1.1 	A bill for an act
1.2 	relating to education finance; modifying declining enrollment aid; appropriating 
1.3 	money;amending Minnesota Statutes 2021 Supplement, section 126C.10, 
1.4 	subdivision 2d.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2021 Supplement, section 126C.10, subdivision 2d, is 
1.7 	amended to read:
1.8 		Subd. 2d.Declining enrollment revenue. (a) A school district's declining enrollment 
1.9 	revenue equals the greater of zero or the product of: (1) 28 60 percent of the formula 
1.10 	allowance for that year and (2) the difference between the adjusted pupil units for the 
1.11 	preceding year and the adjusted pupil units for the current year.
1.12 	(b) Notwithstanding paragraph (a), for fiscal year 2024 only, prekindergarten pupil units 
1.13 	under section 126C.05, subdivision 1, paragraph (d), must be excluded from the calculation 
1.14 	of declining enrollment revenue.

1.15 	EFFECTIVE DATE. This section is effective for revenue for fiscal year 2023 and later.

1.16 	Sec. 2. APPROPRIATION; DECLINING ENROLLMENT AID.
 1.17 	$....... in fiscal year 2023 is appropriated from the general fund to the Department of 
1.18 	Education for additional declining enrollment aid required under section 1.