The Department of Education must decrease state aid to general education funding to the school district in the following fiscal year by five hundred dollars for each full-time equivalent teacher employed in the school district if:

1. (1) The school district does not increase the school district's average teacher compensation in accordance with § 13-13-73.6; or
2. (2) The school district does not pay each full-time equivalent teacher a salary at least equal to the state minimum salary as defined in § 13-13-73.8.

Source: SL 2024, ch 53 , § 5; SL 2026, ch 15 , § 3.