Section 14.11.008. School district participation in grant program.

   (a) In order to receive a grant under this chapter or an appropriation under AS 37.05.560, a district must provide a percentage share of the project cost, as determined under (b) or (c) of this section.  A district shall provide the required participating share within three years after the date that the appropriation bill funding the grant is passed by the legislature.
   (b) The required participating share for a municipal school district is based on the district's full value per average daily membership (ADM), which is calculated by dividing the full and true value of the taxable real and personal property in the district, calculated as described in AS 14.17.510, by the district ADM as defined in AS 14.17.990, for the same fiscal year for which the valuation was made. The municipal district's full value per ADM determines the district's required participating share, as follows: 
                                                                 
   Full Value Per ADM          District Participating Share      
   $1 - $150,000           5 percent                             
   150,001 - 275,000           10 percent                        
   275,001 - 500,000           20 percent                        
   500,001 - 800,000           30 percent                        
   over 800,000           35 percent.                     
   (c) The required participating share for a regional educational attendance area is two percent. The participating share for any district may be satisfied by money from federal, local, or other sources, or with locally contributed labor, material, or equipment.
   (d) If a district with full value per ADM of $200,000 or less can demonstrate in writing that it is unable to provide the required participating share or that the participating share required under this section will jeopardize receipt of federal assistance, the commissioner may waive all or a portion of the required participating share.
   (e) State funds provided under this chapter may not be a source of the participating share required under (b) or (c) of this section.
   (f)   [Repealed, Sec. 11 ch 3 SSSLA 2002].  

Authorities

14.11.100;37.05.560

Notes

Implemented As

4 AAC 31.021

References

4 AAC 31.021
4 AAC 31.083
AS 14.11.100 State aid for costs of school construction debt.
AS 37.05.560 Educational facilities maintenance and construction fund.

History

(Sec. 4 ch 78 SLA 1993; am Sec. 17 ch 83 SLA 1998; am Sec. 1 - 3, 11 ch 3 SSSLA 2002; am Sec. 25 ch 35 SLA 2003; am Sec. 1 ch 107 SLA 2008; am Sec. 3 ch 93 SLA 2010)