§ 21-13-312 — Prorating payments when income from foundation account insufficient

(a) To preserve the integrity of the foundation account
for the biennium and so that payments can be made during the
full school year for each year of the biennium, if it appears to
the state superintendent that the income available to the
foundation account is not sufficient to meet the payments as
provided by law:
(i) The state superintendent shall determine a
uniform percentage by which the amount guaranteed to each
district under W.S. 21-13-309 shall be reduced so that available
revenues in the foundation account for that school year are as
nearly as possible equal to the amount necessary to fund
payments to districts under W.S. 21-13-313; and
(ii) The revenue to be rebated by a district under
W.S. 21-13-102(b) shall be adjusted based upon the guaranteed
amount for that district determined under paragraph (a)(i) of
this section.