HB 989 2022 CODING: Words stricken are deletions; words underlined are additions. hb0989-00 Page 1 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S A bill to be entitled 1 An act relating to sparsity supplement funds within 2 the Florida Education Finance Program; amending s. 3 1011.62, F.S.; prohibiting a school district with a 4 specified student population from receiving a sparsity 5 wealth adjustment; providing an effective date. 6 7 Be It Enacted by the Legislature of the State of Florida: 8 9 Section 1. Paragraph (d) of subsection (7) of section 10 1011.62, Florida Statutes, is a mended to read: 11 1011.62 Funds for operation of schools. —If the annual 12 allocation from the Florida Education Finance Program to each 13 district for operation of schools is not determined in the 14 annual appropriations act or the substantive bill implementing 15 the annual appropriations act, it shall be determined as 16 follows: 17 (7) DETERMINATION OF SPARSITY SUPPLEMENT. — 18 (d) Each district's allocation of sparsity supplement 19 funds shall be adjusted in the following manner: 20 1. A maximum discretionary levy per FT E value for each 21 district shall be calculated by dividing the value of each 22 district's maximum discretionary levy by its FTE student count. 23 2. A state average discretionary levy value per FTE shall 24 be calculated by dividing the total maximum discretionar y levy 25 HB 989 2022 CODING: Words stricken are deletions; words underlined are additions. hb0989-00 Page 2 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S value for all districts by the state total FTE student count. 26 3. A total potential funds per FTE for each district shall 27 be calculated by dividing the total potential funds, not 28 including Florida School Recognition Program funds and the 29 minimum guarantee funds, for each district by its FTE student 30 count. 31 4. A state average total potential funds per FTE shall be 32 calculated by dividing the total potential funds, not including 33 Florida School Recognition Program funds and the minimum 34 guarantee funds, for all districts by the state total FTE 35 student count. 36 5. For districts that have a levy value per FTE as 37 calculated in subparagraph 1. higher than the state average 38 calculated in subparagraph 2., a sparsity wealth adjustment 39 shall be calculated as the product of the difference between the 40 state average levy value per FTE calculated in subparagraph 2. 41 and the district's levy value per FTE calculated in subparagraph 42 1. and the district's FTE student count and -1. A However, No 43 district may not shall have a sparsity wealth adjustment that, 44 when applied to the total potential funds calculated in 45 subparagraph 3., would cause the district's total potential 46 funds per FTE to be less than the state average calculated in 47 subparagraph 4. A district with a student population of 2,000 or 48 fewer students may not receive a sparsity wealth adjustment. 49 6. Each district's sparsity supplement allocation shall be 50 HB 989 2022 CODING: Words stricken are deletions; words underlined are additions. hb0989-00 Page 3 of 3 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S calculated by adding the amount calculated as specified in 51 paragraphs (a) and (b) and the wealth adjustment amo unt 52 calculated in this paragraph. 53 Section 2. This act shall take effect July 1, 2022. 54