Amendment AA2-ASA1-AB938

LRBa2862/1

PG&MJL:kjf:pg

2003 - 2004 LEGISLATURE

ASSEMBLY AMENDMENT 2, TO ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 2003 ASSEMBLY BILL 938

March 10, 2004 - Offered by Representative Olsen.

AB938-ASA1-AA2,1,1 At the locations indicated, amend the substitute amendment as follows:

AB938-ASA1-AA2,1,3 1. Page 1, line 3: after "districts," insert "reorganization of insolvent school districts,".

AB938-ASA1-AA2,1,4 2. Page 3, line 2: after that line insert:

AB938-ASA1-AA2,1,5 "(3m) No aid may be paid under this section after June 30, 2009.".

AB938-ASA1-AA2,1,6 3. Page 3, line 4: after that line insert:

AB938-ASA1-AA2,1,7 " Section 4m. 117.37 of the statutes is created to read:

AB938-ASA1-AA2,1,11 117.37 Insolvent school districts. (1) By June 30, 2007, the school board of a school district that satisfies all of the following criteria shall submit to the legislative audit bureau information sufficient for the bureau to determine the solvency of the school district:

AB938-ASA1-AA2,2,3 (a) The school district's membership used to calculate aid under s. 121.15 (4) (b) in the 2000-01 and the 2003-04 school years declined more than 12 percent between those school years.

AB938-ASA1-AA2,2,4 (b) The school district is at least 475 square miles in area.

AB938-ASA1-AA2,2,10 (2) Within 90 days after receiving the information under sub. (1), the legislative audit bureau shall determine whether the school district is financially solvent. If the bureau determines that the school district is insolvent, within 60 days after the determination the school board shall adopt a resolution ordering the consolidation of the school district with one or more other school districts under s. 117.08 or 117.09 or the dissolution of the school district under s. 117.10.".

AB938-ASA1-AA2,2,11 (End)