§ 3602. Apportionment of public moneys to school districts employing\neight or more teachers. Notwithstanding any other provisions of this\nchapter or any other provisions of law, each school district of the\nstate employing eight or more teachers shall receive its apportionment\nof public money payable during the school year commencing July first,\nnineteen hundred ninety-three and during subsequent school years\npursuant to the provisions of this section and in lieu of any\napportionments or payments otherwise payable under any other section of\nthis chapter except any such apportionments or payments that may be\npayable to such district for school lunches, for textbooks, school\nlibrary materials, computer hardware or computer software, for services\nor programs provided by a board of cooperative educational services or\nby a county vocational education and extension board for such district,\nfor the education of Indian children of a reservation under a contract\nwith the state, by virtue of chapter six hundred thirty-five of the laws\nof nineteen hundred sixty-one, for school tax relief aid, or for\nexperimental or special programs in selected school districts, including\nbut not limited to special apportionments and grants-in-aid pursuant to\nsection thirty-six hundred forty-one of this article.\n 1. Definitions. As used in this section the following terms shall be\ndefined as follows:\n a. "Current year" shall mean the school year during which the\napportionment is to be paid pursuant to this section.\n b. "Base year" shall mean the school year immediately preceding the\ncurrent year.\n c. "Actual valuation" shall mean the valuation of taxable real\nproperty in a school district obtained by taking the assessed valuation\nof taxable real property within such district as it appears upon the\nassessment roll of the town, city, village, or county in which such\nproperty is located, for the calendar year two years prior to the\ncalendar year in which the base year commenced, after revision as\nprovided by law, plus any assessed valuation that was exempted from\ntaxation pursuant to the class one reassessment exemption authorized by\nsection four hundred eighty-five-u of the real property tax law or the\nresidential revaluation exemption authorized by section four hundred\neighty-five-v of such law as added by chapter five hundred sixty of the\nlaws of two thousand twenty-one, and dividing it by the state\nequalization rate as determined by the commissioner of taxation and\nfinance, for the assessment roll of such town, city, village, or county\ncompleted during such preceding calendar year. The actual valuation of a\ncentral high school district shall be the sum of such valuations of its\ncomponent districts. Such actual valuation shall include any actual\nvaluation equivalent of payments in lieu of taxes determined pursuant to\nsection four hundred eighty-five of the real property tax law. "Selected\nactual valuation" shall mean the lesser of actual valuation calculated\nfor aid payable in the current year or the two-year average of the\nactual valuation calculated for aid payable in the current year and the\nactual valuation calculated for aid payable in the base year.\n d. "Average daily attendance" shall mean the total number of\nattendance days of pupils in a public school of a school district in\nkindergarten through grade twelve, or equivalent ungraded programs, plus\nthe total number of instruction days for such pupils receiving homebound\ninstruction including pupils receiving remote instruction as defined in\nthe regulations of the commissioner, divided by the number of days the\ndistrict school was in session as provided in this section. The\nattendance of pupils with disabilities attending under the provisions of\nparagraph c of subdivision two of section forty-four hundred one of this\nchapter shall be added to average daily attendance.\n (1) Equivalent attendance shall mean the quotient of the total numbe
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