North Dakota Century Code Title 15.1. Elementary and Secondary Education § 15.1-27-20.2. Taxable valuation--Impact on state aid

1. If a school district's imputed taxable valuation per student is greater than one hundred fifty percent of the state average imputed taxable valuation per student, the superintendent of public instruction shall:

2. For purposes of this section, “imputed taxable valuation” means the valuation of all taxable real property in the district plus an amount determined by dividing the district's mineral and tuition revenue by sixty percent of the district's general fund mill levy. Beginning July 1, 2008, “imputed taxable valuation” means the valuation of all taxable real property in the district plus an amount determined by dividing seventy percent of the district's mineral and tuition revenue by the district's general fund mill levy.