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) The school district does not increase the school district's average teacher compensation in accordance with § 13-13-73.6 ; or (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 . A school district may request a waiver from any penalty imposed under this section from the School Finance Accountability Board.
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