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HF 405

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf 
  1.1                          A bill for an act 
  1.2             relating to education funding; creating an equalized 
  1.3             discretionary aid and levy for deferred maintenance 
  1.4             purposes; appropriating money; proposing coding for 
  1.5             new law in Minnesota Statutes, chapter 126C. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [126C.23] [DISCRETIONARY REVENUE.] 
  1.8      Subdivision 1.  [QUALIFYING DISTRICT.] A school district 
  1.9   qualifies for discretionary revenue if the district does not 
  1.10  qualify for the alternative facilities program and if the 
  1.11  average age of the district's facilities is 30 years or more as 
  1.12  calculated using the maintenance cost index under section 
  1.13  126C.10, subdivision 16. 
  1.14     Subd. 2.  [REVENUE.] A qualifying school district's 
  1.15  discretionary revenue is equal to $100 times the district's 
  1.16  resident pupil units for that year. 
  1.17     Subd. 3.  [LEVY.] A school district's discretionary levy is 
  1.18  equal to the district's discretionary revenue times the lesser 
  1.19  of: 
  1.20     (1) 1; or 
  1.21     (2) the ratio of the district's adjusted net tax capacity 
  1.22  per resident pupil unit to $10,000. 
  1.23     Subd. 4.  [AID.] A school district's discretionary aid 
  1.24  equals the difference between its discretionary revenue and its 
  1.25  discretionary levy. 
  2.1      Subd. 5.  [USES.] Discretionary revenue must be used for 
  2.2   facilities maintenance and deferred maintenance needs. 
  2.3      Sec. 2.  [APPROPRIATIONS.] 
  2.4      The sums indicated are appropriated from the general fund 
  2.5   to the commissioner of children, families, and learning in the 
  2.6   fiscal years designated for the purposes of section 1: 
  2.7        $.,...,...     .....     2000 
  2.8        $.,...,...     .....     2001 
  2.9      Sec. 3.  [EFFECTIVE DATE.] 
  2.10     Sections 1 and 2 are effective for revenue for fiscal year 
  2.11  2000 and later.