‘Sec. 1. 20-A MRSA §15690, sub-§1, ¶D is enacted to read:
D. Beginning in fiscal year 2011-12, in any fiscal year in which the sum of the State’s contribution toward the cost of the components of essential programs and services, exclusive of federal funds that are provided and accounted for in the cost of the components of essential programs and services, plus any federal stimulus funds applied to the State’s contribution, falls below the State’s target of 55% of the cost of the components of essential programs and services, the commissioner shall calculate the percentage of the State’s 55% share that is funded by state appropriations and federal stimulus funds, and, notwithstanding any other provision of this paragraph, a school administrative unit that raises at least that same percentage of its required local contribution to the total cost of funding public education from kindergarten to grade 12, including state-funded debt service, as the State's contribution plus federal stimulus funds toward its 55% share of the cost of the components of essential programs and services may not have the amount of its state subsidy limited or reduced under paragraph C.
This paragraph is repealed June 30, 2014.
Sec. 2. Waiver; required local contribution. For fiscal year 201011 general purpose aid for local school funding, for those school administrative units that do not raise the required local contribution pursuant to the Maine Revised Statutes, Title 20A, section 15690, there is no proportional reduction to the state share pursuant to Title 20A, section 15690, subsection 1, paragraph C.’