1.1 	A bill for an act
1.2 	relating to education finance; authorizing school districts to use long-term facilities 
1.3 	maintenance revenue for school facility demolition and debris removal;amending 
1.4 	Minnesota Statutes 2018, section 123B.595, subdivision 10.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2018, section 123B.595, subdivision 10, is amended to read:
1.7 		Subd. 10.Allowed uses for long-term facilities maintenance revenue. (a) A district 
1.8 	may use revenue under this section for any of the following:
1.9 	(1) deferred capital expenditures and maintenance projects necessary to prevent further 
1.10 	erosion of facilities;
1.11 	(2) increasing accessibility of school facilities;
1.12 	(3) health and safety capital projects under section 123B.57; or
1.13 	(4) by board resolution, to transfer money from the general fund reserve for long-term 
1.14 	facilities maintenance to the debt redemption fund to pay the amounts needed to meet, when 
1.15 	due, principal and interest on general obligation bonds issued under subdivision 5; or
1.16 	(5) demolition of all or portions of school facilities and removal of debris.
1.17 	(b) A charter school may use revenue under this section for any purpose related to the 
1.18 	school.

1.19 	EFFECTIVE DATE. This section is effective July 1, 2019.