HF 549

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/01/2021 03:19pm

A bill for an act
relating to education finance; establishing the funding for success incentive aid
program; proposing coding for new law in Minnesota Statutes, chapter 124D.

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

Section 1.

new text begin [124D.701] FUNDING FOR SUCCESS INCENTIVE AID PROGRAM.
new text end

new text begin Subdivision 1. new text end

new text begin Funding for success program establishment. new text end

new text begin The funding for success
program is established to provide outcome-based incentive aid to schools that demonstrate
success through metrics on graduation rates and recent graduate enrollment success rates.
new text end

new text begin Subd. 2. new text end

new text begin Metrics for success. new text end

new text begin (a) "Graduation rate multiplier" is determined by the
percentage above 90 percent of students at a school who meet graduation requirements
under section 120B.02, subdivision 2. Graduation rate data must be measured for the two
preceding academic years. Each percentage point above 90 percent is worth a 0.1 multiplier,
with a 90 percent graduation rate being zero and 100 percent graduation rate being one.
new text end

new text begin (b) "Recent graduate enrollment success rate multiplier" is determined by the percentage
of a school's recent graduates who are enrolled in a public college or university with in-state
tuition status who are not taking any remedial academic courses. Recent graduates are
students who graduated in the two preceding academic years. Recent graduate enrollment
success data must be measured for the two preceding academic years. Each percentage point
above 90 percent is worth a 0.1 multiplier, with a 90 percent recent graduate enrollment
rate without any remedial academic courses being zero and 100 percent graduation rate
being one.
new text end

new text begin Subd. 3. new text end

new text begin Funding for success. new text end

new text begin (a) A school's funding for success incentive aid for fiscal
year 2022 and later equals the ratio of:
new text end

new text begin (1) the product of: (i) the sum of the graduation rate multiplier under subdivision 2,
paragraph (a), plus the recent graduate enrollment success rate multiplier under subdivision
2, paragraph (b); times (ii) the total enrollment of the school; and
new text end

new text begin (2) the total amount of funding for success incentive aid available to all schools.
new text end

new text begin (b) A school that does not meet either metric in subdivision 2 for having a graduation
rate multiplier or recent graduate enrollment success rate multiplier above zero may not
receive any funding for success incentive aid.
new text end

Sec. 2. new text begin APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Department of Education. new text end

new text begin The sum indicated in this section is
appropriated from the general fund to the Department of Education for the fiscal year
designated.
new text end

new text begin Subd. 2. new text end

new text begin Funding for success incentive aid. new text end

new text begin (a) For funding for success incentive aid
under Minnesota Statutes, section 124D.701:
new text end

	new text begin $ new text end	new text begin ....... new text end	new text begin ..... new text end	new text begin 2022 new text end
	new text begin $ new text end	new text begin ....... new text end	new text begin ..... new text end	new text begin 2023 new text end

new text begin (b) The base for fiscal year 2024 is $.......
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for the 2022-2023 school year and later.
new text end