33-905. SCHOOL DISTRICT BUILDING ACCOUNT — PAYMENTS TO ACCOUNT — MONEYS APPROPRIATED TO STATE BOARD — APPLICATION FOR MONEYS — PAYMENTS TO DISTRICTS — REPORTS ON APPLICATIONS — USES OF MONEYS. (1) The state of Idaho, in order to fulfill its responsibility to establish and maintain a general, uniform and thorough system of public, free common schools, hereby creates and establishes the school district building account in the state treasury. The school district building account shall have paid into it such appropriations or revenues as may be provided by law.

(2) By not later than August 31, moneys in the account pursuant to distribution from section 67-7434, Idaho Code, the lottery dividends and interest earned thereon, shall be distributed to each of the several school districts, in the proportion that the average daily attendance of that district for the previous school year bears to the total average daily attendance of the state during the previous school year. For the purposes of this subsection (2) only, the Idaho school for the deaf and the blind shall be considered a school district, and shall receive a distribution based upon the average daily attendance of the school. Average daily attendance shall be calculated as provided in section 33-1002(3), Idaho Code. For the purposes of this subsection (2) only, any school for the deaf and the blind operated by the Idaho bureau of educational services for the deaf and the blind shall be considered a school district, and shall receive a distribution based upon the average daily attendance of the school.

(3) Any other state moneys that may be made available shall be distributed to meet the requirements of section 33-1019, Idaho Code. If the amount of such funds exceeds the amount needed to meet the provisions of section 33-1019, Idaho Code, then the excess balance shall be transferred to the public education stabilization fund.

(4) All payments from the school district building account shall be paid out directly to the school district in warrants drawn by the state controller upon presentation of proper vouchers from the state board of education. Pending payments out of the school district building account, the moneys in the account shall be invested by the state treasurer in the same manner as provided under section 67-1210, Idaho Code, with respect to other idle moneys in the state treasury. Interest earned on the investments shall be returned to the school district building account.

(5) Payments from the school district building account received by a school district shall be used by the school district for the purposes authorized in section 33-1019, Idaho Code, up to the level of the state match so required. Any payments from the school district building account received by a school district that are in excess of the state match requirements of section 33-1019, Idaho Code, may be used by the school district for the purposes authorized in section 33-1102, Idaho Code.

History:

[33-905, added 1977, ch. 67, sec. 1, p. 128; am. 1988, ch. 251, sec. 1, p. 484; am. 1989, ch. 123, sec. 1, p. 271; am. 1990, ch. 377, secs. 2, 5, p. 1042; am. 1991, ch. 110, sec. 2, p. 236; am. 1994, ch. 180, sec. 45, p. 457; am. 1994, ch. 345, sec. 1, p. 1088; am. 1996, ch. 121, sec. 1, p. 435; am. 1998, ch. 41, sec. 1, p. 174; am. 2006, ch. 311, sec. 3, p. 959; am. 2006, 1st Ex. Sess., ch. 1, sec. 6, p. 46; am. 2009, ch. 168, sec. 2, p. 502.]