HF 318

as introduced - 87th Legislature (2011 - 2012) Posted on 02/02/2011 09:09am

A bill for an act
relating to education finance; adjusting the special education percentage
eligibility requirement for a charter school to receive the accelerated aid payment
shift; amending Minnesota Statutes 2010, section 127A.45, subdivision 6a.

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

Section 1.

Minnesota Statutes 2010, section 127A.45, subdivision 6a, is amended to
read:

Subd. 6a.

Cash flow adjustment.

The board of directors of any charter school
serving fewer than 150 students where the percent of students eligible for special education
services equals deleted text begin 100 deleted text end new text begin 90 new text end percent of the charter school's total enrollment may request that
the commissioner of education accelerate the school's cash flow under this section. The
commissioner must approve a properly submitted request within 30 days of its receipt.
The commissioner must accelerate the school's cash flow aid payments for all state aid
according to the schedule in the school's request and modify the payments to the school
under subdivision 3 accordingly. The commissioner must delay the special education aid
payments to all other school districts and charter schools in proportion to each district
or charter school's total share of regular special education aid such that the overall aid
payment savings from the aid payment shift remains unchanged for any fiscal year.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end