18A:36A-12 Per pupil payments to charter schools.
12. a. (Deleted by amendment, P.L.2007, c.260).
b.The school district of residence shall pay directly to the charter school for each student enrolled in the charter school who resides in the district an amount equal to 90% of the sum of the budget year equalization aid per pupil and the prebudget year general fund tax levy per pupil inflated by the CPI rate most recent to the calculation. In addition, the school district of residence shall pay directly to the charter school the security categorical aid attributable to the student and a percentage of the district's special education categorical aid equal to the percentage of the district's special education students enrolled in the charter school and, if applicable, 100% of preschool education aid. The district of residence shall also pay directly to the charter school any federal funds attributable to the student.
c.(Deleted by amendment, P.L.2007, c.260).
d.Notwithstanding the provisions of subsection b. of this section, in the case of a student who was not included in the district's projected resident enrollment for the school year, the State shall pay 100% of the amount required pursuant to subsection b. of this section for the first year of the student's enrollment in the charter school.
e.The State shall make payments required pursuant to subsection d. of this section directly to the charter school.
L.1995, c.426, s.12; amended 2000, c.142, s.2; 2007, c.260, s.58.
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Last modified: October 11, 2016