Alabama · FND.4

Public School Fund Guaranteed Tax Yield Formula

Statutory

Descriptive

Active

Public School Fund capital allocations are distributed using a guaranteed tax yield formula that considers district property wealth and average daily membership.

State: Alabama
Topic: FND.4 State / Local Cost Sharing
Applies to: Applies to allocation of Public School Fund capital support among Alabama public school districts.
Trigger: Calculation of PSF capital allocations.
Conditions: The allocation methodology takes local property wealth and average daily membership into account.
Responsible actors: Alabama State Department of Education

Evidence & sources

NCSI profile: Alabama State Profile (2025), printed p. 27
Legal sources: Ala. Code § 16-13-234 — Alabama Code Section 16-13-234 (Statute / Code, primary)
Ala. Admin. Code r. 290-2-1-.04 — Alabama Administrative Code Rule 290-2-1-.04 (Administrative Rule)
Verification: Profile Only

Prototype research tool. Records are normalized from NCSI state profiles and have not been verified against current statutes or regulations. This is not legal advice — consult primary legal sources for current requirements.