(a) The state school district finance fund, established by Kan. Stat. Ann. § 1991 Supp. 72-7081, prior to its repeal, is hereby continued in existence and shall consist of: (1) All moneys credited to such fund under Kan. Stat. Ann. 2017 Supp. 72-6463 through 72-6481, prior to July 1, 2017; and (2) all amounts transferred to such fund under Kan. Stat. Ann. § 72-5136, 72-5142, 72-5143, 72-5158, 72-5159 and 72-5160, and amendments thereto.

(b) The state school district finance fund shall be used for the purpose of school district finance and for no other governmental purpose. It is the intent of the legislature that the fund shall remain intact and inviolate for such purpose, and moneys in the fund shall not be subject to the provisions of Kan. Stat. Ann. §§ 75-3722, 75-3725a and 75-3726a, and amendments thereto.

(c) Amounts in the state school district finance fund shall be allocated and distributed to school districts as a portion of state foundation aid provided for under this act.