(1) Notwithstanding the provisions of Section 37-151-211(3), the state share in support of the funding formula for a school district or charter school for fiscal year 2025, fiscal year 2026 and fiscal year 2027 may not be less than an amount equal to the sum of all state funds received by that school district or charter school for fiscal year 2024, as follows: (a) Funds distributed under the Mississippi Adequate Education Program;(b) Funds distributed by the State Department of Education for the purpose of paying teachers' salaries according to the teacher salary schedule prescribed in Section 37-19-7 and assistant teachers, as prescribed in Section 37-21-7 for the 2023-2024 school year; and(c) Funds distributed by and based on net enrollment or the total number of students enrolled for each day in each public school district or charter school, divided by the total number of school days, and allowable to be spent on any expenditures necessary to operate a public school district or charter school, excluding salary increases for superintendents, assistant superintendents or principals.(2) This section shall stand repealed on July 1, 2027.Added by Laws, 2024, ch. hool district or charter school, excluding salary increases for superintendents, assistant superintendents or principals.(2) This section shall stand repealed on July 1, 2027.Added by Laws, 2024, ch. 484, HB 4130,§ 9, eff. 7/1/2024.
Mississippi Legal Code