162.202. Consolidation of two or more school districts, tax rate ceiling how calculated. — For purposes of determining the proposed tax rate when two or more school districts are consolidating, the tax rate ceiling of the consolidated district shall be determined by multiplying each district's tax rate ceiling by its total assessed valuation, adding such products and dividing the sum by the combined assessed valuation of the component districts.
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(L. 1992 S.B. 581 § 1)
Effective 4-17-92
---- end of effective 17 Apr 1992 ----
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