If in any given fiscal year the Council finds that full funding of the Formula from local revenues is inconsistent with legal requirements for a balanced budget, the following shall apply:

1. (1) The Council shall reduce the foundation level accordingly, and set a schedule for achieving or restoring full funding, however, funding shall not be less than 95% of the previous fiscal year’s funding; and
2. (2) The Mayor, Council, Superintendent/CEO, and Board of Education shall use their best efforts to obtain temporary supplemental funding from other revenue sources.

History

Mar. 26, 1999, D.C. Law 12-207, § 111, 45 DCR 8095

Mar. 2, 2007, D.C. Law 16-192, § 4002(h), 53 DCR 6899

Emergency Legislation

For temporary (90 day) amendment of section, see § 4002(h) of Fiscal Year 2007 Budget Support Congressional Review Emergency Act of 2007 (D.C. Act 17-1, January 16, 2007, 54 DCR 1165).

For temporary (90 day) amendment of section, see § 4002(h) of Fiscal Year 2007 Budget Support Congressional Review Emergency Act of 2006 (D.C. Act 16-499, October 23, 2006, 53 DCR 8845).

For temporary (90 day) amendment of section, see § 4002(h) of Fiscal Year 2007 Budget Support Emergency Act of 2006 (D.C. Act 16-477, August 8, 2006, 53 DCR 7068).

For temporary addition of chapter, see note to § 38-2901.

Temporary Legislation

See Historical and Statutory Notes following § 38-2901.

Effect of Amendments

D.C. Law 16-192 rewrote par. (2) which had read as follows: “(2) The Mayor, Council, Superintendent/CEO, Board of Education and the Emergency Transitional Education Board of Trustees shall use their best efforts to obtain temporary supplemental funding from other revenue sources.”

Prior Codifications

1981 Ed., § 31-2910.

Section References

This section is referenced in § 38-2903.