| |  | | schools account, the appropriate increase in the general purpose |  | aid for local schools allocation to School Administrative District |  | No. 67 for 2005-06 must be applied as an audit adjustment to the |  | general purpose aid for local schools allocation in fiscal year |  | 2006-07. | 
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 |  | |  | Emergency clause.  In view of the emergency cited in the preamble, |  | this Act takes effect when approved. | 
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 |  | |  | This bill is reported out as an emergency bill by the Joint |  | Standing Committee on Education and Cultural Affairs pursuant to |  | Public Law 2005, chapter 2.  The bill changes the cost-sharing |  | mechanism established by the Essential Programs and Services |  | Funding Act and incorporates transition provisions for certain |  | school districts whose cost-sharing formulas may result in |  | adverse impacts for member municipalities within the school |  | districts.  The bill accomplishes the following. | 
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 |  | |  | 1.  It provides an adjustment to the state share of the total |  | allocation for school administrative districts and community |  | school districts that have member municipalities with local |  | contributions that are below the maximum mill rate expectation |  | but that are adversely affected as a result of the cost-sharing |  | mechanism established pursuant to the Maine Revised Statutes, |  | Title 20-A, section 15688. | 
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 |  | |  | 2.  It provides transition provisions to the current cost- |  | sharing formula of School Administrative District No. 71 for |  | fiscal year 2005-06 to fiscal year 2008-09 and subsequent fiscal |  | years. | 
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 |  | |  | 3.  It provides transition provisions to the cost-sharing |  | formula of the Manchester, Mount Vernon, Readfield and Wayne |  | Community School District for fiscal year 2005-06 to fiscal year |  | 2008-09. | 
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 |  | |  | 4.  It provides a one-year extension to allow the Department |  | of Education to continue to assist School Administrative District |  | No. 74 in developing a transition plan to phase in the new method |  | of determining member municipalities' local cost of education in |  | accordance with Title 20-A, section 15688 by fiscal year 2008-09. | 
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 |  | |  | 5.  It authorizes the Commissioner of Education to adjust the |  | allocation of general purpose aid to local schools for School |  | Administrative District No. 67 in fiscal year 2005-06 should the |  | state valuation for the Town of Lincoln be reduced due to a |  | reduction in value of the Eastern Fine Paper plant. | 
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