(1) Total distributions from the student achievement fund to each school district shall be based upon the average number of full-time equivalent students in the school district during the previous school year as reported to the office of the superintendent of public instruction by August 31st of the previous school year. The superintendent of public instruction shall ensure that moneys generated by skill center students are returned to skill centers.

     (2) The allocation rate per full-time equivalent student shall be three hundred dollars in the 2005-06 school year, three hundred seventy-five dollars in the 2006-07 school year, and four hundred fifty dollars in the 2007-08 school year. For each subsequent school year, the amount allocated per full-time equivalent student shall be adjusted for inflation as defined in *RCW 43.135.025(8). These allocations per full-time equivalent student from the student achievement fund shall be supported from the following sources:

     (a) Distributions from state property tax proceeds deposited into the student achievement fund under RCW 84.52.068; and

     (b) Distributions from the education legacy trust account created in RCW 83.100.230.

     (3) Any funds deposited in the student achievement fund under RCW 43.135.045 shall be allocated to school districts on a one-time basis using a rate per full-time equivalent student. These funds are provided in addition to any amounts allocated in subsection (2) of this section.

     (4) The school district annual amounts as defined in subsection (2) of this section shall be distributed on the monthly apportionment schedule as defined in RCW 28A.510.250.

[2008 c 170 § 401; 2005 c 514 § 1103.]

NOTES:

     *Reviser's note: RCW 43.135.025 was amended by 2005 c 72 § 4 deleting subsection (8).

     Effective date -- 2008 c 170 § 401: "Section 401 of this act takes effect September 1, 2008." [2008 c 170 § 409.]

     Findings -- Intent -- Part headings not law -- 2008 c 170: See RCW 28A.700.005 and 28A.700.901.

     Effective date -- 2005 c 514: See note following RCW 83.100.230.

     Part headings not law -- Severability -- 2005 c 514: See notes following RCW 82.12.808.