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HF 2625

as introduced - 87th Legislature (2011 - 2012) Posted on 04/02/2012 01:50pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - as introduced

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A bill for an act
 relating to education finance; adjusting equity revenue for Independent School
District No. 728, Elk River, by the metro equity region factor for students
residing in the region.

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

Section 1. new text begin EQUITY REVENUE; INDEPENDENT SCHOOL DISTRICT NO.
728, ELK RIVER.
new text end

new text begin (a) Notwithstanding Minnesota Statutes, section 126C.10, subdivision 24, equity
revenue for Independent School District No. 728, Elk River, equals the amount computed
under Minnesota Statutes, section 126C.10, subdivision 24, paragraphs (b) to (d),
multiplied by the sum of one plus .25 times the percentage of the district's students
residing in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington County.
 new text end

new text begin (b) Notwithstanding Minnesota Statutes, section 126C.10, subdivision 24, if
Independent School District No. 728, Elk River, is eligible for additional equity revenue
under Minnesota Statutes, section 126C.10, subdivision 24, paragraph (f), this amount
shall be added to the amount calculated under paragraph (a).
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for fiscal year 2013 and later.
 new text end