Sec. 1. 20-A MRSA §15603, sub-§11-A, as enacted by PL 1993, c. 410, Pt. F, §13, is amended to read:

11-A. Fiscal capacity. "Fiscal capacity" means the ability of a municipality to raise property tax revenues. For each year of funding, fiscal capacity is measured as the average of the state valuation amounts for the 2 most recent years prior to the year of funding. For fiscal year 1993-94 and fiscal year 1994-95 only, if the most recent state valuation amount is less than the average of the 2 most recent state valuation amounts, the fiscal capacity of the municipality is considered to be the state valuation for the most recent year. Beginning in fiscal year 2005-06, "fiscal capacity" means the certified state valuation for the year prior to the most recently certified state valuation. The fiscal capacity of a school administrative district or a community school district is the sum of the fiscal capacity amounts of its member municipalities.

Sec. 2. 20-A MRSA §15603, sub-§26-A, ¶B, as enacted by PL 1993, c. 410, Pt. F, §15, is amended to read:

B. "Actual local program costs" includes the following:

(1) Bus purchase costs as defined in subsection 7;

(2) Early childhood educational program costs as defined in subsection 10;

(3) Special education costs as defined in subsection 22;

(4) Transportation operating costs as defined in subsection 29.__This subparagraph is repealed July 1, 2005; and

(5) Vocational education costs as defined in subsection 30.

Sec. 3. 20-A MRSA §15609, sub-§2 is enacted to read:

2.__Repeal.__This section is repealed July 1, 2005.

Sec. 4. 20-A MRSA §15610, sub-§2 is enacted to read:

2.__Repeal.__This section is repealed July 1, 2005.

Sec. 5. 20-A MRSA §15611, sub-§3 is enacted to read: