F. If for any fiscal year the total amount appropriated |
for the State's share of the total allocation is less than |
the amount specified in the certified funding level for |
that year, then all subsidizable costs except as noted in |
subparagraphs (1) and, (2) and (3) are reduced by a |
percentage of the original cost amounts. The reduction |
percentage is the smallest percentage that results in a |
state share of the total allocation that does not exceed |
the amount appropriated for this purpose, except that the |
reduction percentage that would ordinarily be used for |
operating and program costs must be reduced for the |
purpose of computing state subsidy for transportation |
operating costs as defined in subsection 29. Until fiscal |
year 2000-01, the reduction percentage ordinarily used for |
transportation operating costs must be reduced by the |
amount necessary to provide additional state subsidy equal |
to $4,500,000 for this category of costs. The statewide |
adjustment factor under section 15654, subsection 1, |
paragraph B must be adjusted by an amount sufficient to |
provide this additional funding for program costs. |
Beginning in fiscal year 1999-00, the reduction percentage |
must be phased out over 4 years. In fiscal year 1999-00, |
the reduction percentage for program costs other than |
transportation operating costs must be 15.88%. It is the |
intent of the Legislature that the reduction percentage |
for all program costs and the insured value factor be |
lowered to 9.97% in fiscal year 2000-01, to 4.98% in |
fiscal year 2001-02 and to 0% in fiscal year 2002-03. |
Beginning in fiscal year 2000-01, if the appropriation and |
any increase in the mill rate determined by the |
Legislature to be needed under section 15653 are not |
sufficient to achieve both the targeted reduction |
percentage and the targeted per pupil guarantee, as |
defined in section 15653, then the per pupil guarantee |
must advance toward the targeted per pupil guarantee in |
the same proportion as the reduction percentage, as |
defined in this section, is lowered toward the targeted |
reduction percentage. The following subsidizable costs |
may not be reduced: |