2025 Session Last amended: 2011 session

§ 127A.33 — School Endowment Fund; Apportionment

Plain-Language Summary

This section tells the commissioner how to distribute the school endowment fund to school districts. The money is distributed twice a year, in March and September, to districts whose schools have been in session at least nine months. Each district receives a share proportional to its average daily membership.

Practical Notes
School districts must operate for at least nine months to receive their share of the school endowment fund. Districts get more money if they have more students. The distribution is based on the prior year’s average daily membership, so current enrollment data matters for future funding.