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I-13.3 - Education Act
Section 723.3
Disposition versions
723.3. (Repealed).
2013, c. 16, s. 187; 2018, c. 52018, c. 5, s. 571.
723.3. For the 2013-2014 fiscal year, a school board that has insufficient fiscal resources as determined under section 475 or 475.1 and that benefited, for the 2012-2013 fiscal year, from an amount applied to the reduction of the school tax under the second paragraph of section 475.2 receives, in addition to the equalization grant determined under section 475 or 475.1, a subsidy corresponding to one half of the amount applied to the reduction of the school tax for the 2012-2013 fiscal year.
From the 2014-2015 fiscal year, a school board whose fiscal resources remain insufficient receives, in addition to the equalization grant determined under section 475 or 475.1, a subsidy corresponding to the amount paid under this section for the preceding fiscal year.
