HF 1552

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to education finance; modifying the
transportation sparsity formula; appropriating money;
amending Minnesota Statutes 2004, section 126C.10,
subdivision 18.

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

Section 1.

Minnesota Statutes 2004, section 126C.10,
subdivision 18, is amended to read:

Subd. 18.

Transportation sparsity revenue allowance.

(a)
A district's transportation sparsity allowance equals the
greater of zero or the result of the following computation:

(i) Multiply the formula allowance according to subdivision
2, by .1469.

(ii) Multiply the result in clause (i) by the district's
sparsity index raised to the 26/100 power.

(iii) Multiply the result in clause (ii) by the district's
density index raised to the 13/100 power.

(iv) Multiply the formula allowance according to
subdivision 2, by .0485.

(v) Subtract the result in clause (iv) from the result in
clause (iii).

new text begin (vi) Multiply the result in clause (v) by 1.1.
new text end

(b) Transportation sparsity revenue is equal to the
transportation sparsity allowance times the adjusted marginal
cost pupil units.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for
fiscal year 2006.
new text end

Sec. 2. new text begin APPROPRIATION.
new text end

new text begin $....... is appropriated in fiscal year 2006 from the
general fund to the commissioner of education for the payment of
additional general education aid required by section 1. This
amount is in addition to any other appropriation for this
purpose.
new text end