Sec. 7003. Payments relating to federal acquisition of real property
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/bill/114/s/1177/enr/section-7003·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7002, as redesignated and amended by section 7001 of this Act, is further amended— in subsection (a)(1)(C), by striking the matter preceding clause
(i)and inserting the following: had an assessed value according to original records (including facsimiles or other reproductions of those records) documenting the assessed value of such property (determined as of the time or times when so acquired) prepared by the local officials referred to in subsection (b)(3) or, when such original records are not available due to unintentional destruction (such as natural disaster, fire, flooding, pest infestation, or deterioration due to age), other records, including Federal agency records, local historical records, or other records that the Secretary determines to be appropriate and reliable, aggregating 10 percent or more of the assessed value of— ; in subsection (b)— in paragraph (1)(C) by striking section 8003(b)(1)(C) and inserting section 7003(b)(1)(C) ; in paragraph (3), by striking subparagraph
(B)and inserting the following: In the case of Federal property eligible under this section that is within the boundaries of 2 or more local educational agencies that are eligible under this section, any of such agencies may ask the Secretary to calculate (and the Secretary shall calculate) the taxable value of the eligible Federal property that is within its boundaries by— first calculating the per-acre value of the eligible Federal property separately for each eligible local educational agency that shared the Federal property, as provided in subparagraph (A)(ii); then averaging the resulting per-acre values of the eligible Federal property from each eligible local educational agency that shares the Federal property; and then applying the average per-acre value to determine the total taxable value of the eligible Federal property under subparagraph (A)(iii) for the requesting local educational agency. ; in subsection (e)(2), by adding at the end the following: For each fiscal year beginning on or after the date of enactment of the ; Every Student Succeeds Act , the Secretary shall treat local educational agencies chartered in 1871 having more than 70 percent of the county in Federal ownership as meeting the eligibility requirements of subparagraphs
(A)and
(C)of subsection (a)(1). by striking subsection
(f)and inserting the following: For each fiscal year beginning on or after the date of enactment of the Every Student Succeeds Act , a local educational agency shall be deemed to meet the requirements of subsection (a)(1)(C) if the agency was eligible under paragraph
(1)or
(3)of section 8002(f) as such section was in effect on the day before the date of enactment of the Every Student Succeeds Act. ; by striking subsection
(g)and inserting the following: For fiscal year 2006 and each succeeding fiscal year, if a local educational agency described in paragraph
(2)is formed at any time after 1938 by the consolidation of 2 or more former school districts, the local educational agency may elect to have the Secretary determine its eligibility for assistance under this section for any fiscal year on the basis of 1 or more of those former districts, as designated by the local educational agency. A local educational agency referred to in paragraph
(1)is— any local educational agency that, for fiscal year 1994 or any preceding fiscal year, applied, and was determined to be eligible under, section 2(c) of the Act of September 30, 1950 (Public Law 874, 81st Congress) as that section was in effect for that fiscal year; or a local educational agency— that was formed by the consolidation of 2 or more districts, at least 1 of which was eligible for assistance under this section for the fiscal year preceding the year of the consolidation; and which includes the designation referred to in paragraph
(1)in its application under section 7005 for a fiscal year beginning on or after the date of enactment of the Every Student Succeeds Act or any timely amendment to such application. A local educational agency eligible under paragraph
(1)shall receive a foundation payment as provided for under subparagraphs
(A)and
(B)of subsection (h)(1), except that the foundation payment shall be calculated based on the most recent payment received by the local educational agency based on its status prior to consolidation. ; in subsection (h)(4), by striking For each local educational agency that received a payment under this section for fiscal year 2010 through the fiscal year in which the Impact Aid Improvement Act of 2012 is enacted and inserting For each local educational agency that received a payment under this section for fiscal year 2010 or any succeeding fiscal year ; by repealing subsections
(k)and (m); by redesignating subsection
(l)as subsection (j); in subsection
(j)(as redesignated by paragraph (8)), by striking (h)(4)(B) and inserting (h)(2) ; by redesignating subsection
(n)as subsection (k); and in subsection (k)(1) (as redesignated by paragraph (10)), by striking section 8013(5)(C)(iii) and inserting section 7013(5)(C)(iii) .