate
Reduction Fund collected in each school district.
(b) Notification of Department of Education.--By May 10,
2016, and May 10 of each year thereafter, the Department of
Revenue shall notify the Department of Education of the amount
of funds in the School District Millage Rate Reduction Fund
attributable to each school district.
Amend Bill, page 8, lines 34 through 51; page 9, lines 1
through 37 (A01564), by striking out all of said lines on said
pages and inserting
(a) Administration.--The State millage rate reduction
allocation for each school district shall equal the sum of the
total amount of money in the Additional School District Millage
Rate Reduction Fund multiplied by a fraction equal to the amount
of funds determined under section 1622(a.1) divided by the total
amount of funds in the School District Millage Rate Reduction
Fund and the amount of funds determined under section 1622(a.1).
Amend Bill, page 9, line 40 (A01564), by striking out "1" and
inserting
2015/90MSP/HB0504A00840 - 2 -
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