HF 2640

as introduced - 89th Legislature (2015 - 2016) Posted on 03/15/2016 09:25am

A bill for an act
relating to education finance; creating a new source of state aid for school
districts with below-average revenue; amending Minnesota Statutes 2015
Supplement, section 126C.13, subdivision 4; proposing coding for new law
in Minnesota Statutes, chapter 126C.

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

Section 1.

new text begin [126C.127] GENERAL EDUCATION DISPARITY AID.
new text end

new text begin A school district that is among the largest ten school districts, as measured by
adjusted marginal cost pupil units, that also has a portion of its district located within the
seven-county metropolitan area and that has general education revenue per pupil unit less
than 92 percent of the average of the largest ten school districts, as measured by adjusted
marginal cost pupil units, excluding general education disparity aid, shall receive general
education disparity aid equal to five percent of the average general education revenue per
pupil unit of the largest ten school districts, excluding general education disparity aid.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2017
and later.
new text end

Sec. 2.

Minnesota Statutes 2015 Supplement, section 126C.13, subdivision 4, is
amended to read:

Subd. 4.

General education aid.

For fiscal year deleted text begin 2015 deleted text end new text begin 2017 new text end and later, a district's
general education aid equals:

(1) general education revenue, excluding operating capital revenue, equity revenue,
local optional revenue, and transition revenue, minus the student achievement levy,
multiplied times the ratio of the actual amount of student achievement levy levied to the
permitted student achievement levy; plus

(2) operating capital aid under section 126C.10, subdivision 13b;

(3) equity aid under section 126C.10, subdivision 30; plus

(4) transition aid under section 126C.10, subdivision 33; plus

(5) shared time aid under section 126C.10, subdivision 7; plus

(6) referendum aid under section 126C.17, subdivisions 7 and 7a; plus

(7) online learning aid under section 124D.096; plus

(8) local optional aid according to section 126C.10, subdivision 2d, paragraph (d) deleted text begin . deleted text end new text begin ;
plus
new text end

new text begin (9) general education disparity aid under section 126C.127.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for revenue for fiscal year 2017
and later.
new text end