MT HB846

School districts educating "isolated pupils" (students with 60+ minute travel times to their resident district) may petition for reconciliation payments from the pupil's resident district, if that district has at least $100 million taxable value and 1.5 times greater taxable value per-ANB than the attending district

Reconciliation payments are calculated based on the number of isolated pupils, the resident district's mill value per-ANB, and the attending district's operational levy mills, with half due by December 31 and the remainder by June 15

When territory transfers between school districts, the taxable value of transferred property is split equally between both districts for 3 years following the transfer

School districts with 5% or more isolated pupils must establish advisory councils with a majority of members being parents or guardians of isolated pupils to provide input on educational matters

The waiting period to re-file a territory transfer petition is reduced from 4 years to 1 full fiscal year, and the bill removes special provisions for K-12 district transfers and 2004-2008 consolidated districts