Mill Levy Sample Clauses

Mill Levy. District No. 1 provides services to residents not received by
Mill Levy. Pursuant to C.R.S. § 22-30.5-118 and C.R.S. § 22-30.5-119, if the District has a planning committee regarding a potential Mill Levy ballot question for the electorate, the District must allow the School to have at least one representative on the District's planning committee. The District must notify the School of the planning committee's meeting schedule. The District shall invite the School to participate in any discussions about submitting a ballot question to authorize additional local revenues (such as a mill levy) at least by June 1 of the election year. Unless the School’s funding needs are included in a ballot question for a Mill Levy Override, the School shall not be entitled to any Mill Levy Override funds, unless expressly permitted by the District. If the School’s funding needs are included in a ballot question for Mill Levy Override or if the District expressly permits the School to receive Mill Levy Override funds, then the District shall pay to the School its proportionate share of the Mill Levy Override Funds for which it is eligible. Proportionate share refers to FTE students; i.e., the District’s total revenue increase resulting directly from the passage of the Mill Levy Override ballot issue, divided by the total number of FTE Students enrolled in both the District and the School as of the then-current school year October count, multiplied by the number of FTE Students enrolled in the School as of the current school year October count. If the School is to receive Mill Levy Override funds, the School agrees to use such funds in accordance with District guidelines. Funds shall be made available to the School on the same schedule that they are made available to other District schools. The additional local revenues that the School receives as a result of inclusion in a district ballot question are in addition to, and do not replace, the moneys the School receives from the District pursuant to C.R.S. § 22-30.5.112 to § 22-30.5- 112.3.
Mill Levy. In the event the mill levy should fail, all salary contracts previously issued may be re- negotiated, if notice is given within ten (10) days of certification of the election.

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