EDUCATION – Amends existing law to revise a provision regarding certain distributions from the School Modernization Facilities Fund.

Idaho's S 1156 amends school funding rules to revise how the School Modernization Facilities Fund distributes money to public school districts. It establishes a fixed annual distribution formula based on each district's average daily attendance (for grades K-12) and bond issuance potential, with a minimum $25,000 per district over 10 years and a maximum $40 million per district over the same period. The bill requires the state to distribute up to $1 billion total, prioritizing rural districts and those with unmet needs after initial allocations, while treating the Idaho School for the Deaf and Blind as a school district. This funding mechanism applies only until June 30, 2034.