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HF 1024

as introduced - 90th Legislature (2017 - 2018) Posted on 02/09/2017 01:46pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
 relating to education finance; modifying the calculation of small schools revenue;
amending Minnesota Statutes 2016, section 126C.10, subdivision 2c.

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

Section 1.

Minnesota Statutes 2016, section 126C.10, subdivision 2c, is amended to read:


Subd. 2c.

Small schools revenue.

(a) A school district, not including a charter school,
is eligible for small schools revenue equal to the greater of the calculation under paragraph
(b) or (d).

(b) The product of:

(1) deleted text begin $544deleted text end new text begin the formula allowance under section 126C.10, subdivision 2, times 0.10new text end ;

(2) new text begin the greater of 750 or new text end the district's adjusted pupil units for that year; and

(3) the greater of zero or the ratio of (i) deleted text begin 960deleted text end new text begin 1,500new text end less new text begin the greater of 750 or new text end the district's
adjusted pupil units for that year, to (ii) deleted text begin 960deleted text end new text begin 1,500new text end .

(c) For the purpose of revenue calculated under paragraph (d), "district" includes a
qualifying high school under subdivision 6 that is located in a district with at least two high
schools.

(d) The product of:

(1) deleted text begin $544deleted text end new text begin the formula allowance under section 126C.10, subdivision 2, times 0.10new text end ;

(2) new text begin the greater of 750 or new text end the district's adjusted pupil units for that year; and

(3) the greater of zero or the ratio of (i) deleted text begin 960deleted text end new text begin 1,500new text end less new text begin the greater of 750 or new text end the district's
adjusted pupil units for that year, to (ii) deleted text begin 960deleted text end new text begin 1,500new text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue in fiscal year 2018 and later.
 new text end