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HF 2245

1st Engrossment - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to education; increasing the basic revenue formula allowance; modifying
general education aid; amending Minnesota Statutes 2006, sections 126C.10,
subdivision 2; 126C.13, subdivision 4.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2006, section 126C.10, subdivision 2, is amended to read:


Subd. 2.

Basic revenue.

new text begin (a) new text end The basic revenue for each district equals the formula
allowance times the adjusted marginal cost pupil units for the school year. The formula
allowance for fiscal year 2005 is $4,601. The formula allowance for fiscal year 2006 is
$4,783. The formula allowance for fiscal year 2007 and subsequent years is $4,974.

new text begin (b) The basic formula allowance in paragraph (a) is increased by $421 for fiscal year
2008 and by $453 for fiscal year 2009 and later. The increase in the formula allowance
under this paragraph applies only for general education basic revenue and does not affect
any other school formula.
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2008.
 new text end

Sec. 2.

Minnesota Statutes 2006, section 126C.13, subdivision 4, is amended to read:


Subd. 4.

General education aid.

deleted text begin (a) For fiscal year 2006, a district's general
education aid is the sum of the following amounts:
 deleted text end

deleted text begin (1) general education revenue, excluding equity revenue, total operating capital, and
transition revenue;
 deleted text end

deleted text begin (2) operating capital aid according to section deleted text begin 126C.10, subdivision 13bdeleted text end ;
 deleted text end

deleted text begin (3) equity aid according to section deleted text begin 126C.10, subdivision 30deleted text end ;
 deleted text end

deleted text begin (4) transition aid according to section deleted text begin 126C.10, subdivision 33deleted text end ;
 deleted text end

deleted text begin (5) shared time aid according to section deleted text begin 126C.01, subdivision 7deleted text end ;
 deleted text end

deleted text begin (6) referendum aid according to section ; and
 deleted text end

deleted text begin (7) online learning aid according to section .
 deleted text end

deleted text begin (b)deleted text end For fiscal year deleted text begin 2007deleted text end new text begin 2008 new text end and later, a district's general education aid is the sum of
the following amounts:

(1) general education revenue, excluding equity revenue, total operating capital
revenue, alternative teacher compensation revenue, and transition revenue;

(2) operating capital aid under section 126C.10, subdivision 13b;

(3) equity aid under section 126C.10, subdivision 30;

(4) alternative teacher compensation aid under section 126C.10, subdivision 36;

(5) transition aid under section 126C.10, subdivision 33;

(6) shared time aid under section 126C.01, subdivision 7;

(7) referendum aid under section 126C.17new text begin , subdivisions 7 and 7anew text end ; and

(8) online learning aid according to section 124D.096.