1.1 	A bill for an act
1.2 	relating to education finance; adjusting the alternative facilities bonding and 
1.3 	levy program to eliminate aid for certain districts; allowing Independent School 
1.4 	District No. 284, Wayzata, to participate in alternative facilities bonding and levy 
1.5 	program in fiscal year 2013 and later; amending Laws 1999, chapter 241, article 
1.6 	4, section 25; Laws 2009, chapter 96, article 4, section 12, subdivision 4.
1.7 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.8 	Section 1. Laws 1999, chapter 241, article 4, section 25, is amended to read:
1.9 	Sec. 25. ALTERNATIVE FACILITIES REVENUE PROGRAM.
 1.10 		Subdivision 1.[INDEPENDENT SCHOOL DISTRICT NO. 622, NORTH ST. 
1.11 	PAUL-MAPLEWOOD-OAKDALE.] Independent school district No. 622, North St. 
1.12 	Paul-Maplewood-Oakdale, is eligible for the alternative facilities revenue program under 
1.13 	Minnesota Statutes, section 123B.59, for the purposes of financing school facilities 
1.14 	in the district.
1.15 		Subd. 2.Stillwater. Independent school district No. 834, Stillwater, is eligible for 
1.16 	the alternative facilities revenue program under Minnesota Statutes, section 123B.59, for 
1.17 	the purposes of financing school facilities in the district.
1.18 		Subd. 3.Independent School District No. 284, Wayzata. Independent School 
1.19 	District No. 284, Wayzata, is eligible for the alternative facilities revenue program under 
1.20 	Minnesota Statutes, section 123B.59, for the purposes of financing school facilities 
1.21 	in the district.

1.22 	EFFECTIVE DATE. This section is effective for revenue for fiscal year 2013 
1.23 	and later.

1.24 	Sec. 2. Laws 2009, chapter 96, article 4, section 12, subdivision 4, is amended to read:
2.1 		Subd. 4.Alternative facilities bonding aid. For alternative facilities bonding aid, 
2.2 	according to Minnesota Statutes, section 123B.59, subdivision 1:

2.3		$
	19,287,000
	.....
	2010
	
2.4
2.5		$
	19,287,000
 12,383,000
	.....
	2011
	
2.6 	The 2010 appropriation includes $1,928,000 for 2009 and $17,359,000 for 2010.
2.7 	The 2011 appropriation includes $1,928,000 for 2010 and $17,359,000 $10,455,000
2.8 	for 2011.

2.9 	Sec. 3. ALTERNATIVE FACILITIES AID REDUCTION.
 2.10 	Notwithstanding Minnesota Statutes, section 123B.59, subdivisions 6 and 7, for 
2.11 	fiscal year 2011 only, a school district that has authority to issue general obligations bonds 
2.12 	without voter approval, other than authority according to Minnesota Statutes, section 
2.13 	123B.59 or 475.51, and is not eligible for equity revenue under Minnesota Statutes, 
2.14 	section 126C.10, subdivision 24, paragraph (a), clause (2), is eligible for aid for bonding 
2.15 	debt service equal to the amount computed under Minnesota Statutes, section 123B.59, 
2.16 	subdivision 6, for the district's bonding debt service costs in fiscal year 2011 times 0.5. In 
2.17 	addition to levy authority granted under Minnesota Statutes, section 123B.59, for taxes 
2.18 	payable in 2011 only, a school district that previously received aid that was eliminated 
2.19 	under this section may levy an equal amount in taxes payable in 2011 and recognize 
2.20 	that revenue in fiscal year 2011.