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full-value education mill rate must decline over the period | from fiscal year 2005-06 to fiscal year 2009-2010 and may not | exceed 9.0 mills in fiscal year 2005-06 and may not exceed 8.0 | mills in fiscal year 2009-10.__The full-value education mill | rate must be applied according to section 15688, subsection 3, | paragraph A to determine a municipality's local cost share | expectation. |
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| | 3.__Exceeding maximum local cost share expectations; separate | article.__Beginning with the 2009-2010 school budget, the | legislative body of a school administrative unit may adopt | property tax rates that exceed the local cost share expectation | established by section 15688, subsection 3, paragraph A if that | action is approved in a separate article by a vote of the school | administrative unit's legislative body through the same process | that the school budget is approved in that school administrative | unit. |
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| | Sec. 9. 20-A MRSA §15672, sub-§23, as enacted by PL 2003, c. 504, Pt. | A, §6, is amended to read: |
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| | 23. Property fiscal capacity. "Property fiscal capacity" | means the lesser of the average of the certified state valuation | amounts amount for the 3 most recent years year prior to the year | of funding and the state valuation amount for the most recent | year recently certified state valuation. |
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| | Sec. 10. 20-A MRSA §15673, as enacted by PL 2003, c. 504, Pt. A, §6, | is repealed and the following enacted in its place: |
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| §15673.__Relationship to School Finance Act of 1985 |
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| | The provisions of chapter 606 apply for the purposes of | calculating the total allocations for program costs and debt | service and for the purposes of calculating adjustments under | section 15612 and miscellaneous reimbursements and subsidy under | section 15613. |
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| | Sec. 11. 20-A MRSA §15683, first ¶, as enacted by PL 2003, c. 504, Pt. | A, §6, is amended to read: |
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| | For each school administrative unit, that unit's total | operating allocation is the base total set forth in subsection 1 | as adjusted in accordance with subsection 2 and including the | total amount for subsection 3. |
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| | Sec. 12. 20-A MRSA §15683, sub-§3 is enacted to read: |
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| | 3.__Transportation operating costs.__Transportation operating | costs as defined in section 15603, subsection 29 must |
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