SECTION 1. Section 2 of chapter 70 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by inserting, in line 35, at the end thereof the definition of “Base aid”, the following clause:-

; provided, however, that nothing in the definition of “Base aid” shall be construed to mean that the amount of base aid, in any fiscal year, shall not drop below the amount of base aid  of the previous fiscal year.

SECTION 2. Section 2 of said chapter 70 of the General Laws, as so appearing, is hereby further amended by striking out, in line 415 to 417, the words “; provided, however, that in no case shall said reduction result in a reduction of net school spending to an amount less than the foundation budget amount”

SECTION 3. Section 2 of said chapter 70 of the General Laws, as so appearing, is hereby further amended by striking out, in line 496 to 501, the words “; and provided further; that for any municipality in which net school spending is greater than the foundation budget, in no case shall the sum of the preliminary local contribution and the base aid and the minimum aide result in a reduction of net school spending to an amount less than the foundation budget amount”

SECTION 4. Section 3 of said chapter 70, as so appearing, is hereby amended by adding, after the second paragraph, the following new sentence:-

No regulation shall be adopted by the board of education that would prohibit a district’s foundation budget funding, in any fiscal year, from dropping below the amount of said district’s foundation budget funding of the previous fiscal year.

SECTION 5. Section 10 of said chapter 70, as so appearing, is hereby amended by inserting, in line 5, after the word “chapter”, the following clause:-

; provided, however, that the amount of aid paid to each district shall accurately reflect the foundation enrollment of the district in any fiscal year, and not be subject to a minimum funding amount reflective of the previous fiscal year.