HF 1077

as introduced - 87th Legislature (2011 - 2012) Posted on 03/14/2011 10:28am

A bill for an act
relating to education finance; creating a new component of general education
revenue to support small school districts; amending Minnesota Statutes 2010,
section 126C.10, subdivision 1, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2010, section 126C.10, subdivision 1, is amended to read:

Subdivision 1.

General education revenue.

deleted text begin For fiscal year 2006 and later, deleted text end The
general education revenue for each district equals the sum of the district's basic revenue,
extended time revenue, gifted and talented revenue, new text begin small schools revenue, new text end basic skills
revenue, training and experience revenue, secondary sparsity revenue, elementary sparsity
revenue, transportation sparsity revenue, total operating capital revenue, equity revenue,
alternative teacher compensation revenue, and transition revenue.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for fiscal years 2012 and later.
new text end

Sec. 2.

Minnesota Statutes 2010, section 126C.10, is amended by adding a subdivision
to read:

new text begin Subd. 2c. new text end

new text begin Small schools revenue. new text end

new text begin A school district's small schools revenue equals
the product of:
new text end

new text begin (1) the basic formula allowance for that year;
new text end

new text begin (2) the greater of zero or the ratio of (i) 1,000 less the district's adjusted marginal
cost pupil units for that year, to (ii) 1,000; and
new text end

new text begin (3) 0.1.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal years 2012
and later.
new text end