Sec 15-908. Revenue control limit for school district after consolidation

A resulting school district after consolidation of a school district and unorganized territory or areas within another school district as provided in section 15-459, subsection H or section 15-460, subsection A shall compute its allowable revenue control limit for the first budget year as follows:

1. Divide the allowable revenue control limit for the budget year of the school district prior to consolidation by the student count for the school district for the budget year.

2. Multiply the quotient obtained in paragraph 1 of this section by the student count of the resulting school district for the budget year. The product is the revenue control limit of the resulting school district in the first budget year.

3. The student count used for unorganized territory is the student count of pupils who resided in the unorganized territory prior to consolidation.