(a) The department shall determine the state aid for each school district in a fiscal year on the basis of the district’s student count data reported under Alaska Stat. § 14.17.600. On or before the 15th day of each of the first nine months of each fiscal year, one-twelfth of each district’s state aid shall be distributed on the basis of the data reported for the preceding fiscal year. On or before the 15th day of each of the last three months of each fiscal year, one-third of the balance of each district’s state aid shall be distributed, after the balance has been recomputed on the basis of student count and other data reported for the current fiscal year.
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Terms Used In Alaska Statutes 14.17.610

  • commissioner: means the commissioner of education and early development. See Alaska Statutes 14.60.010
  • department: means the Department of Education and Early Development. See Alaska Statutes 14.60.010
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) Distribution of state aid under (a) of this section shall be made as required under Alaska Stat. § 14.17.410. If a district receives more state aid than it is entitled to receive under this chapter, the district shall immediately remit the amount of overpayment to the commissioner, to be returned to the public education fund. The department may make adjustments to a district’s state aid to correct underpayments made in previous fiscal years.
(c) Upon an adequate showing of a cash flow shortfall of a district, and in the discretion of the commissioner, the department may make advance payments to a district. The total of advance payments may not exceed the amount of state aid for which the district is eligible for the fiscal year.
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