(3)__For the 2007 property tax year, the full-value education mill rate is the amount necessary to result in a 47.0% local share in fiscal year 2007-08.

(4)__For the 2008 property tax year, the full-value education mill rate is the amount necessary to result in a 46.0% local share in fiscal year 2008-09.

(5)__For the 2009 property tax year, the full-value education mill rate is the amount necessary to result in a 45.0% local share in fiscal year 2009-10.

3.__Exceeding maximum local cost share expectations; separate article.__Beginning with the 2005-2006 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.

Sec. 12. 20-A MRSA §15672, sub-§23, as enacted by PL 2003, c. 504, Pt. A, §6, is amended to read:

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.

Sec. 13. 20-A MRSA §15673, as enacted by PL 2003, c. 504, Pt. A, §6, is repealed and the following enacted in its place:

§15673.__Relationship to School Finance Act of 1985

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.

Sec. 14. 20-A MRSA §15683, first ¶, as enacted by PL 2003, c. 504, Pt. A, §6, is amended to read: