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PI 24.03(4)(b)(b) An eligible school that has an increase in enrollment of 25 percent or more between the third Friday in September of the previous school year and the third Friday in September of the current school year may report to the department the number of low-income pupils eligible for funding in the eligible school on the third Friday in September of the current school year. When a report is made under this paragraph, the department may use the number provided under this paragraph in the aid calculation under sub. (1).
PI 24.03 NoteNote: SAGE ENT, the SAGE low-income report form, and AGR ENT, the Achievement Gap Reduction low-income report form, may be obtained at no charge from the Department of Public Instruction, P.O. Box 7841, Madison, WI 53707-7841 or online at https://dpi.wi.gov/sage/forms.
PI 24.03 HistoryHistory: Cr. Register, July, 2000, No. 535, eff. 8-1-00; emerg. r. and recr. eff. 12-20-04; CR 04-129: r. and recr. Register June 2005 No. 594, eff. 7-1-05; CR 16-038: renum. (1) (a) 1. to (1) and am., r. (1) (a) 2., 3., (b), (c), am. (2) (title), cr. (2m), consol. (3) (intro.) and (a) and renum. to (3) and am., r. (3) (b), (c) Register October 2017 No. 742, eff. 11-1-17; CR 22-006: r. (3), cr. (4) Register July 2022 No. 799, eff. 8-1-22.
subch. III of ch. PI 24Subchapter III — State Aid For Debt Service
PI 24.05PI 24.05Purpose. Under s. 118.43 (8), Stats., beginning in the 2000-01 school year, a school district under s. PI 24.06 is eligible for an aid payment equal to 20% of the district’s annual debt service on bonds approved by referendum prior to June 30, 2001 where a portion of the bond proceeds is to be used to fulfill a contract under s. 118.43, Stats. This subchapter sets forth criteria and procedures for awarding state aid for SAGE related debt service.
PI 24.05 HistoryHistory: Cr. Register, July, 2000, No. 535, eff. 8-1-00.
PI 24.06PI 24.06Eligible applicants and program requirements.
PI 24.06(1)(1)A school district other than a school district under ch. 119, Stats., shall meet all of the following requirements to receive an amount equal to 20% of the annual SAGE related debt service cost on bonds:
PI 24.06(1)(a)(a) On or after October 29, 1999, the school board shall adopt an initial resolution under s. 67.05 (6a), Stats., for issuance of bonds where the purpose for borrowing includes providing funds for classroom expansion necessary to fulfill a contract under s. 118.43, Stats. The school board shall submit a copy of the resolution to the department as required under s. 120.115 (1) (a), Stats. The resolution shall include all of the following:
PI 24.06(1)(a)1.1. The total amount to be borrowed.
PI 24.06(1)(a)2.2. The amount of borrowing proceeds that will be used for SAGE classroom expansion.
PI 24.06(1)(b)(b) A copy of the resolution submitted under par. (a) shall be accompanied by a statement signed by the school board president and school board clerk on a form provided by the department identifying the amount of the bond proceeds that are required for SAGE classroom expansion by construction or renovation and the related furnishing and equipping of the classroom. The department shall approve or disapprove the amount identified as being necessary to fulfill a contract under s. 118.43, Stats. Before making a decision regarding approval or disapproval of the amount, the department may require the district to furnish additional documentation from a 3rd party as to the reasonableness of the amount identified for SAGE purposes. The department shall issue a decision in writing to the school district after receiving all requested information within 10 working days of receipt of the information.
PI 24.06 NoteNote: PI-7205 SAGE Classroom Expansion, Application for State Aid, may be obtained at no charge from the Department of Public Instruction, P. O. Box 7841, Madison, WI 53707-7841.
PI 24.06(1)(c)(c) Within 10 days after holding the referendum authorizing the school district to incur debt on the initial resolution, the school board shall notify the department of the approval or rejection of the referendum as required under s. 120.115 (1) (b), Stats.
PI 24.06(1)(d)(d) Within 10 days after adopting or revising a schedule for the payment of debt service under this subchapter, the school board shall submit the schedule to the department.
PI 24.06(2)(2)If an initial resolution was adopted on or after October 29, 1999 but did not meet the requirements under sub. (1), the school board may adopt a supplemental resolution prior to the referendum election to amend the initial resolution to fulfill the requirements of sub. (1) and of s. 67.05 (6a), Stats.
PI 24.06(3)(3)A school board shall hold a referendum before June 30, 2001, in order to receive aid under this subchapter.
PI 24.06 HistoryHistory: Cr. Register, July, 2000, No. 535, eff. 8-1-00.
PI 24.07PI 24.07Payment of debt aid.
PI 24.07(1)(1)The department shall make an aid payment on a current fiscal year basis to the district in an amount equal to 20% of the SAGE portion of the debt service payment, excluding any payments required on bond anticipation notes. The department shall develop a proration formula if adequate funds are not available by dividing the SAGE portion of the district’s annual debt service payment by the sum total of the SAGE portion of all participating SAGE school district’s annual debt service payments and multiplying the result by the appropriation under s. 20.255 (2) (cs), Stats.
PI 24.07(2)(2)The department shall calculate the SAGE portion of debt payment as the percentage of the original amount approved for SAGE purposes under s. PI 24.06 (1) (a) 2. to the total amount borrowed under s. PI 24.06 (1) (a) 1., multiplied by the annual debt service payment.
PI 24.07(3)(3)The department may not pay aid to school districts under this subchapter for SAGE related school district referenda held on or after June 30, 2001.
PI 24.07(4)(4)The department may not pay aid to school districts under this subchapter if the school district does not comply with the requirements under this subchapter.
PI 24.07(5)(5)The school district shall certify to the department annually, on a form provided by the department, all of the following:
PI 24.07(5)(a)(a) Debt service payments eligible for aid under this subchapter for the current fiscal year.
PI 24.07(5)(b)(b) The amount identified under s. PI 24.06 (1) (a) 2. was expended for SAGE classroom expansion purposes and no other purpose. No annual aid payment shall be made to the school district until the department receives this certification. The school board president and school board clerk shall sign this attestation.
PI 24.07(5)(c)(c) The contract under subch. II has not been terminated for the building for which the debt service is being paid.
PI 24.07 NoteNote: PI-7206 SAGE Classroom Expansion, State Aid Claim, may be obtained at no charge from the Department of Public Instruction, P. O. Box 7841, Madison, WI 53707-7841.
PI 24.07(6)(6)The school district under this subchapter shall record payments received as revenue in the district’s general fund.
PI 24.07 HistoryHistory: Cr. Register, July, 2000, No. 535, eff. 8-1-00.
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Published under s. 35.93, Stats. Updated on the first day of each month. Entire code is always current. The Register date on each page is the date the chapter was last published.