72-6438. State school district finance fund; sources; use.

72-6438

Chapter 72.--SCHOOLS Article 64.--SCHOOL DISTRICT FINANCE AND QUALITY PERFORMANCE

      72-6438.   State school district finance fund;sources; use.(a) The state school district finance fund, established byK.S.A. 1991 Supp. 72-7081 prior to its repeal by the schooldistrict finance and quality performance act, is herebycontinued in existence and shall consist of (1)all moneys credited to such fund under K.S.A. 72-6418,72-6431, 72-6441 andK.S.A. 2009 Supp.72-6449 and 72-6451, andamendments thereto, and (2) all amounts transferred to such fund.

      (b)   The state school district finance fund shall be used for the purposeof school district finance and for no othergovernmental purpose. It is theintent of the legislature that the fund shall remain intact and inviolate forsuch purpose, and moneys in the fund shall not be subject to the provisions ofK.S.A. 75-3722, 75-3725a and 75-3726a, andamendments thereto.

      (c)   Amounts in the state school district finance fund shall beallocated anddistributed to school districts as a portion of general state aidentitlements provided for under this act.

      History:   L. 1992, ch. 280, § 34;L. 1993, ch. 264, § 13;L. 1997, ch. 41, § 7;L. 2005, ch. 194, § 18; May 19.