2nd Sub. S.B. 111
         EDUCATION FUNDING EQUALIZATION

Senate Floor Amendments

Amendment 2 February 17, 2014 10:36 AM



Senator Aaron Osmond proposes the following amendments:

1.    Page 9, Line 264 :    

             264          (B)
  the       interest accrued on money in the Interest and Dividends Account in the


2.    Page 11, Line 305 :    

             305      to each school within the district on an equal per student basis;
  and      


3.    Page 15, Lines 448 through 455
    Senate Committee Amendments
    2-11-2014 :    

             448          (1) (a) Except as provided in Subsection (1)(b), as used in this section, "basic levy
             449      increment rate" means a rate equal to the lesser of:
             450          (i) the difference between:
             451          (A) a rate of
{   .001691   }        .001535       ; and

             452          (B) the certified revenue levy;
{   and   }        or      

             453          (ii) a rate that:
             454          (A) provides an amount of ad valorem property tax revenue equal to $100,000,000; and
             455          (B) is calculated in the same manner as the certified revenue levy.

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LRGC lelder lelder F 02/14/14 5:56p