as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to education finance; creating a permanent source of funding for school
technology purposes; modifying the distribution of permanent school fund
endowment income; amending Minnesota Statutes 2006, section 127A.33; Laws
2007, chapter 146, article 4, section 11; repealing Minnesota Statutes 2006,
section 126C.21, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2006, section 127A.33, is amended to read:
The commissioner shall apportion the school endowment fund semiannually on the
first Monday in March and September in each year, to districts whose schools have been
in session at least nine months. The apportionment shall be deleted text begin in proportion to the number
of pupils in average daily membership during the preceding year. The apportionment
shall not be paid to a district for pupils for whom tuition is received by the districtdeleted text end new text begin made
according to section 2new text end .
Laws 2007, chapter 146, article 4, section 11, is amended to read:
new text begin (a) new text end For fiscal years 2008, and 2009 only, school technology
and operating capital aid equals $40 for fiscal year 2008 and $55 for fiscal year 2009 times
the district's adjusted marginal cost pupil units for that fiscal year. This aid must only be
used for the purposes of Minnesota Statutes, section 126C.10, subdivision 14.
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(b) For fiscal year 2010, a district's school technology revenue equals $60 times the
district's adjusted marginal cost pupil units for that year.
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(c) For each subsequent fiscal year, a district's school technology revenue equals
the adjusted marginal cost pupil units for that year times the revenue allowance for the
previous year times the greater of one or the ratio of permanent school fund endowment
income for the most recent year to the permanent school fund endowment income for
the preceding year.
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The department must annually determine the
school technology tax rate. The school technology tax rate equals the rate that, when
multiplied by each district's adjusted net tax capacity, raises the statewide technology
levy amount for that year. The statewide technology levy amount equals the difference
between the statewide technology revenue amount and the statewide permanent school
fund endowment income amount for that year.
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A school district's school technology levy
equals the technology tax rate for that year times the district's adjusted net tax capacity.
If a school district's technology levy exceeds its technology revenue, the amount of the
technology levy must be limited to the district's technology revenue amount.
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A school district's technology aid equals the difference
between its technology revenue and its technology levy.
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This section is effective for revenue for fiscal years 2008
and later.
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In the next and subsequent editions of Minnesota Statutes, the revisor shall codify
section 2 as Minnesota Statutes, section 127A.325.
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Minnesota Statutes 2006, section 126C.21, subdivision 1,
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is repealed for revenue
for fiscal year 2010.
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