Sec. 10. Per pupil guarantee and statewide factor. The per pupil guarantee for the 2003-04 fiscal year is $4,816 in accordance with the Maine Revised Statutes, Title 20-A, section 15653, subsection 1. The Department of Education shall calculate the statewide factor required for fiscal year 2003-04 after the Legislature determines the amount of general funds to be appropriated for the general purpose aid for local schools program pursuant to Title 20-A, chapters 606 and 606-A.

Sec. 11. Foundation subsidy indexes. This section establishes the mill rates pursuant to the Maine Revised Statutes, Title 20-A, chapter 606 for the 2003-04 fiscal year as follows: operating cost millage is determined by the Department of Education; and the program millage limit is 1.45 mills.

Sec. 12. Foundation reduction percentage. The program cost reduction percentage is 0%.

Sec. 13. Debt service reduction percentage. The Department of Education shall determine the reduction percentage for the insured value factor for fiscal year 2003-04 pursuant to the Maine Revised Statutes, Title 20-A, chapter 606.

Sec. 14. Debt service appropriation. The Department of Education shall calculate the debt service appropriation level to be provided for the general purpose aid for local schools program for the fiscal year beginning July 1, 2003 and ending June 30, 2004 pursuant to the Maine Revised Statutes, Title 20-A, chapter 606.

Sec. 15. Adjustments and miscellaneous costs allocation; geographic isolation; out-of- district placements. The adjustments and miscellaneous costs allocation of state funds for fiscal year 2003-04 for the cost of geographic isolation adjustments and the out-of-district placements adjustments under the General Purpose Aid for Local Schools program listed in this section is as follows:

2003-04

TOTAL

Adjustments and Miscellaneous Costs

Cost of Geographic Isolation Adjustments $1,792,317

Out-of-district Placements 3,788,679