§ 15.1-27-35.3 — Payments to school districts - Unobligated general fund balance

North Dakota § 15.1-27-35.3

• Jurisdiction: North Dakota
• Title 15.1: Elementary and Secondary Education
• Ch. 15.1-27: State Aid

Text

1. a. Except as provided in subdivision b, beginning July 1, 2027, the superintendent of
public instruction shall determine the amount of payments due to a school district
and shall subtract from that the amount by which the unobligated general fund
balance of the district on the preceding June thirtieth is in excess of thirty-five
percent of its actual expenditures, plus fifty thousand dollars.
b. The superintendent of public instruction shall determine the amount of payments
due to a school district and shall subtract from that the amount by which the
unobligated general fund balance of the district on the preceding June thirtieth is
in excess of thirty-five percent of its actual expenditures, plus one hundred
thousand dollars if the school district is in a cooperative agreement with another
school district to share academic resources, and the school districts are
considering reorganization under chapter 15.1-12. An eligible school district may
receive payments under this provision for a maximum of two years.
2. For purposes of this section, a district's unobligated general fund balance includes all
moneys in the district's miscellaneous fund, as established under section 57-15-14.2,
but does not include federal impact aid funding.