CHAPTER 26

FORMERLY

SENATE BILL NO. 153

AN ACT TO AMEND DELAWARE CODE, TITLE 14, CHAPTER 17, RELATING TO THE ALLOCATION DIVISION III EQUALIZATION FUNDING.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend Delaware Code, Title 14, Subsection 1707(c) by striking the last sentence in said subsection in its entirety and by substituting in lieu thereof the following:

"For the fiscal year ending June 30, 1990 and for any subsequent fiscal year, the state share per unit for any school district shall not be less than the state share per unit received by that district in the prior fiscal year provided that the school district does not reduce its current expense revenue below that for the prior fiscal year by reducing its current expense tax rate for real estate or capitations. In the event that a school district reduces its current expense revenue by reducing its current expense tax rate, the state share per unit shall be reduced by a proportionate amount."

Approved May 29, 1989.