F. If for any fiscal year the total amount appropriated for |
the State's share of the total allocation is less than the |
amount specified in the certified funding level for that year, |
then all subsidizable costs except as noted in subparagraphs |
(1) and (2) are reduced by a percentage of the original cost |
amounts. The reduction percentage is the smallest percentage |
that results in a state share of the total allocation that |
does not exceed the amount appropriated for this purpose, |
except that the reduction percentage that would ordinarily be |
used for operating and program costs must be reduced for the |
purpose of computing state subsidy for transportation |
operating costs as defined in subsection 29. Until fiscal |
year 2000-01, the reduction percentage ordinarily used for |
transportation operating costs must be reduced by the amount |
necessary to provide additional state subsidy equal to |
$4,500,000 for this category of costs. The statewide |
adjustment factor under section 15654, subsection 1, paragraph |
B must be adjusted by an amount sufficient to provide this |
additional funding for program costs. Beginning in fiscal |
year 1999-00, the reduction percentage must be phased out over |
4 years. In fiscal year 1999-00, the reduction percentage for |
program costs other than transportation operating costs must |
be 15.88%. It is the intent of the Legislature that the |
reduction percentage for all program costs and the insured |
value factor be lowered to 9.97% in fiscal year 2000-01, to |
4.98% in fiscal year 2001-02 and to 0% in fiscal year 2002-03. |
Beginning in fiscal year 2000-01, if the appropriation and any |
increase in the mill rate determined by the Legislature to be |
needed under section 15653 are not sufficient to achieve both |
the targeted reduction percentage |