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HF 720

as introduced - 89th Legislature (2015 - 2016) Posted on 02/09/2015 02:09pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 02/09/2015

Current Version - as introduced

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A bill for an act
 relating to education finance; repealing the student achievement levy; amending
Minnesota Statutes 2014, section 126C.13, subdivision 4; repealing Minnesota
Statutes 2014, section 126C.13, subdivisions 3a, 3b, 3c.

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

Section 1.

Minnesota Statutes 2014, section 126C.13, subdivision 4, is amended to read:


Subd. 4.

General education aid.

deleted text begin (a) For fiscal years 2013 and 2014 only, 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
revenue, alternative teacher compensation revenue, and transition revenue;
 deleted text end

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

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

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

deleted text begin (5) transition aid under section 126C.10, subdivision 33;
 deleted text end

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

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

deleted text begin (8) online learning aid according to section 124D.096.
 deleted text end

deleted text begin (b) For fiscal year 2015 and later,deleted text end A district's general education aid equals:

(1) general education revenue, excluding operating capital revenue, equity revenue,
local optional revenue, and transition revenuedeleted text begin , minus the student achievement levy,
multiplied times the ratio of the actual amount of student achievement levy levied to the
permitted student achievement levydeleted text end ; plus

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

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

(4) shared time aid under section 126C.10, subdivision 7; plus

(5) referendum aid under section 126C.17, subdivisions 7 and 7a; plus

(6) online learning aid under section 124D.096; plus

(7) local optional aid according to section 126C.10, subdivision 2d, paragraph (d).

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for state aid for fiscal year 2017
and later.
 new text end

Sec. 2. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2014, section 126C.13, subdivisions 3a, 3b, and 3c, new text end new text begin are repealed
for taxes payable in 2016 and later.
 new text end