13-42-46.   (Section effective upon approval of SL 2012, ch 102 to be submitted to the voters at the November 6, 2012 election) Number of eligible positions--Distribution of funds to school districts. No later than May first of each year, at the same time that foundation program state aid is distributed to a school district pursuant to §§ 13-13-10.1 to 13-13-41, inclusive, the secretary of the Department of Education shall inform each school district of the number of eligible positions in that district for the current school year, based on the calculation in § 13-42-45, and distribute to each school district five thousand seven hundred dollars per eligible position. These funds shall be distributed in lump sum payments. The school district shall retain these funds until distribution pursuant to § 13-42-47.

Source: SL 2012, ch 102, § 20.

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