LD 1799
pg. 4
Page 3 of 4 An Act Regarding the School Funding Formula LD 1799 Title Page
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LR 365
Item 1

 
index. The cost-adjustment model must be updated every 3 years.
The Department of Education shall develop a regional education
cost-adjustment model based on a public education price index and
this new regionalized cost-adjustment model will replace the
National Chamber of Commerce model beginning in fiscal year 2000-
01.

 
4. It provides a $25,000 General Fund appropriation to the
Department of Education to develop a regional education cost-
adjustment model based on a public education price index.

 
5. It provides a $29,493,680 General Fund appropriation to
the Department of Education to fully fund actual local program
costs in the school funding formula.


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