HF 2315

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to education finance; increasing funding for isolated school districts
with declining enrollment; amending Minnesota Statutes 2006, section 126C.10,
subdivision 1, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2006, 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 isolated schools declining enrollment
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 revenue for fiscal year 2008.
new text end

Sec. 2.

Minnesota Statutes 2006, section 126C.10, is amended by adding a subdivision
to read:

new text begin Subd. 2c. new text end

new text begin Isolated schools declining enrollment revenue. new text end

new text begin (a) A school district that
has 30 percent fewer adjusted marginal cost pupil units or greater than it did in fiscal year
1998 and 80 percent or greater of the land in the school district is exempt from property
taxation is eligible for isolated schools declining enrollment revenue.
new text end

new text begin (b) A district's isolated school declining enrollment revenue equals $1,100 times
the adjusted marginal cost pupil units for the school year.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2008.
new text end