(2)__The expenditures for the insured value factor for the base year;

(3)__The level of lease payments and lease-purchase payments pursuant to section 15672, subsection 2-A for the year prior to the allocation year; and

(4)__Funds allocated by the state board for new school construction projects funded in the current fiscal year;

C.__The requested funding levels for adjustments under section 15689, which must be computed by estimating costs for the allocation year; and

D.__The requested funding levels for miscellaneous costs under section 15689-A.

3.__Guidelines for updating other subsidizable costs.__The commissioner's recommendation for updating percentages to bring base year actual costs to the equivalent of one-year-old costs may not exceed the average of the 2 most recent percentages of annual increase in the Consumer Price Index.

§15689-D.__Governor's recommendation for funding levels

The Department of Administrative and Financial Services, Bureau of the Budget shall annually certify to the Legislature the funding levels that the Governor recommends under sections 15683, 15683-A, 15689 and 15689-A.__The Governor's recommendations must be transmitted to the Legislature within the time schedules set forth in Title 5, section 1666.

§15689-E.__Actions by Legislature

The Legislature shall annually, prior to March 15th, enact legislation to:

1.__Appropriation for state share of adjustments, debt service and operating; single account.__Appropriate the necessary funds for the State's share for general purpose aid for local schools with a separate amount for each of the following components:

A.__Adjustments and miscellaneous costs described in sections 15689 and 15689-A, including an appropriation for special education pupils placed directly by the State, for: