15-1468. Equalization aid for community
college districts


A. Subject to legislative appropriation, any district that has less than the amount
of primary assessed valuation prescribed in section 15-1402 shall be paid by this state
an amount equal to the following:


1. The difference between the prior year's actual primary assessed valuation of the
district and the amount of primary assessed valuation prescribed in section 15-1402.


2. The actual prior year's primary property tax rate for the district.


3. The difference determined in paragraph 1 multiplied by the lesser of the tax
rate determined in paragraph 2 or one dollar and thirty-seven cents.


B. The equalization aid provided for in subsection A of this section shall be used
for the same purposes specified in section 15-1462 and shall be apportioned to any
qualifying district pursuant to section 15-1467.


C. This section does not apply to provisional community college districts as
prescribed in section 15-1409.