Minnesota Legislature
HF 1143
as introduced - 91st Legislature (2019 - 2020) Posted on 03/27/2019 01:21pm
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 02/14/2019 |
Current Version - as introduced
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A bill for an act
relating to education finance; increasing state aid for the operating referendum
program; appropriating money; amending Minnesota Statutes 2018, section
126C.17, subdivision 6.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2018, section 126C.17, subdivision 6, is amended to read:
Subd. 6.
Referendum equalization levy.
(a) A district's referendum equalization levy
equals the sum of the first tier referendum equalization levy, the second tier referendum
equalization levy, and the third tier referendum equalization levy.
(b) A district's first tier referendum equalization levy equals the district's first tier
referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident pupil unit to deleted text begin $880,000deleted text end new text begin $920,000new text end .
(c) A district's second tier referendum equalization levy equals the district's second tier
referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident pupil unit to deleted text begin $510,000deleted text end new text begin $740,000new text end .
(d) A district's third tier referendum equalization levy equals the district's third tier
referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident pupil unit to $290,000.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for fiscal year 2021 and later.
new text end
Sec. 2. new text begin APPROPRIATION; GENERAL EDUCATION AID.
new text end
new text begin Subdivision 1. new text end
new text begin Department of Education. new text end
new text begin
The sums indicated in this section are
appropriated from the general fund to the Department of Education in the fiscal year
designated.
new text end
new text begin Subd. 2. new text end
new text begin Additional operating referendum equalization aid. new text end
new text begin
For additional general
education aid for the operating referendum revenue program under Minnesota Statutes,
section 126C.17:
new text end
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2021 new text end |