Sec. 10-263d. Transitional school district phase-out grants. Reduced grants for first year of eligibility for transitional school district grants.
Sec. 10-263d. Transitional school district phase-out grants. Reduced grants
for first year of eligibility for transitional school district grants. (a) Commencing
with the fiscal year ending June 30, 2002, if a school district that received a transitional
school district grant pursuant to section 10-263c for the prior fiscal year is no longer
eligible to receive such a grant, such school district shall receive a transitional school
district phase-out grant for each of the three fiscal years following the fiscal year such
school district received its final transitional school district grant. The amount of such
phase-out grants shall be determined in accordance with this subsection. (1) For the first
fiscal year following the fiscal year the town received its final transitional school district
grant, in an amount equal to seventy-five per cent of such final grant. (2) For the second
fiscal year following the fiscal year the town received its final transitional school district
grant, in an amount equal to fifty per cent of such final grant. (3) For the third fiscal
year following the fiscal year the town received its final transitional school district grant,
in an amount equal to twenty-five per cent of such final grant.
(b) Commencing with the fiscal year ending June 30, 2002, if a school district that
did not receive a grant pursuant to section 10-276a for the prior fiscal year and was not
eligible to receive a transitional school district grant pursuant to section 10-263c for the
prior fiscal year becomes eligible to receive such a transitional school district grant, the
amount of the grant such town receives for the first year of such eligibility shall be
reduced by fifty per cent.
(P.A. 99-224, S. 7, 9.)
History: P.A. 99-224 effective July 1, 1999.