HF 3240

as introduced - 89th Legislature (2015 - 2016) Posted on 03/24/2016 04:38pm

A bill for an act
relating to education finance; modifying the cash flow adjustment for certain
charter schools; amending Minnesota Statutes 2014, section 127A.45,
subdivision 6a.

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

Section 1.

Minnesota Statutes 2014, section 127A.45, subdivision 6a, is amended to
read:

Subd. 6a.

Cash flow adjustment.

The board of directors of any deleted text begin charter school
serving fewer than 200 students where the percent of students eligible for special
education services equals at least 90 percent of the charter school's total enrollment
deleted text end new text begin eligible special education charter school under section 124E.21, subdivision 2, new text end may
request that the commissioner of education accelerate the school's cash flow under this
section. The commissioner must approve a properly submitted request within 30 days of
its receipt. The commissioner must accelerate the school's regular special education aid
payments according to the schedule in the school's request and modify the payments to the
school under subdivision 3 accordingly. A school must not receive current payments of
regular special education aid exceeding 90 percent of its estimated aid entitlement for the
fiscal year. The commissioner must delay the special education aid payments to all other
school districts and charter schools in proportion to each district or charter school's total
share of regular special education aid such that the overall aid payment savings from the
aid payment shift remains unchanged for any fiscal year.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue in fiscal year 2017 and
later.
new text end