SUMMARY

This bill provides that the Legislature shall provide at least 55% of the cost of the total allocation from General Fund revenue sources by fiscal year 2006-07. Under this bill, the Legislature is required to annually establish a minimum contribution level to achieve the 55% minimum contribution level. The bill establishes a minimum contribution level of 45% for fiscal year 2001-02 and a minimum contribution level of 47% for fiscal year 2002-03. The bill further establishes minimum contribution level targets over the next 4 fiscal years to achieve the 55% minimum contribution level by fiscal year 2006-07.

The bill also provides that the State must appropriate the necessary General Fund revenue to meet the minimum contribution levels established in order for the academic year 2002-03 deadline imposed on school administrative units to achieve the system of learning results to remain in effect. If the minimum contribution levels are not achieved, then this deadline becomes voluntary and the timeline for full implementation of the system of learning results is established at the discretion of school boards.