Minnesota Legislature
HF 855
as introduced - 89th Legislature (2015 - 2016) Posted on 02/12/2015 02:33pm
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A bill for an act
relating to education finance; modifying certain general education revenue
provisions; amending Minnesota Statutes 2014, section 126C.10, subdivision 1,
by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2014, section 126C.10, subdivision 1, is amended to read:
Subdivision 1.
General education revenue.
(a) For fiscal years 2013 and 2014, the
general education revenue for each district equals the sum of the district's basic revenue,
extended time revenue, gifted and talented revenue, small schools revenue, basic skills
revenue, secondary sparsity revenue, elementary sparsity revenue, transportation sparsity
revenue, total operating capital revenue, equity revenue, alternative teacher compensation
revenue, and transition revenue.
(b) For fiscal year 2015 2016 and later, the general education revenue for each
district equals the sum of the district's basic revenue, extended time revenue, gifted and
talented revenue, declining enrollment revenue, local optional revenue, small schools
revenue, basic skills revenue, secondary sparsity revenue, elementary sparsity revenue,
transportation sparsity revenue, total operating capital revenue, equity revenue, pension
adjustment revenue, teacher development and evaluation revenue, and transition revenue.
EFFECTIVE DATE.
This section is effective for revenue in fiscal year 2016 and
later.
Sec. 2.
Minnesota Statutes 2014, section 126C.10, is amended by adding a subdivision
to read:
Subd. 38.
Teacher development and evaluation revenue.
Teacher development
and evaluation revenue for a school district, intermediate school district, or charter school
that does not have an alternative professional pay system agreement under section
122A.414, subdivision 2, equals $302 times the number of full-time equivalent teachers
employed on October 1 of the previous school year. Revenue under this section must
be reserved for teacher development and evaluation activities consistent with section
122A.40, subdivision 8, or section 122A.41, subdivision 5. For the purposes of this
section, "teacher" has the meaning given it in section 122A.40, subdivision 1, or section
122A.41, subdivision 1.
EFFECTIVE DATE.
This section is effective for revenue in fiscal year 2016 and
later.