20-9-370. Definitions. As used in this title, unless the context clearly indicates otherwise, the following definitions apply:
     (1) "School facility entitlement" means:
     (a) $220 per ANB for an elementary school district;
     (b) $330 per ANB for a high school district; or
     (c) $270 per ANB for an approved and accredited junior high school or middle school.
     (2) "State advance for school facilities" is the amount of state equalization aid distributed to an eligible district to pay the debt service obligation for a bond in the first school fiscal year in which a debt service payment is due for the bond.
     (3) "State reimbursement for school facilities" means the amount of state equalization aid distributed to a district that:
     (a) has a district mill value per elementary ANB that is less than the corresponding statewide mill value per elementary ANB or a district mill value per high school ANB that is less than the corresponding statewide mill value per high school ANB; and
     (b) has a debt service obligation in the ensuing school year on bonds for which the original issue was sold after July 1, 1991.
     (4) "Total school facility entitlement" means the school facility entitlement times the total ANB for the district.

     History: En. Sec. 38, Ch. 633, L. 1993; amd. Sec. 38, Ch. 18, L. 1995; amd. Sec. 4, Ch. 586, L. 1995.