1.1 	A bill for an act
1.2 	relating to education finance; increasing state aid for the operating referendum 
1.3 	program; appropriating money;amending Minnesota Statutes 2018, section 
1.4 	126C.17, subdivision 6.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2018, section 126C.17, subdivision 6, is amended to read:
1.7 		Subd. 6.Referendum equalization levy. (a) A district's referendum equalization levy 
1.8 	equals the sum of the first tier referendum equalization levy, the second tier referendum 
1.9 	equalization levy, and the third tier referendum equalization levy.
1.10 	(b) A district's first tier referendum equalization levy equals the district's first tier 
1.11 	referendum equalization revenue times the lesser of one or the ratio of the district's 
1.12 	referendum market value per resident pupil unit to $880,000 $920,000.
1.13 	(c) A district's second tier referendum equalization levy equals the district's second tier 
1.14 	referendum equalization revenue times the lesser of one or the ratio of the district's 
1.15 	referendum market value per resident pupil unit to $510,000 $740,000.
1.16 	(d) A district's third tier referendum equalization levy equals the district's third tier 
1.17 	referendum equalization revenue times the lesser of one or the ratio of the district's 
1.18 	referendum market value per resident pupil unit to $290,000.

1.19 	EFFECTIVE DATE. This section is effective for revenue for fiscal year 2021 and later.

2.1 	Sec. 2. APPROPRIATION; GENERAL EDUCATION AID.
 2.2 		Subdivision 1.Department of Education. The sums indicated in this section are 
2.3 	appropriated from the general fund to the Department of Education in the fiscal year 
2.4 	designated.
2.5 		Subd. 2.Additional operating referendum equalization aid. For additional general 
2.6 	education aid for the operating referendum revenue program under Minnesota Statutes, 
2.7 	section 126C.17:

2.8		$
	.......
	.....
	2021