HF 3507

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/04/2024 04:31pm

A bill for an act
relating to education finance; establishing general education disparity aid;
appropriating money; proposing coding for new law in Minnesota Statutes, chapter
126C.

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

Section 1.

new text begin [126C.127] GENERAL EDUCATION DISPARITY AID.
new text end

new text begin (a) A school district's general education disparity aid allowance equals 0.37 times the
greater of:
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new text begin (1) zero; or
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new text begin (2) the difference between:
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new text begin (i) the amount of general education revenue per adjusted pupil unit under section 126C.10
for the district at or immediately below the 20th percentile of districts; and
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new text begin (ii) the amount of general education revenue per adjusted pupil unit under section 126C.10
for the district.
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new text begin (b) For fiscal year 2025 and later, a district's general education disparity aid equals its
general education disparity aid allowance times the adjusted pupil units.
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new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue in fiscal year 2025 and later.
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Sec. 2. new text begin APPROPRIATION; GENERAL EDUCATION DISPARITY AID.
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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 in the fiscal year
designated.
new text end

new text begin Subd. 2. new text end

new text begin General education disparity aid. new text end

new text begin For general education disparity aid under
Minnesota Statutes, section 126C.127:
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new text begin $ new text end

new text begin ....... new text end

new text begin ..... new text end

new text begin 2025 new text end