1. For the budget year commencing July 1,2016, and succeeding budget years, a school districtshall be eligible for a budget adjustment inan amount equal to the difference between the regular program district cost for the budget year and one hundred one percent of the regular program districtcost for the base year. 2. The board of directors of a school district that wishes to receive a budget adjustment fora budget year pursuant tothis section shall adopt by May 15 of the base year for which the budget adjustment is sought, a resolution to receive the budget adjustment and shall notify the department ofmanagement of theadoption of the resolution and the amountof the budget adjustment to be received. ch 130, §2; 97 Acts, ch 18, §1, 2;99 Acts, ch 2, §3, 4; 2000 Acts, ch 1055, §2, 3; 2001 Acts, ch 126, §9 – 12; 2002 Acts, ch 1050, §59, 65; 2002 Acts, ch 1140, §9, 10, 47; 2004 Acts, ch 1175, §235, 287; 2005 Acts, ch 179, §58; 2008 Acts, ch 1142, §2, 3, 6; 2016 Acts, ch 1036, §4, 5
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