The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. The base revenue control limit for each school district for fiscal year 1980-1981 is computed as follows:
1. Add the amounts in the fiscal year 1979-1980 budget effective May 15, 1980 for general operating and special education.
2. Subtract the following budgeted revenues from the sum obtained in paragraph 1 of this subsection:
(a) Tuition paid for attendance of nonresident pupils.
(b) State assistance as provided in section 15-976.
(c) Special education revenues as provided in section 15-825, subsection D and section 15-1204.
(d) Proceeds from the sale or lease of school property as provided in section 15-1102.
3. Add the increase in the base support level from fiscal year 1979-1980 to fiscal year 1980-1981 to the difference obtained in paragraph 2 of this subsection.
B. The equalization factor for each school district is computed as follows:
1. Divide the sum obtained in subsection A, paragraph 3 of this section by the base support level for fiscal year 1980-1981.
2. Subtract 1.0 from the quotient obtained in paragraph 1 of this subsection to obtain the equalization factor.
C. The revenue variation factor for each fiscal year is as follows:
1. For fiscal year 1981-1982, 0.80.
2. For fiscal year 1982-1983, 0.60.
3. For fiscal year 1983-1984, 0.40.
4. For fiscal year 1984-1985, 0.20.
D. The base revenue control limit for each school district during the five years in which the equalization plan is in operation is computed as follows:
1. Multiply the equalization factor by the revenue variation factor for the applicable year. Beginning with fiscal year 1983-1984 if the resulting product is less than negative 0.08, use negative 0.08 for computation purposes as provided in paragraph 2 of this subsection.
2. Multiply the product obtained in paragraph 1 of this subsection by the base support level for the applicable year.
3. Add the base support level for the applicable year to the product obtained in paragraph 2 of this subsection.
E. For fiscal year 1985-1986 and each fiscal year thereafter, the base revenue control limit equals the base support level for the same fiscal year.