Section 33-915 - [Effective Until 6/30/2034] FIXED DISTRIBUTION - SCHOOL MODERNIZATION FACILITIES FUND(1) The state department of education shall establish a fixed distribution of funds to be made available for voluntary election to each school district subject to the conditions in this section. (a) The distribution shall be calculated in state fiscal year 2025 for each school district, as defined in section 33-1001(21), Idaho Code, that is in operation as of July 1, 2024.(b) The distribution shall be calculated by multiplying the following two (2) factors, both of which shall be based on the most recent data available in the state fiscal year coinciding with the distribution calculation:(i) Calculate the per-pupil amount, using the average daily attendance calculation provided in section 33-1003A, Idaho Code, for each student in kindergarten through grade 12 at physical facilities that are part of and on school grounds of the school district in which the student is enrolled with verification, as needed, by the office of the state board of education. Upon formal approval by the state board of education, a school district may receive an exemption to the physical facility requirement pursuant to this subsection if the student would have attended a physical facility in the school district if not for a stated emergency; and(ii) Calculate, together with the Idaho state building authority, the total amount that a bond issuance would generate, based on the amount established in section 63-3638(19), Idaho Code.(c) In no case shall the amount awarded to any school district be less than twenty-five thousand dollars ($25,000) over the ten (10) year period.(d) In no case shall the amount awarded to any school district with an active charter district maintenance and operation levy pursuant to section 33-802(6), Idaho Code, or a charter district supplemental maintenance and operation levy pursuant to section 33-802(4), Idaho Code, exceed forty million dollars ($40,000,000) over the ten (10) year period. Excess funds shall be distributed proportionately according to the factors established in paragraph (b) of this subsection to remaining school districts that received initial allocations below forty million dollars ($40,000,000). Any districts receiving reallocations under this paragraph shall not exceed forty million dollars ($40,000,000).(e) For the purposes of this section, the Idaho school for the deaf and the blind shall be considered a school district and shall receive a distribution based on the average daily attendance of the school.(2) The provisions of this section shall be null, void, and of no force and effect on and after June 30, 2034.Added by 2024 Session Laws, ch. 237,sec. 17, eff. 7/1/2024.