Section 15.1-27-35.3 - Payments to school districts - Unobligated general fund balance1.a. Except as provided in subdivision b, beginning July 1, 2027, the superintendent of public instruction shall determine the amount of payments due to a school district and shall subtract from that the amount by which the unobligated general fund balance of the district on the preceding June thirtieth is in excess of thirty-five percent of its actual expenditures, plus fifty thousand dollars.b. The superintendent of public instruction shall determine the amount of payments due to a school district and shall subtract from that the amount by which the unobligated general fund balance of the district on the preceding June thirtieth is in excess of thirty-five percent of its actual expenditures, plus one hundred thousand dollars if the school district is in a cooperative agreement with another school district to share academic resources, and the school districts are considering reorganization under chapter 15.1-12. An eligible school district may receive payments under this provision for a maximum of two years.2. For purposes of this section, a district's unobligated general fund balance includes all moneys in the district's miscellaneous fund, as established under section 57-15-14.2, but does not include federal impact aid funding.Amended by S.L. 2023 , ch. 196( HB 1238 ), § 1, eff. 8/1/2023.Amended by S.L. 2021 , ch. 144( SB 2165 ), § 2, eff. 4/16/2021.Amended by S.L. 2017 , ch. 148( SB 2321 ), § 1, eff. 7/1/2017.Amended by S.L. 2015 , ch. 137( SB 2031 ), § 14, eff. 7/1/2015.Amended by S.L. 2013 , ch. 13( HB 1013 ), § 66, eff. 7/1/2015.Amended by S.L. 2013 , ch. 13( HB 1013 ), § 38, eff. 7/1/2013.Amended by S.L. 2011 , ch. 147( SB 2150 ), § 28, eff. 7/1/2011.