as introduced - 89th Legislature (2015 - 2016) Posted on 03/04/2015 01:42pm
|Introduction||Posted on 02/25/2015|
A bill for an act
relating to education finance; authorizing school boards to reallocate
compensatory revenue; amending Minnesota Statutes 2014, section 126C.15,
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2014, section 126C.15, subdivision 2, is amended to read:
(a) new text beginnew text enda district or cooperative must allocate its compensatory revenue to each
school building in the district or cooperative where the children who have generated the
revenue are served deleted text beginunless the school district or cooperative has received permission under
Laws 2005, First Special Session chapter 5, article 1, section 50, to allocate compensatory
revenue according to student performance measures developed by the school boarddeleted text end.
(b) Notwithstanding paragraph (a),new text beginnew text end a district or cooperative may deleted text beginallocate
up to five percent of the amount ofdeleted text endnew text beginnew text end compensatory revenue deleted text beginthat
the district receives to school sitesdeleted text end according to a plan adopted by the school boarddeleted text begin, and a
district or cooperative may allocate up to an additional five percent of its compensatory
revenue for activities under subdivision 1, clause (10), according to a plan adopted by the
school boarddeleted text end. The money reallocated under this paragraph must be spent for the purposes
listed in subdivision 1, but may be spent on students in any grade, including students
attending school readiness or other prekindergarten programs.
(d) Notwithstanding section 123A.26, subdivision 1, compensatory revenue
generated by students served at a cooperative unit shall be paid to the cooperative unit.
(e) A district or cooperative with school building openings, school building
closings, changes in attendance area boundaries, or other changes in programs or student
demographics between the prior year and the current year may reallocate compensatory
revenue among sites to reflect these changes. A district or cooperative must report to the
department any adjustments it makes according to this paragraph and the department must
use the adjusted compensatory revenue allocations in preparing the report required under
section 123B.76, subdivision 3, paragraph (c).
new text begin new text end