(2) The product of the high school level per-pupil amount for targeted technology resource funds calculated pursuant of section 15681, subsection 3 multiplied by the grade 9 to 12 portion of the pupil count calculated pursuant to section 15674, subsection 1, paragraph C, subparagraph (1); and

E.__If the school administrative unit is eligible for targeted kindergarten to grade 2 funds pursuant to section 15681, subsection 1, the product of the per-pupil guarantee multiplied by the additional weight for kindergarten to grade 2 calculated pursuant to section 15675, subsection 3.

2. Adjustments.__The base total calculated pursuant to subsection 1 must be adjusted as follows.

A. The base total calculated pursuant to subsection 1 must be reduced by the amount of all funds received by the school administrative unit under Title I of the federal Elementary and Secondary Education Act of 1965, 20 United States Code, Section 6301 et seq. during the most recent fiscal year.

B.__The amount calculated pursuant to paragraph A must be adjusted by the regional adjustment pursuant to section 15682.

C. The amount calculated pursuant to paragraph B must be multiplied by the essential programs and services transition percentage for the appropriate year in accordance with section 15671, subsection 7, paragraph A.

§15684.__School administrative unit contributions to total

operating allocation

1.__School administrative unit's local share percentage.__For each school administrative unit, the commissioner shall annually determine the unit's local share percentage of its total operating allocation.

A.__Except as provided in paragraph B, the local share percentage of the total operating allocation is the product of:

(1)__The school administrative unit's weighted relative property fiscal capacity, determined in accordance with section 15685; and