ND HB1152

Amends section 15.1-27-04.1 of North Dakota Century Code to modify how state foundation aid is calculated and paid to school districts

Changes the percentage used in baseline funding calculations from 75% to 65% for nine categories of revenue including state revenue code 2000, mineral revenue, tuition, payments in lieu of taxes, and leasing revenue

Establishes funding per weighted student unit at $9,646 for both 2017-18 and 2018-19 school years, with adjustments ensuring aid is at least 108% of prior year baseline funding per student unit and does not exceed 140% of baseline

Modifies the state aid calculation to subtract 65% of specified revenues (instead of 75%) and 100% of mobile home taxes, telecommunications tax revenue, and homestead/disabled veterans credit reimbursements

Final state aid amount is determined after subtracting 60 mills multiplied by school district taxable valuation and applicable revenue percentages from the calculated product