An Act Regarding Insured Value Factor Payments for Public Tuition Students Attending a Private School
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 20-A MRSA §5806, sub-§2, as amended by PL 2009, c. 571, Pt. E, §8, is further amended to read:
2. Maximum allowable tuition. The maximum allowable tuition charged to a school administrative unit by a private school is the rate established under subsection 1 or the state average per public secondary student cost as adjusted, whichever is lower, plus an insured value factor. For school year 2009-2010 only, the maximum allowable tuition rate, prior to the addition of the insured value factor, must be reduced by 2%; the insured value factor must be based on this reduced rate. The insured value factor is computed by dividing 5% of the insured value of school buildings and equipment by the average number of pupils enrolled in the school on October 1st and April 1st of the year immediately before the school year for which the tuition charge is computed. For the 2008-2009 school year only, a school administrative unit is not required to pay an insured value factor greater than 5% of the school's tuition rate per student, unless the legislative body of the school administrative unit votes to authorize its school board to pay a higher insured value factor that is no greater than 10% of the school's tuition rate per student. Beginning in From school year 2009-2010 to school year 2012-2013, a school administrative unit is not required to pay an insured value factor greater than 5% of the school's tuition rate or $500 per student, whichever is less, unless the legislative body of the school administrative unit votes to authorize its school board to pay a higher insured value factor that is no greater than 10% of the school's tuition rate per student. For the 2013-2014 school year, a school administrative unit is not required to pay an insured value factor greater than 6% of the school's tuition rate per student, unless the legislative body of the school administrative unit votes to authorize its school board to pay a higher insured value factor that is not greater than 11% of the school's tuition rate per student. For the 2014-2015 school year, a school administrative unit is not required to pay an insured value factor greater than 8% of the school's tuition rate per student, unless the legislative body of the school administrative unit votes to authorize its school board to pay a higher insured value factor that is not greater than 13% of the school's tuition rate per student. Beginning in school year 2015-2016, a school administrative unit is not required to pay an insured value factor greater than 10% of the school's tuition rate per student, unless the legislative body of the school administrative unit votes to authorize its school board to pay a higher insured value factor that is not greater than 15% of the school's tuition rate per student.
summary
This bill increases the insured value factor portion of the tuition rate that a private school may charge for public tuition students to 6% of the tuition rate in school year 2013-2014, to 8% of the tuition rate in school year 2014-2015 and to 10% of the tuition rate beginning in school year 2015-2016, which was the rate permitted prior to school year 2008-2009.