AN ACT relating to school finance.
     Amend KRS 157.360 to require that SEEK funding be provided for limited English proficient students, limit the funding for individual students to those students enrolled in Kentucky schools for two academic years or less; amend KRS 157.370 to provide that, effective with the 2006-2007 school year and thereafter, the aggregate and average daily attendance of transported pupils shall include all public school pupils transported at public expense who live one-half mile or more from school; define equivalent property tax rate and amends KRS 157. 440 to permit local boards of education to levy an equivalent property tax rate up to the maximum of Tier 1 and for purposes of participation in Facilities Support Program of Kentucky (FSPK), subject to recall; equalize permissive tax revenue at 150% of the statewide average; allow districts currently not levying a permissive tax to do so subject to recall; allow continued use of permissive tax revenue to calculate the equivalent tax rate for purposes of equalizing Tier 1 and FSPK, but disallow the use of permissive tax revenue for both the equalization of permissive tax revenue and the continued use to calculate the equivalent tax rate for purposes of equalizing Tier 1 and FSPK; amend KRS 160.470 to conform.

     Mar 1-introduced in House
     Mar 2-to Education (H); reassigned to Appropriations and Revenue (H)